Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
earnings
Retail
Levi Shares Tumble as Full-Year Guidance Disappoints
The San Francisco-based retailer is expecting revenue to fall 1 percent to 2 percent in fiscal 2025.
Levi Shares Tumble as Full-Year Guidance Disappoints
The San Francisco-based retailer is expecting revenue to fall 1 percent to 2 percent in fiscal 2025.
Retail
H&M Shares Fall as Sales Growth Continues to Disappoint
Weaker-than-expected sales at the Swedish fast-fashion giant signal hurdles for CEO Daniel Erver’s turnaround strategy.
H&M Shares Fall as Sales Growth Continues to Disappoint
Weaker-than-expected sales at the Swedish fast-fashion giant signal hurdles for CEO Daniel Erver’s turnaround strategy.
Retail
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
The company has now beaten revenue and profit estimates for three successive quarters, recovering from demand headwinds and losses that had affected the company up to early 2024.
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
The company has now beaten revenue and profit estimates for three successive quarters, recovering from demand headwinds and losses that had affected the company up to early 2024.
Luxury
LVMH Growth Boosts Luxury Outlook
The sector bellwether beat expectations with a 1 percent rise in fourth-quarter sales, as demand for fashion and leather goods picked up, adding to hopes the luxury market has turned a corner.
LVMH Growth Boosts Luxury Outlook
The sector bellwether beat expectations with a 1 percent rise in fourth-quarter sales, as demand for fashion and leather goods picked up, adding to hopes the luxury market has turned a corner.
Luxury
Burberry Soars After US Demand Pickup
Shares in the British mega-brand surged after a pickup in US demand buoyed sales results, raising investor hopes for a luxury market recovery.
Burberry Soars After US Demand Pickup
Shares in the British mega-brand surged after a pickup in US demand buoyed sales results, raising investor hopes for a luxury market recovery.
Retail
Puma Shares Fall After Sales and Profit Miss
The sneaker maker’s stock fell around 18 percent, hitting its lowest level since 2018.
Puma Shares Fall After Sales and Profit Miss
The sneaker maker’s stock fell around 18 percent, hitting its lowest level since 2018.
Retail
Zalando Says Its Full-Year Profit to Exceed Own Target
Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts.
Zalando Says Its Full-Year Profit to Exceed Own Target
Europe’s biggest online retailer Zalando said on Wednesday it expected its profit for 2024 to be above its own forecasts.
Luxury
Richemont’s Sales Soar 10%
Higher sales in the US and Europe coupled with smaller declines in China offered a tentative sign that demand for luxury goods may be recovering.
Richemont’s Sales Soar 10%
Higher sales in the US and Europe coupled with smaller declines in China offered a tentative sign that demand for luxury goods may be recovering.
Retail
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
The retailer’s has lowered sales forecast for the current quarter signalled that its expectations for a strong holiday season may have been too optimistic, as comparable sales remained flat through early January.
Macy’s Trims Sales Outlook After Holidays Didn’t Deliver
The retailer’s has lowered sales forecast for the current quarter signalled that its expectations for a strong holiday season may have been too optimistic, as comparable sales remained flat through early January.
Retail
Lululemon Regains Momentum on Strong Holiday Sales
The company has raised its fourth-quarter sales outlook, expecting a revenue increase of 11 percent to 12 percent, signalling resilience against rising competition and slowing consumer spending.
Lululemon Regains Momentum on Strong Holiday Sales
The company has raised its fourth-quarter sales outlook, expecting a revenue increase of 11 percent to 12 percent, signalling resilience against rising competition and slowing consumer spending.
Retail
This Week: Will Zara’s Charmed Run Continue?
Inditex reports third-quarter results that are expected to show steady growth at its biggest brand, which has built strong defenses against rivals at the top and bottom of the market.
This Week: Will Zara’s Charmed Run Continue?
Inditex reports third-quarter results that are expected to show steady growth at its biggest brand, which has built strong defenses against rivals at the top and bottom of the market.
Retail
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica, opens new tab increased its full-year revenue and profit forecasts on Thursday, betting on resilient demand for its athletic wear in the US during the holiday shopping season, sending its shares up about 5 percent in extended trading.
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica, opens new tab increased its full-year revenue and profit forecasts on Thursday, betting on resilient demand for its athletic wear in the US during the holiday shopping season, sending its shares up about 5 percent in extended trading.
The News in Brief
Essilorluxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.