Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
earnings
Beauty
Revolution Beauty Sales, Profits Slide in First-Half Results
The embattled British cosmetics company reported a 20 percent slide in revenue, but says turnaround efforts will start to pay off in the second half.
Revolution Beauty Sales, Profits Slide in First-Half Results
The embattled British cosmetics company reported a 20 percent slide in revenue, but says turnaround efforts will start to pay off in the second half.
Retail
JD’s Results Fail to Impress as Chinese Economic Fears Persist
The company’s revenue grew by 5.1 percent in Q3, reflecting cautious consumer spending in China as the government’s stimulus measures begin to take effect.
JD’s Results Fail to Impress as Chinese Economic Fears Persist
The company’s revenue grew by 5.1 percent in Q3, reflecting cautious consumer spending in China as the government’s stimulus measures begin to take effect.
Luxury
Burberry ‘Acting with Urgency to Course Correct’
The loss-making British megabrand is putting focus back on outerwear, adjusting pricing for bags and shoes and underscoring its heritage as part of a turnaround plan outlined by new chief executive Joshua Schulman on Thursday.
Burberry ‘Acting with Urgency to Course Correct’
The loss-making British megabrand is putting focus back on outerwear, adjusting pricing for bags and shoes and underscoring its heritage as part of a turnaround plan outlined by new chief executive Joshua Schulman on Thursday.
Retail
On Boosts Outlook on Record Sales for Sneaker Upstart
CEO Martin Hoffmann said the company, which sells $160 sneakers and $130 hoodies, isn’t planning on widespread discounts during the year-end holiday season.
On Boosts Outlook on Record Sales for Sneaker Upstart
CEO Martin Hoffmann said the company, which sells $160 sneakers and $130 hoodies, isn’t planning on widespread discounts during the year-end holiday season.
Retail
Shopify Surges After Third Quarter Revenue Beats Estimates
The company saw its stock jump nearly 14 percent after reporting stronger-than-expected third-quarter sales, signalling growing momentum as more consumers shift spending from brick-and-mortar stores to e-commerce.
Shopify Surges After Third Quarter Revenue Beats Estimates
The company saw its stock jump nearly 14 percent after reporting stronger-than-expected third-quarter sales, signalling growing momentum as more consumers shift spending from brick-and-mortar stores to e-commerce.
Luxury
This Week: Burberry Goes Back to Basics, Again
When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14.
This Week: Burberry Goes Back to Basics, Again
When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14.
Beauty
Kenvue’s Weak Sales Give Power to Activist Push
The company reported weaker-than-expected sales growth, primarily due to a slowdown in its skin health and beauty segment.
Kenvue’s Weak Sales Give Power to Activist Push
The company reported weaker-than-expected sales growth, primarily due to a slowdown in its skin health and beauty segment.
Luxury
Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown
Ralph Lauren raised its annual revenue outlook to 3-4 percent, driven by strong sales in Europe, Asia, and robust growth in China, while forecasting a solid holiday season.
Ralph Lauren Raises Outlook, Bucking Broader Luxury Slowdown
Ralph Lauren raised its annual revenue outlook to 3-4 percent, driven by strong sales in Europe, Asia, and robust growth in China, while forecasting a solid holiday season.
Direct-to-Consumer
Warby Parker Narrows Losses, Raises Full-Year Revenue Projections
The eyewear maker reported steady sales growth in the third quarter of the year as it continues its brick-and-mortar expansion.
Warby Parker Narrows Losses, Raises Full-Year Revenue Projections
The eyewear maker reported steady sales growth in the third quarter of the year as it continues its brick-and-mortar expansion.
Beauty
Shiseido Lowers Full-Year Forecast As China Slump Persists
Shiseido reported on Thursday a 26 percent decline in core operating profit over the first nine months of this year.
Shiseido Lowers Full-Year Forecast As China Slump Persists
Shiseido reported on Thursday a 26 percent decline in core operating profit over the first nine months of this year.
Beauty
E.l.f Beauty Lifts Annual Forecasts on Resilient Cosmetics Demand; Shares Up
The company’s strategy of introducing “dupes” of luxury cosmetics and pricing its products between $2 and $10 has further bolstered demand.
E.l.f Beauty Lifts Annual Forecasts on Resilient Cosmetics Demand; Shares Up
The company’s strategy of introducing “dupes” of luxury cosmetics and pricing its products between $2 and $10 has further bolstered demand.
Beauty
Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
Coty is also facing tight inventory management by retailers globally, while in the United States the company is grappling with soft sales at drug stores and pharmacy chains.
Coty Sees Annual Profit at Low End of Forecast as Mass Beauty Demand Slows
Coty is also facing tight inventory management by retailers globally, while in the United States the company is grappling with soft sales at drug stores and pharmacy chains.
The News in Brief
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Mexican Makeup Label Sarelly Raises $3 Million
The funding will be used to power the brand’s expansion into the US, including a nationwide rollout in Target’s Beauty Studio.
Bath & Body Works Lifts Annual Profit Forecast on Digital Demand
The US fragrance giant raised its full-year profit forecast and beat estimates for second-quarter results, benefiting from demand for its products on digital channels, despite a decline in store traffic.
Indian Fashion Retailer Purple Style Labs Plans IPO
The Bollywood star-backed company behind multi-brand retailer Pernia’s Pop-Up Shop will launch its share sale next week as it taps demand for luxury wedding and occasion wear.
India Investigates Fragrance Giants Over Price Collusion, Document Shows
Global fragrance makers Givaudan, Firmenich and International Flavors & Fragrances face a second antitrust investigation by Indian authorities, according to a regulatory document seen by Reuters.
Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand
The Chinese jewellery maker’s revenue increased 60 percent to $2.9 billion during the the six months ended June.