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.
earnings
Luxury
How Prada Is Defying the Downturn
The Milanese group reported nine-month net revenues up 18 percent year-on-year, powered by eye-popping growth at Miu Miu, where third-quarter sales surged 105 percent.
How Prada Is Defying the Downturn
The Milanese group reported nine-month net revenues up 18 percent year-on-year, powered by eye-popping growth at Miu Miu, where third-quarter sales surged 105 percent.
Beauty
Puig Posts 11% Rise in Third-Quarter Sales, Beats Expectations
Spanish fashion and perfumes company Puig reported an 11 percent rise in third-quarter sales on Tuesday, beating analysts’ expectations after sector rivals posted disappointing results due to lower demand in China.
Puig Posts 11% Rise in Third-Quarter Sales, Beats Expectations
Spanish fashion and perfumes company Puig reported an 11 percent rise in third-quarter sales on Tuesday, beating analysts’ expectations after sector rivals posted disappointing results due to lower demand in China.
Retail
Adidas Comeback Gains Ground With Widespread Rise in Sales
The German sportswear giant notched another positive quarter under CEO Bjørn Gulden’s post-Yeezy turnaround plan.
Adidas Comeback Gains Ground With Widespread Rise in Sales
The German sportswear giant notched another positive quarter under CEO Bjørn Gulden’s post-Yeezy turnaround plan.
Retail
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday.
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
VF Corp turned a profit after two consecutive quarterly losses and beat second-quarter sales estimates on Monday.
Retail
This Week: Adidas, Prada Offer a Respite From a Grim Earnings Season
A slew of brands should report strong results even amid an unpredictable economy and slumping luxury sales.
This Week: Adidas, Prada Offer a Respite From a Grim Earnings Season
A slew of brands should report strong results even amid an unpredictable economy and slumping luxury sales.
Beauty
Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand
In the first nine months of the year, the Swiss beauty firm saw its sales rise to $3.26 billion thanks to robust performance in Europe and gains in China and Latin America.
Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand
In the first nine months of the year, the Swiss beauty firm saw its sales rise to $3.26 billion thanks to robust performance in Europe and gains in China and Latin America.
Beauty
Beiersdorf Sales Rise 6.5%; China Still Drags
The German beauty conglomerate saw its sales lift ahead of analyst expectations, led by a north American rebound and skincare, but continued pressure in China weighed on overall growth.
Beiersdorf Sales Rise 6.5%; China Still Drags
The German beauty conglomerate saw its sales lift ahead of analyst expectations, led by a north American rebound and skincare, but continued pressure in China weighed on overall growth.
Luxury
Hermès Continues to Outshine Rivals with Sales up 11.3%
The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand.
Hermès Continues to Outshine Rivals with Sales up 11.3%
The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand.
Beauty
Why L’Oréal’s Meteoric Skincare Growth is Coming Back to Earth
L’Oréal’s dermatological beauty division is usually a blockbuster, but the impact of increased competition and the decline of drugstore distributors on its recent earnings show the company can’t rest on its laurels.
Why L’Oréal’s Meteoric Skincare Growth is Coming Back to Earth
L’Oréal’s dermatological beauty division is usually a blockbuster, but the impact of increased competition and the decline of drugstore distributors on its recent earnings show the company can’t rest on its laurels.
Luxury
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Beauty
L’Oréal Third Quarter Sales Miss Expectations as China Buys Less
The North Asia region, dominated by China, accounts for a quarter of group sales, but persistently weak demand in the world’s No. 2 economy has curbed consumer spending.
L’Oréal Third Quarter Sales Miss Expectations as China Buys Less
The North Asia region, dominated by China, accounts for a quarter of group sales, but persistently weak demand in the world’s No. 2 economy has curbed consumer spending.
Beauty
Interparfums Sales Rise 15%, Buoyed by Fragrance Demand
The European fragrance licensee beat analyst expectations in its third-quarter earnings, with sales lifting to $425 million.
Interparfums Sales Rise 15%, Buoyed by Fragrance Demand
The European fragrance licensee beat analyst expectations in its third-quarter earnings, with sales lifting to $425 million.
The News in Brief
Target Shares Fall After Pulling Halloween Costume Evoking Blackface
The retailer previously sparked calls for a boycott in early 2025 after it pulled back from its diversity initiatives as Donald Trump returned to the White House.
US Consumer Confidence Hits Seven-Month Low on Worse Outlook
Looking ahead, consumers surveyed by the Conference Board expressed negative sentiment towards future job and income prospects.
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.
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.