Ulta Beauty Raises 2026 Guidance as Sales Rise 8.9%
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
earnings
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.
Beauty
P&G Reports Weak Sales Growth on Lower Beauty Demand
The company reported a second consecutive quarter of slow sales growth, with organic sales rising just 2 percent amid minimal price increases and notable weakness in key categories like beauty and baby care, particularly affected by challenges in China and the Middle East.
P&G Reports Weak Sales Growth on Lower Beauty Demand
The company reported a second consecutive quarter of slow sales growth, with organic sales rising just 2 percent amid minimal price increases and notable weakness in key categories like beauty and baby care, particularly affected by challenges in China and the Middle East.
Luxury
Cucinelli Bucks Gloomy Industry Trend With Revenue Rise
As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rivals.
Cucinelli Bucks Gloomy Industry Trend With Revenue Rise
As global demand for luxury goods slows, the Italian group keeps growing, helped by its focus on higher-end consumers and by a more limited exposure to China compared to its rivals.
Luxury
This Week: Has Luxury Hit Bottom?
LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift.
This Week: Has Luxury Hit Bottom?
LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift.
Retail
Shein’s UK Sales Hit $2 Billion Ahead of Possible London Listing
The company, which was founded in China but is now based in Singapore, saw its British revenue rise 38 percent in 2023 from a year earlier.
Shein’s UK Sales Hit $2 Billion Ahead of Possible London Listing
The company, which was founded in China but is now based in Singapore, saw its British revenue rise 38 percent in 2023 from a year earlier.
Retail
Levi Sees Full-Year Revenue at Low End of Its Guidance Range
Sales in the company’s fiscal third quarter, which ended Aug. 25, fell just short of the average analyst estimate, and Levi’s Americas division posted a revenue decline.
Levi Sees Full-Year Revenue at Low End of Its Guidance Range
Sales in the company’s fiscal third quarter, which ended Aug. 25, fell just short of the average analyst estimate, and Levi’s Americas division posted a revenue decline.
Sports
Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO
Sales missed expectations and the company withdrew its guidance, laying bare the challenges facing Elliott Hill as he prepares to lead the brand.
Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO
Sales missed expectations and the company withdrew its guidance, laying bare the challenges facing Elliott Hill as he prepares to lead the brand.
Retail
This Week: Nike’s Next Chapter Begins
Quarterly earnings on Tuesday are likely to paint a bleak picture, but also provide the new regime an opportunity to lay groundwork for a recovery.
This Week: Nike’s Next Chapter Begins
Quarterly earnings on Tuesday are likely to paint a bleak picture, but also provide the new regime an opportunity to lay groundwork for a recovery.
The News in Brief
Nike Hires Walmart Veteran Ewing as Chief Commercial Officer
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
Inditex’s Primark Competitor Lefties Lands in the UK
The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.
David Pemsel to Step Down as British Fashion Council Chairman
The UK fashion trade body has yet to name a successor.
Samsung Ordered to Pay Swatch $11.6 Million Over Copied Smartwatch Apps
The Swiss watchmaker initially sought about $170 million from the Korean technology giant for failing to prevent apps that mimicked its luxury brands on its smartwatch displays.
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.
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.