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
Retail
Next Ups Profit Guidance on International Growth
The British retailer forecast annual profits £15 million higher than previously expected.
Next Ups Profit Guidance on International Growth
The British retailer forecast annual profits £15 million higher than previously expected.
Luxury
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Retail
Victoria’s Secret Relaunches Activewear Line VSX
The lingerie giant is set to reenter the category it exited in recent years with a new performance-driven collection.
Victoria’s Secret Relaunches Activewear Line VSX
The lingerie giant is set to reenter the category it exited in recent years with a new performance-driven collection.
Retail
Zara-Owner Inditex Extends Sales Gains, Bucking Retail Trend
Inditex SA’s sales surged 11 percent at the start of the third quarter, outpacing rivals and boosting shares, as the Zara owner’s agile operations and popular fashion lines helped it navigate poor weather and volatile consumer demand.
Zara-Owner Inditex Extends Sales Gains, Bucking Retail Trend
Inditex SA’s sales surged 11 percent at the start of the third quarter, outpacing rivals and boosting shares, as the Zara owner’s agile operations and popular fashion lines helped it navigate poor weather and volatile consumer demand.
Beauty
Puig Reports 26% Drop in Profit on IPO Costs
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its initial public offering (IPO) earlier this year, sending its shares down as much as 13 percent.
Puig Reports 26% Drop in Profit on IPO Costs
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its initial public offering (IPO) earlier this year, sending its shares down as much as 13 percent.
Retail
A Reality Check for Temu
Growth is slowing, competition is getting intense and regulators have the fast-fashion retailer in their sights. But despite investor panic over its prospects, Temu remains an e-commerce powerhouse — one that Western competitors must continue to watch.
A Reality Check for Temu
Growth is slowing, competition is getting intense and regulators have the fast-fashion retailer in their sights. But despite investor panic over its prospects, Temu remains an e-commerce powerhouse — one that Western competitors must continue to watch.
Retail
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Beauty
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated borrowing costs.
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated borrowing costs.
Retail
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops.
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops.
Retail
Gap’s Surprise Earnings Release Shows Strong Second Quarter
Gap Inc. beat sales expectations in the second quarter, suggesting that an overhaul by new chief executive officer Richard Dickson is working.
Gap’s Surprise Earnings Release Shows Strong Second Quarter
Gap Inc. beat sales expectations in the second quarter, suggesting that an overhaul by new chief executive officer Richard Dickson is working.
Retail
Birkenstock Disappoints Investors With Unchanged Outlook
Shares fell about 12 percent as of 7 a.m. in New York trading after the company affirmed its sales and profit targets for the fiscal year that ends Sept. 30.
Birkenstock Disappoints Investors With Unchanged Outlook
Shares fell about 12 percent as of 7 a.m. in New York trading after the company affirmed its sales and profit targets for the fiscal year that ends Sept. 30.
Retail
Foot Locker Plummets as Investors Unimpressed by Progress
Foot Locker Inc. exceeded sales expectations with a 2.6 percent gain and $1.9 billion in revenue, but investors were underwhelmed by the unchanged annual sales forecast, leading to a 12 percent drop in shares.
Foot Locker Plummets as Investors Unimpressed by Progress
Foot Locker Inc. exceeded sales expectations with a 2.6 percent gain and $1.9 billion in revenue, but investors were underwhelmed by the unchanged annual sales forecast, leading to a 12 percent drop in shares.
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.