The Michael Kors and Versace owner called the results ‘disappointing.’
The Michael Kors and Versace owner called the results ‘disappointing.’
Elf now sees 2025 sales to be between $1.28 billion and $1.30 billion, compared to previous expectations of $1.23 billion and $1.25 billion.
Elf now sees 2025 sales to be between $1.28 billion and $1.30 billion, compared to previous expectations of $1.23 billion and $1.25 billion.
Warby Parker’s revenue grew 13 percent year over year to $188 million in the second quarter of 2024, a slight drop in growth from its previous quarter’s 16 percent jump. But the eyewear maker made significant inroads in growing its bottom line and improving two of its weaker spots: e-commerce sales and active customers.
Warby Parker’s revenue grew 13 percent year over year to $188 million in the second quarter of 2024, a slight drop in growth from its previous quarter’s 16 percent jump. But the eyewear maker made significant inroads in growing its bottom line and improving two of its weaker spots: e-commerce sales and active customers.
Allbirds’ sales fell 27 percent year over year to $52 million in the second quarter, but that was more than enough to keep the company within its previous guidance.
Allbirds’ sales fell 27 percent year over year to $52 million in the second quarter, but that was more than enough to keep the company within its previous guidance.
Ralph Lauren Corp reported a 1 percent increase in first-quarter revenue to $1.51 billion, exceeding profit estimates amid strong demand in Europe and China, while its shares rose 4 percent premarket.
Ralph Lauren Corp reported a 1 percent increase in first-quarter revenue to $1.51 billion, exceeding profit estimates amid strong demand in Europe and China, while its shares rose 4 percent premarket.
Along with several global apparel retailers such as H&M and Zara, VF Corp has been facing some disruptions due to political unrest in Bangladesh. About 15 percent of its production comes out of the country, a company executive said in an earnings call.
Along with several global apparel retailers such as H&M and Zara, VF Corp has been facing some disruptions due to political unrest in Bangladesh. About 15 percent of its production comes out of the country, a company executive said in an earnings call.
South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million.
South Korea’s largest online retailer posted a net loss of $77 million for the June quarter, versus an average estimate for a loss of $11.7 million.
The retailer’s shares dropped more than 8 percent after the company reported only 5 percent growth in online store sales for the second quarter, highlighting a shift in consumer behaviour towards cheaper options as spending slows.
The retailer’s shares dropped more than 8 percent after the company reported only 5 percent growth in online store sales for the second quarter, highlighting a shift in consumer behaviour towards cheaper options as spending slows.
The company’s aggregate financial results in the second quarter were “significantly impacted by the challenging consumer environment, especially in Asia Pacific,” said CEO Marco Gobbetti.
The company’s aggregate financial results in the second quarter were “significantly impacted by the challenging consumer environment, especially in Asia Pacific,” said CEO Marco Gobbetti.
The company reported better-than-expected revenue of C$88.1 million for the fiscal first quarter, driven by strong sales in Asia, despite a 3 percent drop in North American sales.
The company reported better-than-expected revenue of C$88.1 million for the fiscal first quarter, driven by strong sales in Asia, despite a 3 percent drop in North American sales.
The company’s increased its pre-tax profit forecast for the year to $1.3 billion.
The company’s increased its pre-tax profit forecast for the year to $1.3 billion.
Hugo Boss said its earnings before interest and tax (EBIT) fell to €70 million ($75.8 million) in the second quarter, from €121 million a year earlier, as reported last month.
Hugo Boss said its earnings before interest and tax (EBIT) fell to €70 million ($75.8 million) in the second quarter, from €121 million a year earlier, as reported last month.
The brand plans to buy back more than €800 million ($932 million) of stock, seeking to bolster investor confidence after a slide in its shares and the exit of an heir of the eyewear maker’s founder from his management roles.
The beauty retailer’s fiscal second-quarter growth was driven by fragrance, K-beauty and store expansion, said CEO Kecia Steelman.
Jane Ewing, who was most recently interim chief executive officer for Sam’s Club in China, will join Nike on Sept. 7.
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.
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.
The UK fashion trade body has yet to name a successor.
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 attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.