A lack of visibility for the second half of the year beyond the easing of comparative figures — as the Chinese post-pandemic lockdown bounce tapered off a year ago — is unlikely to improve investor sentiment regarding the high end sector, Citi analyst Thomas Chauvet said in an emailed note to clients.
A lack of visibility for the second half of the year beyond the easing of comparative figures — as the Chinese post-pandemic lockdown bounce tapered off a year ago — is unlikely to improve investor sentiment regarding the high end sector, Citi analyst Thomas Chauvet said in an emailed note to clients.
India’s largest maker of household and beauty staples has been struggling with sluggish consumer demand in recent quarters and choosy urban consumers who have been switching to niche products.
India’s largest maker of household and beauty staples has been struggling with sluggish consumer demand in recent quarters and choosy urban consumers who have been switching to niche products.
The Louis Vuitton and Dior owner’s revenues fell for a second consecutive quarter, suggesting even the sector’s strongest players are struggling to buck a slowdown in demand for high-end brands.
The Louis Vuitton and Dior owner’s revenues fell for a second consecutive quarter, suggesting even the sector’s strongest players are struggling to buck a slowdown in demand for high-end brands.
The perfume maker posted strong sales growth and announced a renewal of its Van Cleef & Arpels licence, but cautioned that tough economic climes in Europe could moderate further growth.
The perfume maker posted strong sales growth and announced a renewal of its Van Cleef & Arpels licence, but cautioned that tough economic climes in Europe could moderate further growth.
The company, which bills itself as “everyday luxury” and specialises in women’s apparel, has focused on expanding its US presence, which the company expects will help drive sales.
The company, which bills itself as “everyday luxury” and specialises in women’s apparel, has focused on expanding its US presence, which the company expects will help drive sales.
Downbeat investor reaction to Brunello Cucinelli’s solid second-quarter earnings is an ominous sign for Europe’s luxury goods companies.
Downbeat investor reaction to Brunello Cucinelli’s solid second-quarter earnings is an ominous sign for Europe’s luxury goods companies.
Although the company has outlined a plan to streamline its portfolio, analysts note that it would be some time before the sportswear company can revive demand.
Although the company has outlined a plan to streamline its portfolio, analysts note that it would be some time before the sportswear company can revive demand.
Shares of the company, which have risen 39 percent so far this year, were down 11 percent in extended trading.
Shares of the company, which have risen 39 percent so far this year, were down 11 percent in extended trading.
The fashion giants are mid-turnaround, but could use strong quarterly results to buy time for their plans to kick in.
The fashion giants are mid-turnaround, but could use strong quarterly results to buy time for their plans to kick in.
The yogawear brand now sees earnings per share totalling as much as $14.47 in the current fiscal year, up 27 cents from the previous view.
The yogawear brand now sees earnings per share totalling as much as $14.47 in the current fiscal year, up 27 cents from the previous view.
The Zara owner’s upbeat start to the season comes as it reported quarterly sales and profit that met expectations, with growth decelerating on tough comparisons and a weak consumer environment.
The Zara owner’s upbeat start to the season comes as it reported quarterly sales and profit that met expectations, with growth decelerating on tough comparisons and a weak consumer environment.
When the company reports earnings today, analysts expect another quarter of slowing growth. The question is whether Lululemon’s ongoing slowdown is temporary or a sign that the brand is trapped in a downward spiral.
When the company reports earnings today, analysts expect another quarter of slowing growth. The question is whether Lululemon’s ongoing slowdown is temporary or a sign that the brand is trapped in a downward spiral.
Kristin Bauer, who was chief supply chain officer for the sneaker retailer for nearly three years, will join Converse as chief operating officer on Sept. 14, according to an internal memo.
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.