Dyson Debuts $499 AI-Powered Toothbrush With a Built-in Camera
The UK company's new device uses artificial intelligence and a built-in camera to give real-time feedback on oral hygiene.
earnings
Retail
Birkenstock Slumps as Forecast Disappoints Some Investors
Chief executive officer Oliver Reichert has argued that Birkenstock still has plenty of room for growth following the rapid expansion of the past decade.
Birkenstock Slumps as Forecast Disappoints Some Investors
Chief executive officer Oliver Reichert has argued that Birkenstock still has plenty of room for growth following the rapid expansion of the past decade.
Luxury
Richemont Shares Surge As Demand for Cartier, Van Cleef Boosts Holiday Sales
Sales rose 8 percent year-on-year for the three months ending December 2023 to €5.6 billion, beating analyst expectations.
Richemont Shares Surge As Demand for Cartier, Van Cleef Boosts Holiday Sales
Sales rose 8 percent year-on-year for the three months ending December 2023 to €5.6 billion, beating analyst expectations.
Luxury
Watches of Switzerland Dives as Watch Shoppers Retreat
Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits.
Watches of Switzerland Dives as Watch Shoppers Retreat
Shares of Watches of Switzerland Group Plc slumped nearly 30 percent after the top seller of Rolex watches in the UK cut its sales and growth forecasts, blaming volatile demand and a shift in luxury spending habits.
Luxury
Luxury’s Rebound Is Proving Elusive as China Gloom Adds to Warnings
Richemont SA will offer fresh insight on how luxury companies are coping with a sector-wide growth slump when it reports third-quarter sales on Thursday.
Luxury’s Rebound Is Proving Elusive as China Gloom Adds to Warnings
Richemont SA will offer fresh insight on how luxury companies are coping with a sector-wide growth slump when it reports third-quarter sales on Thursday.
Luxury
Hugo Boss Shares Sink as Profit Disappoints
Quarterly earnings before interest and tax came in at €121 million ($132 million), missing analysts’ average estimate of €129 million.
Hugo Boss Shares Sink as Profit Disappoints
Quarterly earnings before interest and tax came in at €121 million ($132 million), missing analysts’ average estimate of €129 million.
Beauty
German Beauty Retailer Douglas Sees Sales Grow to $1.7B in First Quarter
The company said it is on-track to hit $5.5 billion in net sales in 2026 despite the tough economic climate in Europe.
German Beauty Retailer Douglas Sees Sales Grow to $1.7B in First Quarter
The company said it is on-track to hit $5.5 billion in net sales in 2026 despite the tough economic climate in Europe.
Luxury
Is Richemont Ready to Reveal Net-a-Porter’s Future?
The Swiss luxury conglomerate reports quarterly results this week, as the failed deal to offload its struggling e-commerce unit to Farfetch looms large. That, plus what else to watch for in the coming days.
Is Richemont Ready to Reveal Net-a-Porter’s Future?
The Swiss luxury conglomerate reports quarterly results this week, as the failed deal to offload its struggling e-commerce unit to Farfetch looms large. That, plus what else to watch for in the coming days.
Luxury
Burberry Shares Plunge as Company Slashes Profit Forecast
The British trenchcoat maker's stock fell as much as 15 percent, the steepest intraday decline in more than a decade.
Burberry Shares Plunge as Company Slashes Profit Forecast
The British trenchcoat maker's stock fell as much as 15 percent, the steepest intraday decline in more than a decade.
Retail
Rent the Runway Lays Off 10% of Corporate Staff
The restructuring will allow the company to direct more resources toward growth, CEO Jennifer Hyman said.
Rent the Runway Lays Off 10% of Corporate Staff
The restructuring will allow the company to direct more resources toward growth, CEO Jennifer Hyman said.
Retail
Neiman Marcus Says Holiday Sales Fell
Sales at stores that have been open for at least a year, known as same-store sales, were flat versus last year, chief executive officer Geoffroy van Raemdonck said in a statement tied to comments he made at the ICR Conference in Orlando.
Neiman Marcus Says Holiday Sales Fell
Sales at stores that have been open for at least a year, known as same-store sales, were flat versus last year, chief executive officer Geoffroy van Raemdonck said in a statement tied to comments he made at the ICR Conference in Orlando.
Retail
American Eagle Outfitters Lifts Holiday Quarter Revenue View on Strong Demand
The multi-brand apparel retailer now expects fourth-quarter revenue to increase in the low double digits percentage range.
American Eagle Outfitters Lifts Holiday Quarter Revenue View on Strong Demand
The multi-brand apparel retailer now expects fourth-quarter revenue to increase in the low double digits percentage range.
Retail
Abercrombie & Fitch Lifts Holiday Sales Forecast on Robust Demand
The company benefited from a focus on fresh styles.
Abercrombie & Fitch Lifts Holiday Sales Forecast on Robust Demand
The company benefited from a focus on fresh styles.
The News in Brief
Fashion’s Climate Emissions Increased Almost 14% Over Two Years
Greenhouse gas emissions rose in 2023 and 2024, due in part to increased global production of fibre, especially polyester, according to a new report by the Apparel Impact Institute.
France Targets Shein and Temu With Fast-Fashion Fines
The penalties are part of a law passed in June that targets the extreme end of fast fashion and aims to address environmental concerns from overproduction.
Kering Names Sabina Belli Italy Chief and New CEOs For Pomellato and DoDo
Charlotte Fournet will head Pomellato and Krizia Cucurachi will lead DoDo as Luca de Meo continues his management reshuffle, tapping insiders for the key roles
Wella Files For US IPO
The owner of Ghd and OPI, backed by investment firm KKR, plans to list on the New York Stock Exchange.
Shein Prices Hong Kong IPO Below Top End of Range, Raises $1.74 Billion
Existing investors in the fast-fashion giant who participated in the offer include billionaire Michael Bloomberg's family office Willett Advisors, French billionaire entrepreneur and investor Xavier Niel and Microsoft Corp.
Amazon Sued by FTC Over Claims It Misled Advertisers on Pricing
The FTC and several state attorneys general have been investigating claims that Amazon had not properly disclosed the terms and pricing related to its ads.
Kris Van Assche Relaunches His Fashion Label
The former creative director of Dior Homme and Berluti is bringing back his namesake brand with designs for men and women.