CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
CFDA chief executive Steven Kolb has come under fire for an altercation with multiple PETA protestors during the Cos runway show at New York Fashion Week on Sunday.
earnings
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.
Beauty
Walgreens Profit Beats Wall Street as Sales Rise Amid Cost Cuts
Walgreens Boots Alliance Inc. reported fiscal first-quarter earnings and sales ahead of Wall Street expectations.
Walgreens Profit Beats Wall Street as Sales Rise Amid Cost Cuts
Walgreens Boots Alliance Inc. reported fiscal first-quarter earnings and sales ahead of Wall Street expectations.
Retail
Next Bullish on Profit After Festive Surge
Next Plc raised its profit forecast for the fifth time since June and said it will grow even more next year after the British home and clothing retailer thrived during the Christmas shopping season.
Next Bullish on Profit After Festive Surge
Next Plc raised its profit forecast for the fifth time since June and said it will grow even more next year after the British home and clothing retailer thrived during the Christmas shopping season.
Luxury
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
UBS analysts said Wednesday that slowing demand from Chinese shoppers and the absence of significant pick up elsewhere would weigh on sales.
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
UBS analysts said Wednesday that slowing demand from Chinese shoppers and the absence of significant pick up elsewhere would weigh on sales.
Retail
Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
Abercrombie & Fitch was the top-performing stock in the S&P 1500 Index last year, beating even AI chipmaker Nvidia.
Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
Abercrombie & Fitch was the top-performing stock in the S&P 1500 Index last year, beating even AI chipmaker Nvidia.
Retail
Under Pressure From Shein, H&M Reaches for Upmarket Shoppers
In seeking to attract more aspirational shoppers, H&M is boosting its image through high fashion collaborations.
Under Pressure From Shein, H&M Reaches for Upmarket Shoppers
In seeking to attract more aspirational shoppers, H&M is boosting its image through high fashion collaborations.
The News in Brief
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.