Hugo Boss Chairman to Step Down Amid Frasers Group Pressure
Stephan Sturm is stepping down, as the German fashion house's largest shareholder seeks to beef up its board representation alongside its takeover bid for the brand.
earnings
Retail
Abercrombie & Fitch Lifts Annual Sales Forecast After Upbeat Quarter
Updated inventories and trendy logo-less basics and jackets have allowed the company to rein in promotions and markdowns from a year earlier.
Abercrombie & Fitch Lifts Annual Sales Forecast After Upbeat Quarter
Updated inventories and trendy logo-less basics and jackets have allowed the company to rein in promotions and markdowns from a year earlier.
Retail
Kohl’s Sales Miss Estimates as Shoppers Trim Spending on Non-Essentials
American shoppers have continued to defer non-essential purchases and instead spend more dollars on essentials.
Kohl’s Sales Miss Estimates as Shoppers Trim Spending on Non-Essentials
American shoppers have continued to defer non-essential purchases and instead spend more dollars on essentials.
China
Alibaba Quarterly Revenue In Line With Expectation
The Group's second-quarter revenue was in line with analysts’ estimates as the country’s retail sector recovers from the effects of pandemic-fueled lockdowns.
Alibaba Quarterly Revenue In Line With Expectation
The Group's second-quarter revenue was in line with analysts’ estimates as the country’s retail sector recovers from the effects of pandemic-fueled lockdowns.
Retail
Walmart Lifts Targets as Shoppers Pick Low-Priced Items for the Holiday
The U.S. retail giant has used its size and scale to keep prices low despite inflation.
Walmart Lifts Targets as Shoppers Pick Low-Priced Items for the Holiday
The U.S. retail giant has used its size and scale to keep prices low despite inflation.
Beauty
Bath & Body Works Trims Sales Forecast as Demand Slows Into Holiday Season
Analysts have noted the company’s product offerings have limited room for growth and are not recession-resistant as they come at high price points.
Bath & Body Works Trims Sales Forecast as Demand Slows Into Holiday Season
Analysts have noted the company’s product offerings have limited room for growth and are not recession-resistant as they come at high price points.
Retail
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
The results underscore an emerging trend for retailers this quarter, which have reported improvements to profitability but have struggled to maintain the sales growth that powered them through the pandemic period.
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
The results underscore an emerging trend for retailers this quarter, which have reported improvements to profitability but have struggled to maintain the sales growth that powered them through the pandemic period.
Retail
Target CEO Signals a Halt to Revenge Spending and Delays in Impulse Buys
This is clearly an improvement on recent quarters, when the Minneapolis-based company suffered a series of missteps in terms of inventories and navigating the culture wars.
Target CEO Signals a Halt to Revenge Spending and Delays in Impulse Buys
This is clearly an improvement on recent quarters, when the Minneapolis-based company suffered a series of missteps in terms of inventories and navigating the culture wars.
Luxury
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
The company will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday.
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
The company will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday.
Retail
TJ Maxx Parent Sees Downbeat Holiday Earnings as Higher Costs Weigh
TJX Cos forecast current-quarter profit below Wall Street expectations, signalling that spiralling costs were weighing on the retailer’s margins.
TJ Maxx Parent Sees Downbeat Holiday Earnings as Higher Costs Weigh
TJX Cos forecast current-quarter profit below Wall Street expectations, signalling that spiralling costs were weighing on the retailer’s margins.
Retail
Discount Retailers’ Sales Rebound With Anxious Shoppers Seeking Deals
Value retailers are holding up against a broader spending pullback as economic anxiety and a softening job market drive shoppers to seek out discounts and deals.
Discount Retailers’ Sales Rebound With Anxious Shoppers Seeking Deals
Value retailers are holding up against a broader spending pullback as economic anxiety and a softening job market drive shoppers to seek out discounts and deals.
Retail
Roger Federer-Backed Shoemaker On Sees Sales Surge
On Holding AG reported earnings that topped estimates amid fast growth in US sneaker sales.
Roger Federer-Backed Shoemaker On Sees Sales Surge
On Holding AG reported earnings that topped estimates amid fast growth in US sneaker sales.
Beauty
Shiseido Posts Biggest Drop in 16 Years After Forecast Cut
Shiseido Co. posted its steepest decline in 16 years after the Japanese cosmetics maker cut its full-year profit forecast on slower demand from Chinese consumers, following the release of treated radioactive wastewater at Fukushima in August.
Shiseido Posts Biggest Drop in 16 Years After Forecast Cut
Shiseido Co. posted its steepest decline in 16 years after the Japanese cosmetics maker cut its full-year profit forecast on slower demand from Chinese consumers, following the release of treated radioactive wastewater at Fukushima in August.
The News in Brief
CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
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.