Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
earnings
Retail
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter.
Canada Goose Cuts Sales Forecast on Rocky China Recovery, Appoints New CFO
Canada Goose Holdings cut its annual sales forecast on Wednesday, in a sign that a sharp rebound in China was starting to falter.
Luxury
Matchesfashion Saw Slight Revenue Drop in 2022
This week, luxury e-tailer Matchesfashion announced revenue dropped 1.68 percent to £380.1 million ($461.6 million) for the 2022 fiscal year (ending January 2023) from £386.6 million the year prior.
Matchesfashion Saw Slight Revenue Drop in 2022
This week, luxury e-tailer Matchesfashion announced revenue dropped 1.68 percent to £380.1 million ($461.6 million) for the 2022 fiscal year (ending January 2023) from £386.6 million the year prior.
Luxury
Prada Reports Q3 Retail Sales Up 10 Percent
Prada Group’s revenues rose 17 percent excluding currency shifts to €3.3 billion in the first nine months of the year.
Prada Reports Q3 Retail Sales Up 10 Percent
Prada Group’s revenues rose 17 percent excluding currency shifts to €3.3 billion in the first nine months of the year.
Retail
VF Corp. Withdraws Annual Forecast Due to Slowing Demand; Vans Sales Down 21%
Shares were down 4 percent in extended trading after the company also reported a lower-than-expected second-quarter profit.
VF Corp. Withdraws Annual Forecast Due to Slowing Demand; Vans Sales Down 21%
Shares were down 4 percent in extended trading after the company also reported a lower-than-expected second-quarter profit.
Retail
What Is VF Corp.’s Plan for Vans and Its Other Struggling Brands?
Activist investors are demanding big changes at the fashion conglomerate, which also owns The North Face, Supreme, Timberland and other brands. The company will have a chance to lay out its own vision when it releases earnings this week.
What Is VF Corp.’s Plan for Vans and Its Other Struggling Brands?
Activist investors are demanding big changes at the fashion conglomerate, which also owns The North Face, Supreme, Timberland and other brands. The company will have a chance to lay out its own vision when it releases earnings this week.
Luxury
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Moncler Sales Seen Rising Despite Luxury Concerns
Italian luxury group Moncler is expected to post a healthy rise in quarterly sales thanks to a strong brand and despite the warmer weather, although growth will be slower than in the first half.
Luxury
Kering Lags Luxury Peers
Quarterly sales fell by 13 percent, with weakness at Saint Laurent and Balenciaga, as well as work-in-progress Gucci, as the group struggles to cope with slowing luxury demand.
Kering Lags Luxury Peers
Quarterly sales fell by 13 percent, with weakness at Saint Laurent and Balenciaga, as well as work-in-progress Gucci, as the group struggles to cope with slowing luxury demand.
Retail
Puma Sticks to Full-Year Profit Forecast Despite Q3 Earnings Drop
Puma stood by its full-year outlook on Tuesday and reported a stronger than expected third-quarter profit margin, reassuring investors and boosting its shares after a stronger euro dented the German sportswear brand’s quarterly earnings.
Puma Sticks to Full-Year Profit Forecast Despite Q3 Earnings Drop
Puma stood by its full-year outlook on Tuesday and reported a stronger than expected third-quarter profit margin, reassuring investors and boosting its shares after a stronger euro dented the German sportswear brand’s quarterly earnings.
Luxury
Hermès Defies Luxury Sector Gloom
Sales at the French leather goods powerhouse rose briskly in the third quarter, far surpassing expectations and outshining rivals.
Hermès Defies Luxury Sector Gloom
Sales at the French leather goods powerhouse rose briskly in the third quarter, far surpassing expectations and outshining rivals.
Luxury
How Bad Will the Luxury Slowdown Get?
Financial results from Kering and Hermès will confirm or counter warning signs about the spending of wealthy consumers. That, plus what else to watch for in the coming week.
How Bad Will the Luxury Slowdown Get?
Financial results from Kering and Hermès will confirm or counter warning signs about the spending of wealthy consumers. That, plus what else to watch for in the coming week.
Retail
Fast Retailing Reports Record $3 Billion in Annual Profit
A post-pandemic recovery in China and the yen’s slide helped boost the Uniqlo owner’s operating profit by 28 percent year on year.
Fast Retailing Reports Record $3 Billion in Annual Profit
A post-pandemic recovery in China and the yen’s slide helped boost the Uniqlo owner’s operating profit by 28 percent year on year.
Retail
Unpacking Birkenstock’s Underwhelming Public Debut
Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public.
Unpacking Birkenstock’s Underwhelming Public Debut
Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public.
The News in Brief
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.