Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
earnings
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.
Financial Markets
Birkenstock Could Break Fashion’s IPO Logjam
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
Birkenstock Could Break Fashion’s IPO Logjam
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
Beauty
Oddity Expects Third Quarter Results to Surpass Guidance
In a statement ahead of its third quarter earnings call on Oct. 3, Oddity Tech — the parent of makeup brand Il Makiage and skin care line Spoiled Child, which started trading on the Nasdaq in July — said it expects revenue for the third quarter ended Sept. 30 to rise 29 to 31 percent year-over-year, up from initial guidance of 18 to 23 percent.
Oddity Expects Third Quarter Results to Surpass Guidance
In a statement ahead of its third quarter earnings call on Oct. 3, Oddity Tech — the parent of makeup brand Il Makiage and skin care line Spoiled Child, which started trading on the Nasdaq in July — said it expects revenue for the third quarter ended Sept. 30 to rise 29 to 31 percent year-over-year, up from initial guidance of 18 to 23 percent.
Retail
Nike Beats Profit Estimates as Higher Pricing Pays Off
Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures.
Nike Beats Profit Estimates as Higher Pricing Pays Off
Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning demand and persistent cost pressures.
Retail
H&M Blames Warm Weather for September Sales Slide
H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10 percent year-on-year measured in local currencies.
H&M Blames Warm Weather for September Sales Slide
H&M, whose biggest rival is Zara owner Inditex, said September sales would be down 10 percent year-on-year measured in local currencies.
Retail
US Retailers’ Financial Losses Jump as Retail Crime Escalates
Organised crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing US retailers.
US Retailers’ Financial Losses Jump as Retail Crime Escalates
Organised crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing US retailers.
Retail
UK Fashion Retailer Asos Expects Profit at Low End of Guidance as Overhaul Falters
British online fashion retailer Asos reported a 15 percent fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan.
UK Fashion Retailer Asos Expects Profit at Low End of Guidance as Overhaul Falters
British online fashion retailer Asos reported a 15 percent fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was making progress with its turnaround plan.
Retail
JD Sports Sees Air Force Ones, Gazelle Sneakers Driving Profits Higher
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5 percent.
JD Sports Sees Air Force Ones, Gazelle Sneakers Driving Profits Higher
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5 percent.
Retail
Next Raises Profit Outlook Again and Says Prices Could Fall in Spring
Next has raised its full-year profit expectations for the third time in four months and signalled that prices could start to fall next spring for the first time in at least two years.
Next Raises Profit Outlook Again and Says Prices Could Fall in Spring
Next has raised its full-year profit expectations for the third time in four months and signalled that prices could start to fall next spring for the first time in at least two years.
Retail
Pandora Sees ‘Christmas Every Day’ With Lab-Grown Diamond Demand
Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth.
Pandora Sees ‘Christmas Every Day’ With Lab-Grown Diamond Demand
Pandora A/S has found the sweet spot to seize on rising demand for lab-grown diamonds in the US and other markets, the company’s chief executive officer said, positioning it for long-term growth.
Retail
Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO
German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday.
Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO
German premium footwear maker, Birkenstock Holding’s revenue jumped 21 percent in the nine months that ended June 30, it said in updated paperwork for a U.S. stock market listing on Friday.
Retail
H&M’s Quarterly Sales Stagnate as It Feels Heat of Competition
H&M reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.
H&M’s Quarterly Sales Stagnate as It Feels Heat of Competition
H&M reported on Friday flat sales for its most recent quarter, lagging expectations as the world’s second-biggest fashion retailer struggled in the face of intense competition from Zara-owner Inditex and others.
The News in Brief
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.
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.