Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
earnings
Retail
Foot Locker Plummets, Drags Down Peers, on Forecast Cut
Shares of Foot Locker cratered over 30 percent in premarket trading on Wednesday and dragged down those of its rivals after the retailer lowered its annual forecasts as it reels from weaker consumer demand in the face of still-high inflation.
Foot Locker Plummets, Drags Down Peers, on Forecast Cut
Shares of Foot Locker cratered over 30 percent in premarket trading on Wednesday and dragged down those of its rivals after the retailer lowered its annual forecasts as it reels from weaker consumer demand in the face of still-high inflation.
Retail
Kohl’s Beats Expectations as Inventory Levels Improve
Kohl’s Corp. profit topped estimates as inventory levels fell, suggesting the retailer’s efforts to clear excess merchandise are working.
Kohl’s Beats Expectations as Inventory Levels Improve
Kohl’s Corp. profit topped estimates as inventory levels fell, suggesting the retailer’s efforts to clear excess merchandise are working.
Retail
Abercrombie Shares Soar After Boosting Full-Year Outlook
Abercrombie & Fitch Co. soared after hiking its full-year guidance, a sign that some teens and young millennials are still eager to spend if the styles and prices are right.
Abercrombie Shares Soar After Boosting Full-Year Outlook
Abercrombie & Fitch Co. soared after hiking its full-year guidance, a sign that some teens and young millennials are still eager to spend if the styles and prices are right.
Retail
Nike Eyes Record Losing Streak on China Concern, Inventory Woes
Nike Inc. shares are on track to suffer a record streak of losses as concern over China’s sluggish consumer recovery builds, and elevated merchandise stockpiles continue to weigh on profitability across the activewear industry.
Nike Eyes Record Losing Streak on China Concern, Inventory Woes
Nike Inc. shares are on track to suffer a record streak of losses as concern over China’s sluggish consumer recovery builds, and elevated merchandise stockpiles continue to weigh on profitability across the activewear industry.
Retail
Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.
Macy’s Falls as Markdowns to Clear Inventory Cut Into Sales
Macy’s Inc. comparable sales beat analyst expectations, but a significant drop from a year ago shows that department store customers are pulling back on purchases.
Beauty
Coty Flags Lower-Than-Expected Profits, Citing Rising Costs
CoverGirl parent Coty forecast annual profit below Wall Street expectations on Tuesday, signalling a hit from steeper input expenses in the first half of the year, and said it would raise product prices as it battles higher costs and a strong dollar.
Coty Flags Lower-Than-Expected Profits, Citing Rising Costs
CoverGirl parent Coty forecast annual profit below Wall Street expectations on Tuesday, signalling a hit from steeper input expenses in the first half of the year, and said it would raise product prices as it battles higher costs and a strong dollar.
Retail
Dick’s Sporting Goods Claims Retail Theft Lowered Profits
Dick’s Sporting Goods saw reduced profits in the second quarter of the year, blaming an increase in retail theft, also called “shrink” or “shrinkage” in the retail industry.
Dick’s Sporting Goods Claims Retail Theft Lowered Profits
Dick’s Sporting Goods saw reduced profits in the second quarter of the year, blaming an increase in retail theft, also called “shrink” or “shrinkage” in the retail industry.
Retail
The Most Resilient Category in Retail
While the rest of fashion contends with uneven demand, off-price chains like T.J.Maxx and Ross Stores have proved to be a bright spot.
The Most Resilient Category in Retail
While the rest of fashion contends with uneven demand, off-price chains like T.J.Maxx and Ross Stores have proved to be a bright spot.
Beauty
Estée Lauder Forecasts Weak Annual Profit on Slow Recovery in Asia Travel Retail
Estee Lauder projected annual sales and profit below estimates on Friday, signalling a slower-than-expected recovery in its travel retail business, mainly in Asia, and easing demand in the United States.
Estée Lauder Forecasts Weak Annual Profit on Slow Recovery in Asia Travel Retail
Estee Lauder projected annual sales and profit below estimates on Friday, signalling a slower-than-expected recovery in its travel retail business, mainly in Asia, and easing demand in the United States.
Retail
Unpacking Farfetch’s Big Sales Miss
Farfetch reported disappointing sales and lowered its outlook for the rest of the year. Its own brands, including Off-White and a Reebok license, were hardest hit.
Unpacking Farfetch’s Big Sales Miss
Farfetch reported disappointing sales and lowered its outlook for the rest of the year. Its own brands, including Off-White and a Reebok license, were hardest hit.
Beauty
Estée Lauder Is Falling Behind Rivals Like L’Oréal, Even on Its Home Turf
The company’s sluggish sales in Asia and supply-chain missteps have left it trailing behind the French beauty giant.
Estée Lauder Is Falling Behind Rivals Like L’Oréal, Even on Its Home Turf
The company’s sluggish sales in Asia and supply-chain missteps have left it trailing behind the French beauty giant.
Luxury
Coach Parent Tapestry Forecasts Weak 2024 on Soft US Demand
Coach parent Tapestry, which agreed to buy Capri last week, forecast fiscal 2024 profit and sales below estimates on Thursday after waning US demand for its luxury handbags hurt fourth-quarter results.
Coach Parent Tapestry Forecasts Weak 2024 on Soft US Demand
Coach parent Tapestry, which agreed to buy Capri last week, forecast fiscal 2024 profit and sales below estimates on Thursday after waning US demand for its luxury handbags hurt fourth-quarter results.
The News in Brief
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
Luxury Perfume Line Roja London Acquired by Extravaganza Beauty
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
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.