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
Technology
Tencent Revenue Disappoints in Warning for China Tech Sector
Tencent Holdings Ltd.’s revenue missed estimates, signalling an uneven recovery for the world’s biggest internet arena as it grapples with rising Chinese economic turbulence and anaemic consumer sentiment.
Tencent Revenue Disappoints in Warning for China Tech Sector
Tencent Holdings Ltd.’s revenue missed estimates, signalling an uneven recovery for the world’s biggest internet arena as it grapples with rising Chinese economic turbulence and anaemic consumer sentiment.
Retail
Target Sees Profit Boost on Fewer Discounts, Pride Backlash Hurts Sales
Target cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better-stocked store shelves.
Target Sees Profit Boost on Fewer Discounts, Pride Backlash Hurts Sales
Target cut its full-year sales and profit expectations even as its quarterly profit exceeded Wall Street estimates on Wednesday, benefiting from fewer discounts and better-stocked store shelves.
Retail
T.J. Maxx Parent Lifts Annual Forecast on Demand for Discounted Apparel
TJX Cos raised its outlook for fiscal 2024 on Wednesday, buoyed by steady sales of its discount apparel and accessories and an uptick in demand for home decor goods.
T.J. Maxx Parent Lifts Annual Forecast on Demand for Discounted Apparel
TJX Cos raised its outlook for fiscal 2024 on Wednesday, buoyed by steady sales of its discount apparel and accessories and an uptick in demand for home decor goods.
Beauty
Brazil’s Natura Sees Cash Boost Later in Year Following Q2 Loss
Brazilian cosmetics maker Natura & Co expects its accounts to improve in the second half of the year after a soft start to 2023, executives said on Tuesday, with a cash boost scheduled from the sale of its Aesop brand and strategic changes.
Brazil’s Natura Sees Cash Boost Later in Year Following Q2 Loss
Brazilian cosmetics maker Natura & Co expects its accounts to improve in the second half of the year after a soft start to 2023, executives said on Tuesday, with a cash boost scheduled from the sale of its Aesop brand and strategic changes.
Retail
Harrods Bounces Back After Pandemic Hit as Big Spenders Return to London
Profits at Harrods rose almost tenfold last year as big-spending tourists returned to London after the pandemic.
Harrods Bounces Back After Pandemic Hit as Big Spenders Return to London
Profits at Harrods rose almost tenfold last year as big-spending tourists returned to London after the pandemic.
Retail
Strong US Retail Sales Underscore Economy’s Resilience
US retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay.
Strong US Retail Sales Underscore Economy’s Resilience
US retail sales increased more than expected in July as Americans boosted online purchases and dined out more, suggesting the economy continued to expand early in the third quarter and keeping a recession at bay.
Retail
Running Brand On Says Strong Franc Is Weighing On Sales Growth
Swiss shoemaker On Holding AG said the strength of the franc will dampen its ability to fully capitalise on explosive growth in its US sneaker sales later this year.
Running Brand On Says Strong Franc Is Weighing On Sales Growth
Swiss shoemaker On Holding AG said the strength of the franc will dampen its ability to fully capitalise on explosive growth in its US sneaker sales later this year.
Retail
Pandora Lifts Outlook as Jeweller Pushes Lab-Grown Diamonds
Pandora A/S raised its revenue forecast on strong demand as the Danish jewellery chain expands sales of lab-grown diamonds, aiming to popularise the cheaper alternatives to mined gems.
Pandora Lifts Outlook as Jeweller Pushes Lab-Grown Diamonds
Pandora A/S raised its revenue forecast on strong demand as the Danish jewellery chain expands sales of lab-grown diamonds, aiming to popularise the cheaper alternatives to mined gems.
Retail
M&S Raises Profit Outlook After Strong Trading
British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply.
M&S Raises Profit Outlook After Strong Trading
British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply.
Direct-to-Consumer
Why Brand Awareness Is DTC’s New Challenge
Brands like Warby Parker, Allbirds and Olaplex have successfully slashed digital advertising costs. Now they need to figure out new ways to find customers.
Why Brand Awareness Is DTC’s New Challenge
Brands like Warby Parker, Allbirds and Olaplex have successfully slashed digital advertising costs. Now they need to figure out new ways to find customers.
Retail
Is Inflation Beaten? Depends on Where You Look
This week will bring more readings on consumer prices from Japan, the UK and Eurozone, plus a financial update from Tapestry, fresh off its acquisition of Capri. That, plus what else to watch for in the coming days.
Is Inflation Beaten? Depends on Where You Look
This week will bring more readings on consumer prices from Japan, the UK and Eurozone, plus a financial update from Tapestry, fresh off its acquisition of Capri. That, plus what else to watch for in the coming days.
Financial Markets
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
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.