Ralph Lauren forecasted current-quarter sales largely below Wall Street expectations as demand for its pricey sweaters, shirts and outdoor wear tapers amid a broad slowdown in US luxury spending.
Ralph Lauren forecasted current-quarter sales largely below Wall Street expectations as demand for its pricey sweaters, shirts and outdoor wear tapers amid a broad slowdown in US luxury spending.
The RealReal and ThredUp are both eyeing at least EBITDA breakeven by 2024.
The RealReal and ThredUp are both eyeing at least EBITDA breakeven by 2024.
Warby Parker reported another quarter of growing sales and profit. The eyewear maker’s revenue grew 11 percent to $166 million in the second quarter of the year, and it generated $14 million in adjusted earnings before interest, taxes, depreciation and amortisation, up from $6 million a year earlier.
Warby Parker reported another quarter of growing sales and profit. The eyewear maker’s revenue grew 11 percent to $166 million in the second quarter of the year, and it generated $14 million in adjusted earnings before interest, taxes, depreciation and amortisation, up from $6 million a year earlier.
Allbirds on Tuesday reported a smaller-than-expected revenue dip in the second quarter. The company’s sales fell 10 percent year over year to $71 million.
Allbirds on Tuesday reported a smaller-than-expected revenue dip in the second quarter. The company’s sales fell 10 percent year over year to $71 million.
Under Armour posted a surprise first-quarter profit and beat sales expectations on Tuesday, as cost pressures eased and higher discounts upheld demand for the sportswear maker’s clothes and footwear.
Under Armour posted a surprise first-quarter profit and beat sales expectations on Tuesday, as cost pressures eased and higher discounts upheld demand for the sportswear maker’s clothes and footwear.
Olaplex Holdings Inc. shares sank in early trading after the haircare company cut its full-year sales guidance amid weak demand.
Olaplex Holdings Inc. shares sank in early trading after the haircare company cut its full-year sales guidance amid weak demand.
Struggling British fashion brand Superdry said on Monday it has secured additional funding of up to £25 million ($32 million) from restructuring specialist Hilco Capital but faces paying interest of just under 16 percent.
Struggling British fashion brand Superdry said on Monday it has secured additional funding of up to £25 million ($32 million) from restructuring specialist Hilco Capital but faces paying interest of just under 16 percent.
The extreme and deadly weather experienced around much of the world in July got little mention on big brands’ earnings calls, signalling that investors and executives still aren’t treating climate as an immediate business risk.
The extreme and deadly weather experienced around much of the world in July got little mention on big brands’ earnings calls, signalling that investors and executives still aren’t treating climate as an immediate business risk.
This week, Ralph Lauren and Michael Kors owner Capri report financial results, and likely clues to how well-off, but not that well-off, consumers are spending their money. That, plus what else to watch for in the coming week.
This week, Ralph Lauren and Michael Kors owner Capri report financial results, and likely clues to how well-off, but not that well-off, consumers are spending their money. That, plus what else to watch for in the coming week.
After 18 months of hardly any listings on the equity market, a number of fashion brands are now eyeing public offerings in the coming months. A full recovery, however, is yet to be in sight.
After 18 months of hardly any listings on the equity market, a number of fashion brands are now eyeing public offerings in the coming months. A full recovery, however, is yet to be in sight.
American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above the prior forecast, sending its shares up 6 percent in premarket trade.
American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above the prior forecast, sending its shares up 6 percent in premarket trade.
Canada Goose Holdings forecast current-quarter sales below Wall Street estimates on Thursday due to choppy US demand, taking the shine off of upbeat first-quarter results driven by a rebound in China and sending its shares down 7 percent.
Canada Goose Holdings forecast current-quarter sales below Wall Street estimates on Thursday due to choppy US demand, taking the shine off of upbeat first-quarter results driven by a rebound in China and sending its shares down 7 percent.
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.’
Master perfumer and founder Roja Dove will remain with the brand in a new consultancy role.
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
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.
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
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.
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
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.