Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
earnings
Retail
Puma Confirms Full-Year Outlook, Flags Market Volatility
The German sportswear maker reiterated its full-year operating result and sales outlook, after what it said was the best third quarter in its history.
Retail
Nike Skids After Warning on Squeeze From Higher Discounts, Stronger Dollar
Nike Inc cautioned on Thursday that gross margins would remain under pressure through the year as the world’s largest sportswear maker joined peers in warning of a blow from ramped up discounts and a rapidly strengthening dollar.
Retail
H&M to Cut Costs as Profits Hit by Inflation, Cautious Shoppers
H&M launched a 2 billion Swedish crown ($177 million) cost savings drive on Thursday after reporting weaker-than-expected profits due to soaring input costs, slowing consumer spending and its exit from Russia.
Retail
Next Cuts Profit Forecast as Shoppers Feel the Squeeze
Next, which trades from about 500 stores and online, said it now expected full price sales in its second half of its financial year to fall 1.5 percent, and a full year pretax profit of £840 million ($905 million), up 2.1 percent versus 2021-22.
Retail
Boohoo Cuts Outlook as Consumers Rein In Spending
British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a 58 percent fall in first-half core earnings.
Retail
JD Sports Cautious on Outlook as Cost Pressures Weigh
The company’s comments come amid soaring energy and other costs in Britain, with fashion retailers Primark and Asos all warning about profits.
Beauty
Brazil’s Natura Denies Plan to Spin-Off, Sell Companies
In a securities filing, the group said it is not “conducting any study about a possible spinoff” or sale of its companies.
Retail
H&M Sales Miss Estimates as Retailer Falls Behind Rival Zara
Revenue dropped 4 percent excluding currency shifts in the three months through August, the Swedish retailer said Thursday.
Luxury
Report: Prada CEO Says No Decision Yet on Dual Listing in Milan
“No decision has been taken” on a secondary listing in Milan, Bertelli said in an interview with Italian daily newspaper Il Corriere della Sera.
Retail
THG’s Full Year Core Earnings Miss Warning Sends Shares to Record Low
Adjusted core earnings for the six months ended June for the company, which also has beauty and nutrition units, slumped 60 percent to £32.3 million.
Retail
Inditex’s First Half Sales Surge Ahead of Potential Slowdown
In the first set of results since its founder’s daughter, Marta Ortega, took over as new non-executive chairman, the company said revenue for the period rose to €14.84 billion ($14.82 billion) from €11.9 billion a year earlier.
Retail
Rent the Runway Tumbles After Unexpected Drop in Subscribers
The fashion rental company's shares fell 24 percent in post close trading after the company reported an unexpected decline in subscribers and said it was laying off staff as part of a restructuring plan.
The News in Brief
Sycamore Said to Near Deal to Sell Boots
The private equity firm is nearing a deal, valued at $9 billion, to sell the UK health and beauty retail business to the Canadian branch of the billionaire Weston family, a source told Bloomberg.
Pandora Opens World’s Largest Jewellery Factory in Vietnam
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.
Luca de Meo Says Italy Remains Key, Rules Out Production Shift
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
H&M, Adidas and Inditex Back New Effort to Address ‘Waste Colonialism’
The new initiative will explore how the industry can take responsibility for the millions of used and unsold garments exported to secondhand markets around the world.
Dyson’s $499 AI Toothbrush Sees Rocky Debut
The UK firm blamed a production error resulting in ‘water seepage’ for the disappearance of its newly launched camera-equipped toothbrush from stores.
Sephora to Launch at Marks & Spencer
‘Sephora at M&S’ will roll out in M&S stores and online starting next spring, with plans to expand to 100 locations by the end of 2028.
Novo Buys Rights to Early Obesity Pill For $2.6 Billion
The Wegovy maker has signed a deal to license an experimental obesity pill from China’s Jiangsu Hengrui Pharmaceuticals as it seeks to regain share of the global GLP-1 market.