Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
finance
Financial Markets
Neiman Marcus Same-Store Sales Falls for First Time in Six Years
Neiman Marcus Group Ltd LLC swung to a quarterly loss from a profit a year ago and reported its first drop in same-store sales in six years, the latest blip in the company's roadmap to going public again.
Neiman Marcus Same-Store Sales Falls for First Time in Six Years
Neiman Marcus Group Ltd LLC swung to a quarterly loss from a profit a year ago and reported its first drop in same-store sales in six years, the latest blip in the company's roadmap to going public again.
Financial Markets
Saks Woes Send Hudson’s Bay Tumbling After Third-Quarter Loss
Department-store operator Hudson’s Bay Co. fell the most in more than three months after posting an unexpected third-quarter loss, hurt by reduced spending from tourists at its Saks Fifth Avenue chain.
Saks Woes Send Hudson’s Bay Tumbling After Third-Quarter Loss
Department-store operator Hudson’s Bay Co. fell the most in more than three months after posting an unexpected third-quarter loss, hurt by reduced spending from tourists at its Saks Fifth Avenue chain.
Financial Markets
Sports Direct Tumbles as Stagnant Sales Raise Strategy Doubts
Sports Direct International Plc shares fell the most in more than four years after sales growth stagnated, raising concern that the retailer’s own brands are losing out to exclusive labels from Nike Inc. and Adidas AG.
Sports Direct Tumbles as Stagnant Sales Raise Strategy Doubts
Sports Direct International Plc shares fell the most in more than four years after sales growth stagnated, raising concern that the retailer’s own brands are losing out to exclusive labels from Nike Inc. and Adidas AG.
Financial Markets
Mulberry Ekes Out Profit as New Creative Head Coca Settles in
Mulberry Group Plc said its revival remains on track after digital investment and more efficient practices at its UK factories helped the handbag maker swing to a first-half profit.
Mulberry Ekes Out Profit as New Creative Head Coca Settles in
Mulberry Group Plc said its revival remains on track after digital investment and more efficient practices at its UK factories helped the handbag maker swing to a first-half profit.
Financial Markets
Inditex Nine-Month Earnings Rise as Spanish Consumption Rebounds
Inditex SA, the world’s largest clothing retailer, reported a 20 percent gain in nine-month profit boost as Spanish consumption recovered after years of austerity.
Inditex Nine-Month Earnings Rise as Spanish Consumption Rebounds
Inditex SA, the world’s largest clothing retailer, reported a 20 percent gain in nine-month profit boost as Spanish consumption recovered after years of austerity.
Financial Markets
Uniqlo Operator Fast Retailing Prepares $2 Billion Bond Sale
Billionaire Tadashi Yanai’s Fast Retailing Co., operator of the Uniqlo apparel brand, is preparing to sell as much as 250 billion yen ($2 billion) of bonds next week in its first public debt offering.
Uniqlo Operator Fast Retailing Prepares $2 Billion Bond Sale
Billionaire Tadashi Yanai’s Fast Retailing Co., operator of the Uniqlo apparel brand, is preparing to sell as much as 250 billion yen ($2 billion) of bonds next week in its first public debt offering.
Financial Markets
Gap Sales at Established Stores Slide 8 Percent in November
Gap's struggles continued in November, with sales at established stores sliding a worse-than-expected 8 percent.
Gap Sales at Established Stores Slide 8 Percent in November
Gap's struggles continued in November, with sales at established stores sliding a worse-than-expected 8 percent.
Financial Markets
Mall Retailers Tumble on Fresh Concerns About Apparel Demand
Shares of Aeropostale Inc., Express Inc. and American Eagle Outfitters Inc. all tumbled on Thursday after earnings results renewed concerns that the market is in a slump.
Mall Retailers Tumble on Fresh Concerns About Apparel Demand
Shares of Aeropostale Inc., Express Inc. and American Eagle Outfitters Inc. all tumbled on Thursday after earnings results renewed concerns that the market is in a slump.
Financial Markets
Fast Retailing Hits Two-Week Low as Warm Winter Hurt Japan Sales
Fast Retailing Co. fell to the lowest in two weeks after its Uniqlo chain of casual-wear reported a dip in Japanese same-store sales last month amid “unusually hot weather” that stifled sales of winter clothing.
Fast Retailing Hits Two-Week Low as Warm Winter Hurt Japan Sales
Fast Retailing Co. fell to the lowest in two weeks after its Uniqlo chain of casual-wear reported a dip in Japanese same-store sales last month amid “unusually hot weather” that stifled sales of winter clothing.
Financial Markets
PVH Beats 3Q Profit Forecasts
PVH Corp. on Wednesday reported fiscal third-quarter profit of $221.9 million. The results beat Wall Street expectations.
PVH Beats 3Q Profit Forecasts
PVH Corp. on Wednesday reported fiscal third-quarter profit of $221.9 million. The results beat Wall Street expectations.
Financial Markets
Aeropostale Reports 3Q Loss
Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter. The results topped Wall Street expectations.
Aeropostale Reports 3Q Loss
Aeropostale Inc. on Wednesday reported a loss of $26.4 million in its fiscal third quarter. The results topped Wall Street expectations.
Financial Markets
Short Sellers Shopped for Macy's Stock Ahead of Black Friday
Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macy's heading into Black Friday.
Short Sellers Shopped for Macy's Stock Ahead of Black Friday
Short sellers shopping for overpriced stocks snapped up shares of beleaguered department store Macy's heading into Black Friday.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.