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
G-III Apparel Beats 3Q Profit Forecasts
G-III Apparel Group Ltd. on Wednesday reported fiscal third-quarter earnings of $87.2 million. The results exceeded Wall Street expectations.
G-III Apparel Beats 3Q Profit Forecasts
G-III Apparel Group Ltd. on Wednesday reported fiscal third-quarter earnings of $87.2 million. The results exceeded Wall Street expectations.
Retail
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Teenage Wasteland: Can Wet Seal Be Saved?
At Wet Seal, new money, new leadership, old problems. Here's what chief executive Melanie Cox is doing about it.
Financial Markets
Lululemon Drops After FBR Cuts Rating, Citing Heavy Discounting
Lululemon Athletica Inc. tumbled as much as 7 percent after FBR & Co. downgraded the stock, saying the yogawear brand is facing a pileup in inventory and heavier discounting.
Lululemon Drops After FBR Cuts Rating, Citing Heavy Discounting
Lululemon Athletica Inc. tumbled as much as 7 percent after FBR & Co. downgraded the stock, saying the yogawear brand is facing a pileup in inventory and heavier discounting.
Financial Markets
Swatch to Start Selling Mobile Payment Watch in US in 2016
Swatch Group AG plans to start selling a timepiece that can make contactless payments in the US, Switzerland and Brazil early next year through an agreement with Visa Inc.
Swatch to Start Selling Mobile Payment Watch in US in 2016
Swatch Group AG plans to start selling a timepiece that can make contactless payments in the US, Switzerland and Brazil early next year through an agreement with Visa Inc.
Financial Markets
Guess Tops 3Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal third-quarter earnings of $12.4 million. The results beat Wall Street expectations.
Guess Tops 3Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal third-quarter earnings of $12.4 million. The results beat Wall Street expectations.
Financial Markets
Avon Shares Soar After Citigroup Points to Signs of Turnaround
Avon Products Inc.’s stock jumped as much as 28 percent, its biggest gain in more than four decades, after Citigroup Inc. raised its rating on the beleaguered cosmetics company.
Avon Shares Soar After Citigroup Points to Signs of Turnaround
Avon Products Inc.’s stock jumped as much as 28 percent, its biggest gain in more than four decades, after Citigroup Inc. raised its rating on the beleaguered cosmetics company.
Financial Markets
Tiffany Profit Trails Estimates as Strong Dollar Hurt Sales
Tiffany & Co. posted third-quarter profit that trailed analysts’ estimates and cut its forecast for earnings this year as the strong dollar weighs on revenue.
Tiffany Profit Trails Estimates as Strong Dollar Hurt Sales
Tiffany & Co. posted third-quarter profit that trailed analysts’ estimates and cut its forecast for earnings this year as the strong dollar weighs on revenue.
Financial Markets
Hugo Boss Says Sales Next Year Will Miss Forecast on US, China
Hugo Boss AG said sales next year will miss a long-term target of high single-digit growth as demand continues to slump in the US and China.
Hugo Boss Says Sales Next Year Will Miss Forecast on US, China
Hugo Boss AG said sales next year will miss a long-term target of high single-digit growth as demand continues to slump in the US and China.
Financial Markets
Retail Stocks Rally After Ross, Foot Locker Beat Sales Estimates
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
Retail Stocks Rally After Ross, Foot Locker Beat Sales Estimates
Retail stocks rallied on Friday after Ross Stores Inc., Abercrombie & Fitch Co. and Foot Locker Inc. reported better-than-expected sales, giving a boost to an industry that’s been battered in recent weeks.
Financial Markets
Abercrombie Shares Rise After Third-Quarter Sales Top Estimates
Abercrombie & Fitch Co. soared as much as 22 percent in early trading after third-quarter revenue topped analysts’ estimates, helped by rebounding sales at its Hollister unit.
Abercrombie Shares Rise After Third-Quarter Sales Top Estimates
Abercrombie & Fitch Co. soared as much as 22 percent in early trading after third-quarter revenue topped analysts’ estimates, helped by rebounding sales at its Hollister unit.
Financial Markets
Gap Cuts Annual Profit Forecast as Its Sales Continue to Slide
Gap Inc., the largest apparel-focused retailer in the US, cut its full-year profit forecast after declining sales and heavy discounting dragged down results.
Gap Cuts Annual Profit Forecast as Its Sales Continue to Slide
Gap Inc., the largest apparel-focused retailer in the US, cut its full-year profit forecast after declining sales and heavy discounting dragged down results.
Financial Markets
Perry Ellis Tops 3Q Profit Forecasts
Perry Ellis International Inc. on Thursday reported fiscal third-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
Perry Ellis Tops 3Q Profit Forecasts
Perry Ellis International Inc. on Thursday reported fiscal third-quarter net income of $2.3 million, after reporting a loss in the same period a year earlier.
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.