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
L Brands Tops 3Q Profit Forecasts
L Brands Inc. on Wednesday reported fiscal third-quarter net income of $164 million. The results surpassed Wall Street expectations.
L Brands Tops 3Q Profit Forecasts
L Brands Inc. on Wednesday reported fiscal third-quarter net income of $164 million. The results surpassed Wall Street expectations.
Financial Markets
Mr Price Slides as Profit Growth Slows on Weaker Consumer Spend
Mr Price Group Ltd., a South African clothing and household goods retailer, said first-half profit and sales rose at a slower pace than a year earlier as consumer spending remained muted amid high unemployment and an economic slowdown.
Mr Price Slides as Profit Growth Slows on Weaker Consumer Spend
Mr Price Group Ltd., a South African clothing and household goods retailer, said first-half profit and sales rose at a slower pace than a year earlier as consumer spending remained muted amid high unemployment and an economic slowdown.
Financial Markets
Target Raises Earnings Forecast after Profit Rises
Target Corp. reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Target Raises Earnings Forecast after Profit Rises
Target Corp. reported a bigger-than-expected increase in quarterly profit as revenue got a boost from online sales and strong growth in product categories at the centre of its turnaround plan.
Financial Markets
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
TJX Same-Store Sales Top Estimates as Shoppers Hunt for Deals
TJX Cos Inc reported a bigger-than-expected rise in quarterly comparable store sales as more bargain-hungry shoppers visited its stores for apparel, accessories and home goods.
Financial Markets
Urban Outfitters Meets 3Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million. The results met Wall Street expectations.
Urban Outfitters Meets 3Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal third-quarter earnings of $52 million. The results met Wall Street expectations.
Financial Markets
J.C. Penney Sales Beat Estimates, Helped by Sephora
J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.
J.C. Penney Sales Beat Estimates, Helped by Sephora
J.C. Penney Co Inc reported better-than-expected quarterly net sales on Friday, helped by demand for home products and footwear and a strong performance by the Sephora beauty shops in its stores.
Financial Markets
Higher Spend on Essentials, Online Bargains Hit US Department Stores
Trouble at Nordstrom may indicate a permanent shift in the way people shop and what they buy, analysts said.
Higher Spend on Essentials, Online Bargains Hit US Department Stores
Trouble at Nordstrom may indicate a permanent shift in the way people shop and what they buy, analysts said.
Financial Markets
Ferragamo Falls After Signaling Sales, Profit May Miss Estimates
Salvatore Ferragamo SpA fell as much as 8.1 percent after the Italian luxury shoemaker said full-year sales and profit may miss analysts’ estimates amid weak demand in the US and Hong Kong.
Ferragamo Falls After Signaling Sales, Profit May Miss Estimates
Salvatore Ferragamo SpA fell as much as 8.1 percent after the Italian luxury shoemaker said full-year sales and profit may miss analysts’ estimates amid weak demand in the US and Hong Kong.
Financial Markets
Nordstrom Misses Street 3Q Forecasts
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $81 million. The results missed Wall Street expectations.
Nordstrom Misses Street 3Q Forecasts
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $81 million. The results missed Wall Street expectations.
Financial Markets
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Fossil Group Tops 3Q Profit Forecasts
Fossil Group Inc. on Thursday reported third-quarter earnings of $57.5 million. The results surpassed Wall Street expectations.
Financial Markets
Burberry, Hermès Signal US Slowdown on Heels of Asian Slump
Hermès International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.
Burberry, Hermès Signal US Slowdown on Heels of Asian Slump
Hermès International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.
Financial Markets
Kohl’s Rises After Third-Quarter Profit Tops Analysts’ Estimates
Kohl’s Corp. rose as much as 11 percent in early trading after posting third-quarter profit and sales that topped analysts’ estimates.
Kohl’s Rises After Third-Quarter Profit Tops Analysts’ Estimates
Kohl’s Corp. rose as much as 11 percent in early trading after posting third-quarter profit and sales that topped analysts’ estimates.
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.