Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
finance
Financial Markets
Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump
Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.
Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump
Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.
Financial Markets
Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop
Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.
Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop
Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.
Financial Markets
Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth
Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.
Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth
Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.
Financial Markets
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns
Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.
Financial Markets
Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits
Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.
Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits
Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.
Financial Markets
Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel
Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.
Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel
Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.
Financial Markets
Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total
Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.
Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total
Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.
Financial Markets
Pandora Third-Quarter Earnings Miss Estimates on US Slowdown
Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.
Pandora Third-Quarter Earnings Miss Estimates on US Slowdown
Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.
Financial Markets
Macy’s, Kohl’s Tumble After Citigroup Warns of ‘Tough Quarter’
Shares of Macy’s Inc. and Kohl’s Corp. declined after Citigroup Inc. cut its earnings estimates for the companies, saying the industry is suffering from a sales slowdown and inventory glut.
Macy’s, Kohl’s Tumble After Citigroup Warns of ‘Tough Quarter’
Shares of Macy’s Inc. and Kohl’s Corp. declined after Citigroup Inc. cut its earnings estimates for the companies, saying the industry is suffering from a sales slowdown and inventory glut.
Financial Markets
Puma Earnings Top Estimates on Running and Training Shoe Sales
Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.
Puma Earnings Top Estimates on Running and Training Shoe Sales
Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.
Financial Markets
Richemont Earnings Miss Analyst Estimates on Weak Watch Demand
Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.
Richemont Earnings Miss Analyst Estimates on Weak Watch Demand
Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.
Financial Markets
Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs
Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.
Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs
Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.