John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
finance
Financial Markets
L'Oreal Says Sales Growth to Accelerate in H2
French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.
L'Oreal Says Sales Growth to Accelerate in H2
French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.
Financial Markets
Avon Tops Street 2Q Forecasts
Avon Products Inc. on Thursday reported second-quarter profit of $28.8 million. The results exceeded Wall Street expectations.
Avon Tops Street 2Q Forecasts
Avon Products Inc. on Thursday reported second-quarter profit of $28.8 million. The results exceeded Wall Street expectations.
Financial Markets
Revlon Posts 2Q Profit
Revlon Inc. on Wednesday reported second-quarter earnings of $26 million.
Revlon Posts 2Q Profit
Revlon Inc. on Wednesday reported second-quarter earnings of $26 million.
Financial Markets
Skechers Rises After Overseas Sales Help Profit Beat Estimates
Skechers USA Inc. surged in late trading after second-quarter sales and profit beat analysts’ estimates, helped by new products and robust overseas growth.
Skechers Rises After Overseas Sales Help Profit Beat Estimates
Skechers USA Inc. surged in late trading after second-quarter sales and profit beat analysts’ estimates, helped by new products and robust overseas growth.
Financial Markets
Quiksilver Said to Hire Restructuring Adviser Peter J. Solomon
Quiksilver Inc. hired restructuring adviser Peter J. Solomon Co. to help it find financing as the surf-wear chain struggles to turn itself around in a crowded teen-apparel business.
Quiksilver Said to Hire Restructuring Adviser Peter J. Solomon
Quiksilver Inc. hired restructuring adviser Peter J. Solomon Co. to help it find financing as the surf-wear chain struggles to turn itself around in a crowded teen-apparel business.
Financial Markets
LVMH Rises After Biggest Profit Boost Since 2012
LVMH Moet Hennessy Louis Vuitton SE rose in Paris trading after the world’s largest luxury-goods maker reported its strongest earnings increase in three years.
LVMH Rises After Biggest Profit Boost Since 2012
LVMH Moet Hennessy Louis Vuitton SE rose in Paris trading after the world’s largest luxury-goods maker reported its strongest earnings increase in three years.
Financial Markets
LVMH Earnings Surge as Leather Goods Sales Accelerate
LVMH Moet Hennessy Louis Vuitton SE reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth.
LVMH Earnings Surge as Leather Goods Sales Accelerate
LVMH Moet Hennessy Louis Vuitton SE reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth.
Financial Markets
Next Increases Full-Year Outlook as Warm Weather Boosts Sales
Next Plc, the UK’s second-largest clothing retailer, increased its outlook for full-year sales and profit after first-half revenue exceeded expectations.
Next Increases Full-Year Outlook as Warm Weather Boosts Sales
Next Plc, the UK’s second-largest clothing retailer, increased its outlook for full-year sales and profit after first-half revenue exceeded expectations.
Financial Markets
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Financial Markets
Kering Earnings Beat Estimates as Gucci Label Returns to Growth
Kering SA reported first-half earnings that beat analysts’ estimates as sales at the Gucci luxury label grew for the first time in almost two years.
Kering Earnings Beat Estimates as Gucci Label Returns to Growth
Kering SA reported first-half earnings that beat analysts’ estimates as sales at the Gucci luxury label grew for the first time in almost two years.
Financial Markets
Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism
Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month.
Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism
Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month.
Financial Markets
Amazon Surpasses Wal-Mart as Biggest Retailer by Market Value
Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world’s biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company’s stock into record territory.
Amazon Surpasses Wal-Mart as Biggest Retailer by Market Value
Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world’s biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company’s stock into record territory.
The News in Brief
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.