On Sneaker Brand’s Shares Slump After Sales Disappoint
The Swiss brand's stock tumbled after it posted disappointing second-quarter sales and issued a slightly more cautious sales forecast for the year.
finance
Financial Markets
Puma Shares Rise as Sales Exceed Estimates
Puma SE reported sales and profit that topped analysts’ estimates as consumers bought its Boost running shoes and Evo Power cleats.
Puma Shares Rise as Sales Exceed Estimates
Puma SE reported sales and profit that topped analysts’ estimates as consumers bought its Boost running shoes and Evo Power cleats.
Financial Markets
How Do Independent Magazines Make Money?
A number of independent fashion magazines are leading a so-called ‘print renaissance’ in an increasingly digital world. How are they making it work?
How Do Independent Magazines Make Money?
A number of independent fashion magazines are leading a so-called ‘print renaissance’ in an increasingly digital world. How are they making it work?
Financial Markets
Under Armour Tops Earnings Estimates After Footwear Lifts Sales
Under Armour Inc. posted second-quarter earnings that topped analysts’ estimates after its push into footwear and other new products helped fuel sales.
Under Armour Tops Earnings Estimates After Footwear Lifts Sales
Under Armour Inc. posted second-quarter earnings that topped analysts’ estimates after its push into footwear and other new products helped fuel sales.
Financial Markets
Apple Plunge Erases $38 Billion as Product Concern Resurfaces
Apple Inc. shares tumbled, wiping out $38 billion in market value, after disappointing iPhone sales rekindled concerns over whether the company can keep making must-have products.
Apple Plunge Erases $38 Billion as Product Concern Resurfaces
Apple Inc. shares tumbled, wiping out $38 billion in market value, after disappointing iPhone sales rekindled concerns over whether the company can keep making must-have products.
Financial Markets
Burberry to Review Hong Kong Store Network as Slump Deepens
Burberry Group Plc said it may try to lower its rent bill in Hong Kong to offset a worsening slump there that drove sales growth to a two-year low.
Burberry to Review Hong Kong Store Network as Slump Deepens
Burberry Group Plc said it may try to lower its rent bill in Hong Kong to offset a worsening slump there that drove sales growth to a two-year low.
Financial Markets
Burberry Sales Growth Hit by Weakening Demand
Trench coat maker Burberry is reporting slowing sales amid weakening demand in Asia and a volatile American market.
Burberry Sales Growth Hit by Weakening Demand
Trench coat maker Burberry is reporting slowing sales amid weakening demand in Asia and a volatile American market.
Financial Markets
Pathos? Greek Crisis and Chinese Stock Market Drama Hit Luxury Sector
The latest chapter in Greece's debt crisis, combined with further signs of slowdown in China, has led to a minor flight from the luxury goods sector, thus concerning investors again.
Pathos? Greek Crisis and Chinese Stock Market Drama Hit Luxury Sector
The latest chapter in Greece's debt crisis, combined with further signs of slowdown in China, has led to a minor flight from the luxury goods sector, thus concerning investors again.
Financial Markets
AB Foods Reports Higher Primark Sales as Clothing Chain Expands
Associated British Foods Plc reported higher clothing sales as expansion of the low-cost Primark chain offset adverse currency shifts.
AB Foods Reports Higher Primark Sales as Clothing Chain Expands
Associated British Foods Plc reported higher clothing sales as expansion of the low-cost Primark chain offset adverse currency shifts.
Financial Markets
Fast Retailing 9-Month Profit Surges 52% on Uniqlo Sales
Fast Retailing Co.’s profit increased 52 percent in the nine months ending May as Uniqlo sales grew in Japan, boosted by the popularity of new products such as a hoodie that protects against the sun.
Fast Retailing 9-Month Profit Surges 52% on Uniqlo Sales
Fast Retailing Co.’s profit increased 52 percent in the nine months ending May as Uniqlo sales grew in Japan, boosted by the popularity of new products such as a hoodie that protects against the sun.
Financial Markets
Nike Exceeds Profit Estimates on New Products and Athleisure Trend
Nike Inc.’s fourth-quarter profit topped analysts’ estimates, helped by new product releases and strong sales growth in North America, its largest market.
Nike Exceeds Profit Estimates on New Products and Athleisure Trend
Nike Inc.’s fourth-quarter profit topped analysts’ estimates, helped by new product releases and strong sales growth in North America, its largest market.
Financial Markets
Prada Profit Tumbles as Luxury-Goods Maker Struggles in China
Prada SpA reported first-quarter profit that trailed analysts’ estimates as the Italian fashion house struggled to reverse a slump in sales in China.
Prada Profit Tumbles as Luxury-Goods Maker Struggles in China
Prada SpA reported first-quarter profit that trailed analysts’ estimates as the Italian fashion house struggled to reverse a slump in sales in China.
Financial Markets
Abercrombie Gains as Analyst Sees Growing Faith in Sales Rebound
Abercrombie & Fitch Co. shares gained as much as 6.9 percent after a Susquehanna Financial Group analyst said there was increasing confidence that sales will bounce back this year.
Abercrombie Gains as Analyst Sees Growing Faith in Sales Rebound
Abercrombie & Fitch Co. shares gained as much as 6.9 percent after a Susquehanna Financial Group analyst said there was increasing confidence that sales will bounce back this year.
The News in Brief
Natura Posts 92% Decline in Quarterly Profit
Brazilian cosmetic maker Natura on Monday posted a second-quarter net profit of 35 million reais ($6.85 million), a 92.1 percent decline from the same period in 2025.
Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline
Citing company sources, Italian newspaper Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.
Shein to Launch IPO as Soon as August 19, Sources Say
The Hong Kong IPO could take place as soon as Wednesday of next week, two people with knowledge of the matter said on Tuesday.
John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
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.