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
Inditex Q1 Net Jumps as Zara Owner Adds More Stores
Inditex SA said first-quarter profit jumped 28 percent, the fastest growth pace in more than two years as the Zara owner opened more stores and benefited from the weak euro.
Inditex Q1 Net Jumps as Zara Owner Adds More Stores
Inditex SA said first-quarter profit jumped 28 percent, the fastest growth pace in more than two years as the Zara owner opened more stores and benefited from the weak euro.
Financial Markets
Quiksilver Reports 2Q Loss
Quiksilver Inc. on Tuesday reported a loss of $37.6 million in its fiscal second quarter. The results missed Wall Street expectations.
Quiksilver Reports 2Q Loss
Quiksilver Inc. on Tuesday reported a loss of $37.6 million in its fiscal second quarter. The results missed Wall Street expectations.
Financial Markets
A Bumpy Ride
The Savigny Luxury Index (“SLI”) ended the month of May up shy of one percent after a bumpy ride, whilst the MSCI World Index (“MSCI”) climbed two percent.
A Bumpy Ride
The Savigny Luxury Index (“SLI”) ended the month of May up shy of one percent after a bumpy ride, whilst the MSCI World Index (“MSCI”) climbed two percent.
Financial Markets
G-III Apparel Rising on Strong 1Q Results, Boosted Outlook
Shares of G-III Apparel Group Ltd. are surging in Wednesday pre-market trading following a strong quarterly performance and raised full-year forecast on strong sales of Calvin Klein and other brands.
G-III Apparel Rising on Strong 1Q Results, Boosted Outlook
Shares of G-III Apparel Group Ltd. are surging in Wednesday pre-market trading following a strong quarterly performance and raised full-year forecast on strong sales of Calvin Klein and other brands.
Financial Markets
Vera Bradley Reports 1Q Loss
Vera Bradley Inc. on Wednesday reported a fiscal first-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.
Vera Bradley Reports 1Q Loss
Vera Bradley Inc. on Wednesday reported a fiscal first-quarter loss of $4.1 million, after reporting a profit in the same period a year earlier.
Financial Markets
Ascena Retail Misses Street 3Q Forecasts
Ascena Retail Group Inc. on Tuesday reported fiscal third-quarter net income of $24.4 million. The results fell short of Wall Street expectations.
Ascena Retail Misses Street 3Q Forecasts
Ascena Retail Group Inc. on Tuesday reported fiscal third-quarter net income of $24.4 million. The results fell short of Wall Street expectations.
Financial Markets
Guess Tops 1Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal first-quarter profit of $3.3 million. The results surpassed Wall Street expectations.
Guess Tops 1Q Profit Forecasts
Guess Inc. on Tuesday reported fiscal first-quarter profit of $3.3 million. The results surpassed Wall Street expectations.
Financial Markets
Abercrombie Posts Wider Loss as Currency Hampers Turnaround
Abercrombie & Fitch Co. posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
Abercrombie Posts Wider Loss as Currency Hampers Turnaround
Abercrombie & Fitch Co. posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
Financial Markets
Strong Dollar Hits Tiffany's Quarterly Sales
Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its US stores and reduced the value of overseas sales.
Strong Dollar Hits Tiffany's Quarterly Sales
Tiffany & Co reported a 5 percent fall in quarterly sales as a strong dollar discouraged tourists from spending in its US stores and reduced the value of overseas sales.
Financial Markets
Michael Kors Beats 4Q Profit Forecasts
Michael Kors Holdings Ltd. on Wednesday reported fiscal fourth-quarter net income of $182.6 million. The results topped Wall Street expectations.
Michael Kors Beats 4Q Profit Forecasts
Michael Kors Holdings Ltd. on Wednesday reported fiscal fourth-quarter net income of $182.6 million. The results topped Wall Street expectations.
Financial Markets
China Cuts Import Tax on Clothes, Other Goods
China has announced it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending.
China Cuts Import Tax on Clothes, Other Goods
China has announced it will cut import taxes on clothing, cosmetics and some other goods by half in a new tactic to spur consumer spending.
Financial Markets
Ann Inc. Tops 1Q Profit Forecasts
Ann Inc. (ANN) on Friday reported fiscal first-quarter profit of $13.6 million.
Ann Inc. Tops 1Q Profit Forecasts
Ann Inc. (ANN) on Friday reported fiscal first-quarter profit of $13.6 million.
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.