Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
finance
Financial Markets
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Adidas Comeback on North America Sales Jump
Adidas reported a 26 percent rise in North American sales, underscoring a comeback that has seen the athletic-shoe maker reclaim market share in the US from Nike Inc.
Financial Markets
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Falling Tourism Prompts Kate Spade Forecast Cut
A dearth of tourists to the US — put off visiting by the strong dollar — has slowed foot traffic, forcing the company to mark down merchandise.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Financial Markets
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Macy’s, Kohl’s Fall on Concern About Slow Department-Store Sales
Shares of Macy’s, Nordstrom and Kohl’s fell after reports about weak summer sales reignited fears of a department-store slump.
Financial Markets
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
L’Oréal Sales Miss Analyst Estimates on Western Europe Slowdown
L’Oréal reported second-quarter sales that missed analysts’ estimates as rising demand for its beauty products in North America was offset by worsening conditions in its home market of France.
Financial Markets
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Gucci Turnaround Buoys Kering
French luxury-goods maker Kering reported first-half earnings that beat analysts’ estimates on rising demand for Gucci and Yves Saint Laurent, helping it shrug off lower tourism in Europe.
Financial Markets
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Financial Markets
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Puma Earnings Beat Analysts’ Estimates on Soccer and Women’s Shoes
Puma reported second-quarter profit that topped analysts’ estimates as the German sneaker maker got a lift from Europe’s soccer championships and a focus on the women’s market.
Financial Markets
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
LVMH Profit Meets Estimates Despite French Tourist Slump
LVMH Moet Hennessy Louis Vuitton SE reported first-half profit in line with analyst estimates as lower tourism flows to France offset stronger demand for its wines and spirits.
Financial Markets
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Financial Markets
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Nike CEO’s Pay Almost Triples to $47.6 Million With Stock Award
Nike awarded chief executive officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
The News in Brief
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.
Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.