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
Aeropostale Reports Q1 Loss
Aeropostale Inc. on Thursday reported a loss of $45.3 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Aeropostale Reports Q1 Loss
Aeropostale Inc. on Thursday reported a loss of $45.3 million in its fiscal first quarter. The results fell short of Wall Street expectations.
Financial Markets
Gap Meets Estimates as Old Navy Helps Prop Up Retailer
Gap Inc. posted first-quarter profit that met analysts’ estimates after its Old Navy chain helped make up for sluggish sales at its other divisions.
Gap Meets Estimates as Old Navy Helps Prop Up Retailer
Gap Inc. posted first-quarter profit that met analysts’ estimates after its Old Navy chain helped make up for sluggish sales at its other divisions.
Financial Markets
Richemont’s April Sales Unexpectedly Drop Ahead of Price Changes
Richemont reported an unexpected decline in April sales as retailers delayed purchases in anticipation of price adjustments.
Richemont’s April Sales Unexpectedly Drop Ahead of Price Changes
Richemont reported an unexpected decline in April sales as retailers delayed purchases in anticipation of price adjustments.
Financial Markets
L Brands Tops Q1 Profit Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $250.5 million. The results topped Wall Street expectations.
L Brands Tops Q1 Profit Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $250.5 million. The results topped Wall Street expectations.
Financial Markets
Target Q1 Profit Tops Estimates
Target Corp reported a larger-than-expected increase in first-quarter profit as revenues got a boost from online sales and a program to narrow its product focus.
Target Q1 Profit Tops Estimates
Target Corp reported a larger-than-expected increase in first-quarter profit as revenues got a boost from online sales and a program to narrow its product focus.
Financial Markets
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Financial Markets
Marks & Spencer to Commence Buyback as Profit Starts to Recover
Marks & Spencer Group Plc said it will begin its first stock buyback program since 2008 as the UK retailer charts a recovery after three years of declining earnings.
Marks & Spencer to Commence Buyback as Profit Starts to Recover
Marks & Spencer Group Plc said it will begin its first stock buyback program since 2008 as the UK retailer charts a recovery after three years of declining earnings.
Financial Markets
Urban Outfitters Misses 1Q Forecasts
Urban Outfitters Inc. on Monday reported fiscal first-quarter earnings of $32.8 million. The results fell short of Wall Street expectations.
Urban Outfitters Misses 1Q Forecasts
Urban Outfitters Inc. on Monday reported fiscal first-quarter earnings of $32.8 million. The results fell short of Wall Street expectations.
Financial Markets
FBI Looking into Suspicious Bid for Avon
The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc by purported acquirer PTG Capital Partners, an agency official said on Friday.
FBI Looking into Suspicious Bid for Avon
The Federal Bureau of Investigation is probing the suspicious buyout bid for cosmetics company Avon Products Inc by purported acquirer PTG Capital Partners, an agency official said on Friday.
Financial Markets
Retailers Dealing with Myriad of Issues
A range of retail shares, including Kohl's Corp., J.C. Penney Co. and Target Corp., are falling as most other markets were posting gains.
Retailers Dealing with Myriad of Issues
A range of retail shares, including Kohl's Corp., J.C. Penney Co. and Target Corp., are falling as most other markets were posting gains.
Financial Markets
J.C. Penney Results Raise Concerns About Comeback
J.C. Penney Co. shares tumbled the most in six months after first-quarter sales growth trailed analysts’ estimates, raising doubts about the department store chain’s attempted turnaround.
J.C. Penney Results Raise Concerns About Comeback
J.C. Penney Co. shares tumbled the most in six months after first-quarter sales growth trailed analysts’ estimates, raising doubts about the department store chain’s attempted turnaround.
Financial Markets
Nordstrom Outlet Stores Help Fuel Growth
Nordstrom Inc. posted first-quarter sales that exceeded analysts’ estimates after its Rack discount outlets and e-commerce orders helped boost results.
Nordstrom Outlet Stores Help Fuel Growth
Nordstrom Inc. posted first-quarter sales that exceeded analysts’ estimates after its Rack discount outlets and e-commerce orders helped boost results.
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.