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
Fossil Shares Fall on Impact From Stronger Dollar
Shares of Fossil Group fell Wednesday following weak quarterly revenue results and a disappointing outlook as a stronger dollar continues to cut into company's financial results.
Fossil Shares Fall on Impact From Stronger Dollar
Shares of Fossil Group fell Wednesday following weak quarterly revenue results and a disappointing outlook as a stronger dollar continues to cut into company's financial results.
Financial Markets
Puma Lowers Profit Forecast as Dollar’s Advance Weighs on Margin
Puma cut its full-year profit forecast as the German sports-gear maker struggles to contend with the strengthening of the dollar against most major currencies.
Puma Lowers Profit Forecast as Dollar’s Advance Weighs on Margin
Puma cut its full-year profit forecast as the German sports-gear maker struggles to contend with the strengthening of the dollar against most major currencies.
Financial Markets
Adidas Earnings Top Estimates as Turnaround Plan Begins
Adidas AG reported first-quarter earnings that topped estimates as outgoing Chief Executive Officer Herbert Hainer lays the groundwork for a turnaround.
Adidas Earnings Top Estimates as Turnaround Plan Begins
Adidas AG reported first-quarter earnings that topped estimates as outgoing Chief Executive Officer Herbert Hainer lays the groundwork for a turnaround.
Financial Markets
Next Beats Estimates, Sales Boosted by Warm Weather
Next Plc reported first-quarter sales that beat estimates, a performance boosted by an earlier release of the company’s summer brochure and a spell of warm weather.
Next Beats Estimates, Sales Boosted by Warm Weather
Next Plc reported first-quarter sales that beat estimates, a performance boosted by an earlier release of the company’s summer brochure and a spell of warm weather.
Financial Markets
Coach Tumbles After Another Plunge in North American Sales
Coach Inc. fell as much as 8.2 percent in early trading after North American sales plunged last quarter, a sign its comeback plan isn’t yet gaining traction.
Coach Tumbles After Another Plunge in North American Sales
Coach Inc. fell as much as 8.2 percent in early trading after North American sales plunged last quarter, a sign its comeback plan isn’t yet gaining traction.
Financial Markets
Richemont Warns of Annual Profit Slump After Derivative Losses
Cie. Financiere Richemont SA said profit for the financial year just ended dropped about 36 percent because of losses on financial instruments.
Richemont Warns of Annual Profit Slump After Derivative Losses
Cie. Financiere Richemont SA said profit for the financial year just ended dropped about 36 percent because of losses on financial instruments.
Financial Markets
Kering Reports Gucci Q1 Sales Slump Amid Asia Slowdown
Kering SA reported a worse-than-expected slump in sales at the Gucci luxury-goods brand amid a slowdown in Asia, a setback to efforts to revive its biggest brand.
Kering Reports Gucci Q1 Sales Slump Amid Asia Slowdown
Kering SA reported a worse-than-expected slump in sales at the Gucci luxury-goods brand amid a slowdown in Asia, a setback to efforts to revive its biggest brand.
Financial Markets
Under Armour Slides After Annual Sales Forecast Trails Estimates
Under Armour, which got its start selling polyester workout shirts in the 1990s, projected revenue gain of 23 percent this year that would be its weakest growth since 2009.
Under Armour Slides After Annual Sales Forecast Trails Estimates
Under Armour, which got its start selling polyester workout shirts in the 1990s, projected revenue gain of 23 percent this year that would be its weakest growth since 2009.
Financial Markets
Zalando Surges as Spring Clothing Demand Spurs Upbeat Forecast
Zalando SE surged to a record in Frankfurt after Europe’s largest online fashion retailer said it expects first-quarter sales to rise faster than expected on strong demand for spring clothing.
Zalando Surges as Spring Clothing Demand Spurs Upbeat Forecast
Zalando SE surged to a record in Frankfurt after Europe’s largest online fashion retailer said it expects first-quarter sales to rise faster than expected on strong demand for spring clothing.
Financial Markets
Avon U.S. Overhaul May Be Better Path Than Unit Sale
Avon Products Inc., which is exploring a sale of its North American operations, may be better off just giving the unit a makeover.
Avon U.S. Overhaul May Be Better Path Than Unit Sale
Avon Products Inc., which is exploring a sale of its North American operations, may be better off just giving the unit a makeover.
Financial Markets
Burberry Sales Advance as Americas Compensate for Hong Kong Fall
Burberry Group Plc said second-half sales gained 10 percent as growth in the Americas made up for for a decline in Hong Kong.
Burberry Sales Advance as Americas Compensate for Hong Kong Fall
Burberry Group Plc said second-half sales gained 10 percent as growth in the Americas made up for for a decline in Hong Kong.
Financial Markets
J.C. Penney Says Executive Inadvertently Disclosed Same-Store Sales
Department store chain J.C. Penney said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.
J.C. Penney Says Executive Inadvertently Disclosed Same-Store Sales
Department store chain J.C. Penney said a senior executive inadvertently disclosed information on its same-store sales in the first quarter so far to an analyst.
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.