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
Gap Lowers Profit Forecast as Sales Slump at Namesake Brand
SAN FRANCISCO, United States — Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand
Gap Lowers Profit Forecast as Sales Slump at Namesake Brand
SAN FRANCISCO, United States — Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand
Financial Markets
Perry Ellis Reports Third-Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Perry Ellis Reports Third-Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Financial Markets
Hugo Boss Targets Emerging Markets to Counter Slowdowns
Hugo Boss AG, the German maker of narrow-cut suits and Jason Wu-designed dresses, will strive for high single-digit percentage sales growth in coming years by focusing on emerging economies.
Hugo Boss Targets Emerging Markets to Counter Slowdowns
Hugo Boss AG, the German maker of narrow-cut suits and Jason Wu-designed dresses, will strive for high single-digit percentage sales growth in coming years by focusing on emerging economies.
Financial Markets
Urban Outfitters Misses 3Q Forecasts
PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $47.1 million.
Urban Outfitters Misses 3Q Forecasts
PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $47.1 million.
Financial Markets
H&M's October Sales Up 14%, Surpasses Estimates
Hennes & Mauritz AB’s October sales growth exceeded analysts’ estimates, giving a boost to shares of Europe’s second-biggest clothing retailer.
H&M's October Sales Up 14%, Surpasses Estimates
Hennes & Mauritz AB’s October sales growth exceeded analysts’ estimates, giving a boost to shares of Europe’s second-biggest clothing retailer.
Financial Markets
Nordstrom Beats 3Q Estimates
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $142 million. The results exceeded Wall Street expectations.
Nordstrom Beats 3Q Estimates
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $142 million. The results exceeded Wall Street expectations.
Financial Markets
Macy’s Net Jumped 23% While Sales Slump Lingered
Macy’s Inc., the largest U.S. department-store chain, posted a 23 percent gain in net income last quarter after the company cut expenses, helping it weather disappointing sales.
Macy’s Net Jumped 23% While Sales Slump Lingered
Macy’s Inc., the largest U.S. department-store chain, posted a 23 percent gain in net income last quarter after the company cut expenses, helping it weather disappointing sales.
Financial Markets
Burberry H1 Profit Drops in Difficult Luxury Environment
LONDON, United Kingdom — Burberry Group Plc said it sees a tougher climate for luxury goods after currency fluctuations led the U.K. maker of $1,600
Burberry H1 Profit Drops in Difficult Luxury Environment
LONDON, United Kingdom — Burberry Group Plc said it sees a tougher climate for luxury goods after currency fluctuations led the U.K. maker of $1,600
Financial Markets
Abercrombie Plunges After 3Q Earnings Miss Estimates
NEW YORK, United States – Abercrombie & Fitch Co., the clothing chain struggling to win back once-loyal teen shoppers, fell as much as 14 percent
Abercrombie Plunges After 3Q Earnings Miss Estimates
NEW YORK, United States – Abercrombie & Fitch Co., the clothing chain struggling to win back once-loyal teen shoppers, fell as much as 14 percent
Financial Markets
Gap Shares Surge After 3Q Earnings Exceed Estimates
Gap Inc. shares rose as much as 6.1 percent in late trading after preliminary third-quarter earnings topped analysts’ estimates, helped by cost cuts and a tax gain.
Gap Shares Surge After 3Q Earnings Exceed Estimates
Gap Inc. shares rose as much as 6.1 percent in late trading after preliminary third-quarter earnings topped analysts’ estimates, helped by cost cuts and a tax gain.
Financial Markets
Puma Raises 2014 Sales Outlook as Footwear Revenue Rebounds
Puma SE boosted its outlook for 2014 sales as the footwear maker’s investment in a new ad campaign and sponsorships started to take hold.
Puma Raises 2014 Sales Outlook as Footwear Revenue Rebounds
Puma SE boosted its outlook for 2014 sales as the footwear maker’s investment in a new ad campaign and sponsorships started to take hold.
Financial Markets
Richemont Profit Hit By Asian Slowdown
ZURICH, Switzerland — Cie. Financiere Richemont SA, the world's largest jewelry maker, reported first-half operating profit that missed analysts'
Richemont Profit Hit By Asian Slowdown
ZURICH, Switzerland — Cie. Financiere Richemont SA, the world's largest jewelry maker, reported first-half operating profit that missed analysts'
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.