Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
financial-results
Retail
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Will This Time Be Different for Neiman Marcus and J.C. Penney?
This week, everyone will be talking about fashion weeks in New York and London, the post-bankruptcy futures of Neiman Marcus and J.C. Penney, and sales updates from the owners of Zara and H&M. Get your BoF Professional Cheat Sheet.
Retail
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
American Eagle Posts Smaller Than Expected Loss as Loungewear Demand Surges
The US-based retailer's total revenue fell 15 percent to $883.5 million in the three months ended August 1, beating expectations of $847.8 million.
Retail
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
Retail
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
Beauty
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Luxury
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Luxury
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
Luxury
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Hugo Boss Expects Demand for Suits to Return Despite Quarterly Sales Slump
The German luxury house saw its sales drop 59 percent and reported revenue of $323.5 million in the second quarter, missing analyst expectations.
Luxury
Hermès Quarterly Sales Hit by Pandemic Lockdowns
The maker of the iconic Birkin bag saw its sales plunge 42 percent in the three months through June.
Hermès Quarterly Sales Hit by Pandemic Lockdowns
The maker of the iconic Birkin bag saw its sales plunge 42 percent in the three months through June.
Luxury
Ferragamo Second Quarter Revenue Misses Analysts Expectations
The Italian luxury group saw its sales decline 60 percent in the second quarter.
Ferragamo Second Quarter Revenue Misses Analysts Expectations
The Italian luxury group saw its sales decline 60 percent in the second quarter.
Luxury
Kering Sales Down 43.7% in the Second Quarter
The luxury conglomerate added it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.
Kering Sales Down 43.7% in the Second Quarter
The luxury conglomerate added it could not provide a forecast for the second half of the year despite an encouraging recovery in Asia.
Luxury
LVMH Revenue Down 38% in the Second Quarter
The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations.
LVMH Revenue Down 38% in the Second Quarter
The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations.
The News in Brief
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
Vogue Mexico and Latin America Editor-in-Chief Karla Martinez de Salas to Step Down
The industry veteran is joining Latino-focused media platform Avance Global to establish a new lifestyle brand that will span fashion, design, travel, food, culture and entertainment.
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.
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.