Diotima’s Rachel Scott, Ralph Lauren Take Home Top Prizes at CFDA Awards
Colleen Allen won the emerging designer of the year award; Tory Burch, Linda Fargo and more take home honours.
financial-results
Retail
American Eagle Hit by Weakened Demand
The US-based retailer saw shares drop by 7 percent amid sluggish demand and stiff competition in the retail space.
Luxury
Richemont's Fashion Business: A Health Check
The Swiss luxury conglomerate has failed to turn brands like Chloé and Dunhill into a soft-luxury empire that can take on Kering and LVMH. Can recent operational changes turn the tide?
Luxury
Ralph Lauren Sales Soar, Defying Drag From Hong Kong
The luxury fashion house reported a 2 percent rise in revenue in North America thanks to a strengthened domestic market.
Financial Markets
Under Armour Faces Federal Probe Over Accounting Practices
The sportswear company confirmed on Sunday that it is assisting a federal investigation into claims it had shifted sales from quarter to quarter dating back to 2017.
Luxury
Asian Sales Propel Hermès to Impressive Third Quarter Performance
The French luxury group joins rival LVMH in largely shrugging off fallout from Hong Kong’s political protests, with sales at Hermès up 15 percent in the third quarter.
Luxury
LVMH Unscathed by Hong Kong as Growth Sets High Bar for Luxury
Sales of fashion and leather goods rose 19 percent, with 'remarkable' performance at Louis Vuitton and Christian Dior, and total sales rose 11 percent.
News & Analysis
What to Look Out for at L Brands' Investor Meeting
With company shares down 35 percent this year, investors are poised to demand answers at Tuesday's meeting. Here are some of the issues likely to be on shareholders’ minds.
News & Analysis
Nordstrom Reports Better Than Expected Results
The company has been investing heavily in its online business and loyalty programs to beat back competition from other upscale department stores and e-commerce rivals.
News & Analysis
Retailers Look to Put a Bad Week Behind Them
This week, everyone will be talking about financial results from Gap Inc., Nordstrom and other major retailers, the latest twists at L Brands and the booming clothing rental market. Read our BoF Professional Cheat Sheet
News & Analysis
Tapestry Shares Tumble as Kate Spade Sales Weaken
Same-stores sales at Kate Spade have declined for at least eight quarters, prompting the company cut back on new store openings for the brand.
News & Analysis
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Financial Markets
Prada's Turnaround Is Under Pressure
Prada is on a mission to regain its footing in the high-stakes world of luxury fashion. Its latest set of results show that won’t be easy.
The News in Brief
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
Style Capital Acquires Alessandro Dell’Acqua’s N21
Financial details of the deal for the Milan-based brand weren’t disclosed.
Lagos Fashion Week Continues to Flex its Pan-African Muscle
The buzzy Nigerian fashion event has attracted a cohort from across the continent, with designers from South Africa, Uganda and Morocco presenting their collections in the Nigerian city.
Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.