Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
financial-results
Financial Markets
Calvin Klein Owner PVH Cuts Profit Forecast and Shares Fall
The company cut its adjusted profit outlook, citing a challenging macroeconomic environment and a stronger dollar. Shares fell 7.4 percent to $91.90.
Calvin Klein Owner PVH Cuts Profit Forecast and Shares Fall
The company cut its adjusted profit outlook, citing a challenging macroeconomic environment and a stronger dollar. Shares fell 7.4 percent to $91.90.
Financial Markets
When Retailers Lose the Thread a $2.7 Billion Wipeout Ensues
Canada Goose, Abercrombie & Fitch and Capri Holdings posted historic stock declines this week, together erasing about $2.7 billion in market capitalisation.
When Retailers Lose the Thread a $2.7 Billion Wipeout Ensues
Canada Goose, Abercrombie & Fitch and Capri Holdings posted historic stock declines this week, together erasing about $2.7 billion in market capitalisation.
Luxury
The Plan to Turn Versace and Michael Kors Into 'America's LVMH' Begins Now
This week, everyone will be talking about Capri Holdings' plans for Michael Kors and Versace, Serena Williams and Roger Federer at the French Open and the start of swimwear season. Read our BoF Professional Cheat Sheet.
The Plan to Turn Versace and Michael Kors Into 'America's LVMH' Begins Now
This week, everyone will be talking about Capri Holdings' plans for Michael Kors and Versace, Serena Williams and Roger Federer at the French Open and the start of swimwear season. Read our BoF Professional Cheat Sheet.
Financial Markets
Victoria’s Secret Owner Shares Rise 15% as Beauty Chain Boosts Sales
Same-store sales at Bath & Body Works rose 13 percent, a performance that exceeded company expectations.
Victoria’s Secret Owner Shares Rise 15% as Beauty Chain Boosts Sales
Same-store sales at Bath & Body Works rose 13 percent, a performance that exceeded company expectations.
Retail
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
Target Quarterly Results Trounce Estimates on Higher Online Sales
The American retailer has been spending more on its same-day delivery with services in a bid to better compete with rivals Amazon and Walmart.
Retail
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
Nordstrom Quarterly Revenue Drops
The department store's total revenue fell 3.3 percent to $3.44 billion, falling short of analysts' estimates of $3.58 billion. Shares subsequently dropped more than 9 percent.
Financial Markets
Burberry Profit Steady Awaiting New Collections in Stores
The British fashion house expects revenue growth after positive feedback on products by Riccardo Tisci.
Burberry Profit Steady Awaiting New Collections in Stores
The British fashion house expects revenue growth after positive feedback on products by Riccardo Tisci.
News & Analysis
Tapestry Announces $1B Buyback After Beating Profit Estimates
The results come off the back of better-than-expected sales of its Coach and Kate Spade handbags, which have previously suffered from a lack of new designs and heavy discounting.
Tapestry Announces $1B Buyback After Beating Profit Estimates
The results come off the back of better-than-expected sales of its Coach and Kate Spade handbags, which have previously suffered from a lack of new designs and heavy discounting.
Beauty
Estée Lauder Raises Outlook Again as Chinese Consumers Buy More
Skincare sales are flourishing in Asia, and the group's high-end beauty labels such as La Mer are performing well.
Estée Lauder Raises Outlook Again as Chinese Consumers Buy More
Skincare sales are flourishing in Asia, and the group's high-end beauty labels such as La Mer are performing well.
Retail
Next Revenue Beats Analyst Estimates
While retail sales fell 3.6 percent, online revenue rose 12 percent and full-price sales rose 4.5 percent.
Next Revenue Beats Analyst Estimates
While retail sales fell 3.6 percent, online revenue rose 12 percent and full-price sales rose 4.5 percent.
Financial Markets
Sandro Owner SMCP Posts Rise in First Quarter Sales
First-quarter sales rose to €274.6 million ($306.4 million), up 9 percent from the previous year.
Sandro Owner SMCP Posts Rise in First Quarter Sales
First-quarter sales rose to €274.6 million ($306.4 million), up 9 percent from the previous year.
Luxury
Hermès Sales Growth Shows Chinese Luxury Demand Remains Healthy
The results from the French luxury brand are a further sign that the key Chinese market is still going strong.
Hermès Sales Growth Shows Chinese Luxury Demand Remains Healthy
The results from the French luxury brand are a further sign that the key Chinese market is still going strong.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.