Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
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
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
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.”
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.