Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
stores
Entrepreneurship
Inside Soeur’s Plans to Go From French Girl Favourite to Global Powerhouse
With a new heavyweight backer in Italian firm Style Capital — which helped Zimmermann secure a billion dollar valuation — the French contemporary womenswear brand has ambitions to go global. But it sits in a competitive and hard-to-crack category.
Inside Soeur’s Plans to Go From French Girl Favourite to Global Powerhouse
With a new heavyweight backer in Italian firm Style Capital — which helped Zimmermann secure a billion dollar valuation — the French contemporary womenswear brand has ambitions to go global. But it sits in a competitive and hard-to-crack category.
Retail
Macy’s to Slash 2,350 Jobs, Close Stores in Streamlining Effort
The layoffs make up 3.5 percent of the overall workforce across Macy’s.
Macy’s to Slash 2,350 Jobs, Close Stores in Streamlining Effort
The layoffs make up 3.5 percent of the overall workforce across Macy’s.
Beauty
German Beauty Retailer Douglas Sees Sales Grow to $1.7B in First Quarter
The company said it is on-track to hit $5.5 billion in net sales in 2026 despite the tough economic climate in Europe.
German Beauty Retailer Douglas Sees Sales Grow to $1.7B in First Quarter
The company said it is on-track to hit $5.5 billion in net sales in 2026 despite the tough economic climate in Europe.
Direct-to-Consumer
Rothy’s Announces Executive Overhaul
Shoemaker Rothy’s on Tuesday announced a number of leadership changes. Co-founders Stephen Hawthornthwaite and Roth Martin have stepped down from their roles as chief executive and president, respectively. Hawthornthwaite will transition to Rothy’s chair of the board, and Martin will become chief creative and innovation officer.
Rothy’s Announces Executive Overhaul
Shoemaker Rothy’s on Tuesday announced a number of leadership changes. Co-founders Stephen Hawthornthwaite and Roth Martin have stepped down from their roles as chief executive and president, respectively. Hawthornthwaite will transition to Rothy’s chair of the board, and Martin will become chief creative and innovation officer.
Retail
American Eagle Outfitters Lifts Holiday Quarter Revenue View on Strong Demand
The multi-brand apparel retailer now expects fourth-quarter revenue to increase in the low double digits percentage range.
American Eagle Outfitters Lifts Holiday Quarter Revenue View on Strong Demand
The multi-brand apparel retailer now expects fourth-quarter revenue to increase in the low double digits percentage range.
Retail
Abercrombie & Fitch Lifts Holiday Sales Forecast on Robust Demand
The company benefited from a focus on fresh styles.
Abercrombie & Fitch Lifts Holiday Sales Forecast on Robust Demand
The company benefited from a focus on fresh styles.
Retail
Thai Retailer Says It’s Received No Communication About Selfridges Investment
In a statement Central Retail Corp. clarified it was not in discussions with its parent, Central Group, about any investment opportunity in the UK brand.
Thai Retailer Says It’s Received No Communication About Selfridges Investment
In a statement Central Retail Corp. clarified it was not in discussions with its parent, Central Group, about any investment opportunity in the UK brand.
Retail
Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
Abercrombie & Fitch was the top-performing stock in the S&P 1500 Index last year, beating even AI chipmaker Nvidia.
Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
Abercrombie & Fitch was the top-performing stock in the S&P 1500 Index last year, beating even AI chipmaker Nvidia.
Luxury
Op-Ed | Paris and Milan Dream of the Return of Chinese Tourists
Though Chinese consumers can now travel to Europe, investors shouldn’t expect them to rush over to stock up on luxury goods.
Op-Ed | Paris and Milan Dream of the Return of Chinese Tourists
Though Chinese consumers can now travel to Europe, investors shouldn’t expect them to rush over to stock up on luxury goods.
Beauty
Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain
The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal.
Boots Owner in Talks to Offload £7 Billion UK Pharmacy Chain
The company has been holding early talks about ways to separate Boots, which could be valued at about £7 billion ($8.8 billion) in a deal.
Retail
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Unpacking Macy’s Surprise Buyout Offer
Wall Street says the $5.8 billion bid for the American department store chain comes below even the most conservative estimates for the value of Macy’s real estate properties alone.
Retail
Zara Pulls Advert From Website Front Page After Gaza Boycott Calls
The reaction highlights heightened sensitivity international brands are navigating as fighting across Gaza intensifies and calls for company boycotts rise.
Zara Pulls Advert From Website Front Page After Gaza Boycott Calls
The reaction highlights heightened sensitivity international brands are navigating as fighting across Gaza intensifies and calls for company boycotts rise.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.