Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
business-growth
Financial Markets
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
Financial Markets
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Financial Markets
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Financial Markets
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Canadian Retailer Aritzia Files for Toronto IPO as Market Thaws
Aritzia, the Canadian women’s fashion retailer, filed for an initial public offering on the Toronto Stock Exchange.
Financial Markets
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
Retail
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Urban Outfitters Tops 2Q Forecasts
Urban Outfitters reported fiscal second-quarter earnings of $76.9 million.
Retail
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Nordstrom Profit Tops Estimates as Rack Brand’s Sales Increase
Nordstrom posted second-quarter profit that topped analysts’ estimates, helped by higher sales at its off-price Rack chain.
Financial Markets
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Alibaba Sales Beat Estimates on Cloud as Revenue Rises 59 Percent
Alibaba's quarterly revenue beat analysts’ estimates as cloud computing services surged and its core e-commerce business held up despite a slowing Chinese economy.
Financial Markets
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Zalando Confirms Earnings Boost From Efficiency and New Brands
Zalando boosted earnings as the online apparel retailer added new brands like Kate Spade and got more bang for its marketing buck.
Financial Markets
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
From Bankruptcy to Billions: Fashion’s Greatest Second (and Third) Acts
From Chanel to Michael Kors, BoF examines companies that failed hard on the way to global success.
Financial Markets
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Ralph Lauren Profit Tops Estimates on Larsson’s Turnaround Plan
Ralph Lauren reported first-quarter profit that exceeded analysts’ estimates as new chief executive officer Stefan Larsson’s turnaround plan takes hold.
Financial Markets
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
China's JD.com Revenue Meets Expectations as Slowdown Continues
JD.com reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline.
The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.