US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
earnings-report
Financial Markets
What’s Driving Aeffe’s Surge?
The Italian fashion and luxury group’s profits grew 144 percent in the first nine months of 2017. BoF uncovers the secrets to its success.
What’s Driving Aeffe’s Surge?
The Italian fashion and luxury group’s profits grew 144 percent in the first nine months of 2017. BoF uncovers the secrets to its success.
Retail
J. Crew's Sales Plummet, Overshadowing Growth at Madewell Brand
The company has made progress cutting expenses and boosting margins and expects to close 50 stores this year.
J. Crew's Sales Plummet, Overshadowing Growth at Madewell Brand
The company has made progress cutting expenses and boosting margins and expects to close 50 stores this year.
Financial Markets
Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Neiman Marcus Sees Key Sales Figure Rise for First Time in Two Years
The figure includes a 14 percent increase in online sales, which now account for about one-third of total sales.
Financial Markets
Urban Outfitters Beats Wall Street Forecasts
The parent company of Urban Outfitters and Anthropologie posted revenue of $892.8 million in the third quarter.
Urban Outfitters Beats Wall Street Forecasts
The parent company of Urban Outfitters and Anthropologie posted revenue of $892.8 million in the third quarter.
Financial Markets
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Abercrombie Shares Surge on Hollister Sales Jump
Abercrombie & Fitch forecast robust sales for the holiday quarter as its surf-wear brand Hollister helped revive the previously struggling retailer.
Financial Markets
Gap’s Old Navy Boosts Hopes for Turnaround
Gap Inc posted third-quarter earnings that topped analysts’ estimates as comparable sales grew at both the flagship brand — the first time in 15 quarters — and value-focused Old Navy.
Gap’s Old Navy Boosts Hopes for Turnaround
Gap Inc posted third-quarter earnings that topped analysts’ estimates as comparable sales grew at both the flagship brand — the first time in 15 quarters — and value-focused Old Navy.
Retail
Wal-Mart Growth Hits Post-Recession High as It Chases Amazon
The world’s biggest retailer has now delivered 13 consecutive quarters of sales growth in its home market, helped by price cuts, cleaner stores and an aggressive push online.
Wal-Mart Growth Hits Post-Recession High as It Chases Amazon
The world’s biggest retailer has now delivered 13 consecutive quarters of sales growth in its home market, helped by price cuts, cleaner stores and an aggressive push online.
Financial Markets
L Brands Meets Third Quarter Profit Forecasts
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.62 billion in the period, which beat Wall Street forecasts.
L Brands Meets Third Quarter Profit Forecasts
The owner of Victoria's Secret, Bath & Body Works and other chain stores posted revenue of $2.62 billion in the period, which beat Wall Street forecasts.
Financial Markets
Farfetch Sales Jump in Road to Potential IPO
Revenues and gross profits at the fashion-tech giant grew by 74 percent each in 2016, as significant investments in China and other emerging markets come to fruition. Will it earn that reported $5 billion valuation?
Farfetch Sales Jump in Road to Potential IPO
Revenues and gross profits at the fashion-tech giant grew by 74 percent each in 2016, as significant investments in China and other emerging markets come to fruition. Will it earn that reported $5 billion valuation?
Financial Markets
Macy's Sales Disappoint but Chain Remains Optimistic Ahead of Holidays
The season marks a crossroads for the largest US department-store chain, which is trying to get back on its feet after three punishing years.
Macy's Sales Disappoint but Chain Remains Optimistic Ahead of Holidays
The season marks a crossroads for the largest US department-store chain, which is trying to get back on its feet after three punishing years.
Financial Markets
Adidas Outruns Rival Nike Even as Revenue Growth Rate Slows
Revenue increased by 8.7 percent, less than half the growth rate in the previous quarter, and operating profit advanced 35 percent to €795 million.
Adidas Outruns Rival Nike Even as Revenue Growth Rate Slows
Revenue increased by 8.7 percent, less than half the growth rate in the previous quarter, and operating profit advanced 35 percent to €795 million.
The News in Brief
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
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.
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.