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
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Sales Growth at Hermès Picks up Pace in Third Quarter
Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.
Financial Markets
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales
The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.
Luxury
Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo
Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.
Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo
Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.
Retail
Michael Kors Hopes to Win Customers with Experiences
Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.
Michael Kors Hopes to Win Customers with Experiences
Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.
News & Analysis
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline
"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."
Financial Markets
LVMH Trumps Third Quarter Forecast
Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.
LVMH Trumps Third Quarter Forecast
Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.
Financial Markets
Nike's Relies on China Sales Amidst US Slump
Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.
Nike's Relies on China Sales Amidst US Slump
Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.
Financial Markets
While Richemont Sales Beat Expectations, its Leadership Crisis Ensues
Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.
While Richemont Sales Beat Expectations, its Leadership Crisis Ensues
Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.
Financial Markets
Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples
The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.
Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples
The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.
Financial Markets
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Financial Markets
J. Crew Names New CFO as Sales Drop Deepens
J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.
J. Crew Names New CFO as Sales Drop Deepens
J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.
Financial Markets
Chanel Sees Dip in Sales, Profits
Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.
Chanel Sees Dip in Sales, Profits
Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.
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.