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
YNAP Sales Hit €1 Billion as Mobile Grows
The online luxury retailer Yoox Net-a-Porter reported first-half earnings that beat estimates as the company’s mobile platform grew to account for more than half of sales.
YNAP Sales Hit €1 Billion as Mobile Grows
The online luxury retailer Yoox Net-a-Porter reported first-half earnings that beat estimates as the company’s mobile platform grew to account for more than half of sales.
Financial Markets
Gucci Isn't the Only Brand Fuelling Growth at Kering
The luxury conglomerate's growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent.
Gucci Isn't the Only Brand Fuelling Growth at Kering
The luxury conglomerate's growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent.
Financial Markets
LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.
LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds
Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday.
Financial Markets
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
Hermès Sticks to 'Ambitious' Production Goal as Sales Rise 8.3 Percent
The company is trying to respond to a rebound in demand for high-end goods by training up leather workers and adding new sites.
Financial Markets
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Burberry Sales Beat Estimates as CEO Gobbetti Takes Over
Strong first-quarter results give Gobbetti a boost as he seeks to benefit from a luxury goods rebound in China while overhauling the company’s US business.
Financial Markets
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
Sales Slump at Victoria's Secret Owner L Brands
Net sales at the Victoria's Secret owner fell 6 percent in June, compared with last year during the same period, and same-store sales fell 9 percent, which is worse than industry analysts had expected.
Financial Markets
Guess Reports First-Quarter Loss
Guess shares have fallen 18 percent since the beginning of the year and on Wednesday reported a loss of $21.3 million in its fiscal first quarter.
Guess Reports First-Quarter Loss
Guess shares have fallen 18 percent since the beginning of the year and on Wednesday reported a loss of $21.3 million in its fiscal first quarter.
Financial Markets
Calvin Klein and Tommy Hilfiger Owner PVH Beats First-Quarter Forecasts
The New York-based company posted revenue of $1.99 billion in the period.
Calvin Klein and Tommy Hilfiger Owner PVH Beats First-Quarter Forecasts
The New York-based company posted revenue of $1.99 billion in the period.
Luxury
Ralph Lauren Reports $204 Million Loss in Fourth Quarter
Ralph Lauren has been struggling to turnaround sales due to sluggish spending on apparel and accessories. The company's margins have taken a hit as competition in the industry has stiffened.
Ralph Lauren Reports $204 Million Loss in Fourth Quarter
Ralph Lauren has been struggling to turnaround sales due to sluggish spending on apparel and accessories. The company's margins have taken a hit as competition in the industry has stiffened.
Luxury
Op-Ed | Burberry Needs a Creative Cure
While Burberry reported it generated cash of $897.6 million for the year ended March 31, there is little to console investors elsewhere in the business as it still has a mountain to climb to make itself a millennial must-have.
Op-Ed | Burberry Needs a Creative Cure
While Burberry reported it generated cash of $897.6 million for the year ended March 31, there is little to console investors elsewhere in the business as it still has a mountain to climb to make itself a millennial must-have.
Luxury
Burberry Profit Falls 21 Percent Ahead of New CEO Arrival
The company reported its full year pre-tax profit dropped to $599 million, on an underlying basis, underscoring the challenge that faces Marco Gobbetti when he becomes CEO in July.
Burberry Profit Falls 21 Percent Ahead of New CEO Arrival
The company reported its full year pre-tax profit dropped to $599 million, on an underlying basis, underscoring the challenge that faces Marco Gobbetti when he becomes CEO in July.
Financial Markets
Victoria's Secret Owner L Brands Tops First Quarter Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $94.1 million.
Victoria's Secret Owner L Brands Tops First Quarter Forecasts
L Brands Inc. on Wednesday reported fiscal first-quarter earnings of $94.1 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.