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
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Luxury
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
Retail
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Luxury
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Luxury
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Luxury
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Retail
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Financial Markets
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Financial Markets
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Financial Markets
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Financial Markets
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Financial Markets
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 million.
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 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.