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
Retail
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Target Cuts Forecast as Holiday Pain Spreads to Discounters
Target chief executive officer Brian Cornell said digital sales rose 40 percent in December but that traffic and sales trends at its stores were “disappointing.”
Luxury
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Burberry Takeover Would Be a Showstopper
Burberry remains one of the few luxury houses unencumbered by a family stake-holder. And it is expected to end its financial year to March with net cash of about £665 million ($819 million).
Luxury
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Burberry Gives Fresh Boost to Luxury as Sales Beat Estimates
Third-quarter retail revenue rose 4 percent on a currency-neutral basis, with total sales of £735 million topping the £721 million estimate.
Financial Markets
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
Financial Markets
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Hugo Boss Jumps as Clothier’s Profit Guidance Brings Relief
Full-year operating profit will be nearer 17 percent than 23 percent, a range set by the company in August.
Luxury
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Richemont, Swatch Rally, Bodes Well for Watches
Richemont advanced as much as 9.4 percent to a one-year high after a gain in sales of timepieces at the Cartier maker’s own stores signalled that wholesale orders may stop declining.
Luxury
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Richemont's Revenue Up 5 Percent with Unexpected Watch Rebound
The company has been struggling with the biggest downturn for the Swiss watch industry since the quartz crisis in the 1980s.
Financial Markets
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Finish Line Reports Third-Quarter Loss
The Finish Line Inc. on Wednesday reported a loss of $40.4 million in its fiscal third quarter.
Financial Markets
Guess Misses Third Quarter Profit Forecasts
Guess Inc. on Wednesday reported fiscal third-quarter net income of $9.1 million.
Guess Misses Third Quarter Profit Forecasts
Guess Inc. on Wednesday reported fiscal third-quarter net income of $9.1 million.
Financial Markets
Calvin Klein and Tommy Hilfiger Owner PVH tops Third Quarter Forecasts
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.24 billion in the period, also beating Wall Street forecasts.
Calvin Klein and Tommy Hilfiger Owner PVH tops Third Quarter Forecasts
The owner of the Calvin Klein and Tommy Hilfiger brands posted revenue of $2.24 billion in the period, also beating Wall Street forecasts.
Financial Markets
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Shoe Carnival Posts Third-Quarter Profit
Shoe Carnival Inc. on Monday reported fiscal third-quarter net income of $9.7 million.
Financial Markets
Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts
The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.
Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts
The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.
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.