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.
earnings-report
Beauty
L’Oreal Sales Fell More than Expected in Second Quarter
The group posted a net profit of 2.14 billion euros for the January to June period, down from 2.47 billion euros a year earlier.
L’Oreal Sales Fell More than Expected in Second Quarter
The group posted a net profit of 2.14 billion euros for the January to June period, down from 2.47 billion euros a year earlier.
Luxury
Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory
The Italian luxury group expects a recovery in the second half of the year.
Brunello Cucinelli Expects Sales to Fall 10 Percent in 2020 as it Writes Down $34 Million in Excess Inventory
The Italian luxury group expects a recovery in the second half of the year.
Retail
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
Retail
Nordstrom Sales Plunge Nearly 40% in Quarterly Sales
Digital sales rose only 5 percent in the same period.
Nordstrom Sales Plunge Nearly 40% in Quarterly Sales
Digital sales rose only 5 percent in the same period.
Luxury
Moncler Hopes for Rebound in Second Half of 2020
Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year.
Moncler Hopes for Rebound in Second Half of 2020
Analysts on average expect Moncler's sales to fall by 6 percent in 2020, better than most rivals, because most of its sales take place towards the end of each year.
Beauty
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
L'Oreal Sales Fall in First Quarter, E-Commerce Surges
The cosmetics maker said demand in China had begun to pick up again as coronavirus restrictions there are eased.
Retail
M&S Warns of 'Severe Impact' From Coronavirus
The British retailer, already seeing a substantial decline clothing and homeware sales, will not pay a final dividend for its 2019-20 year and said it was unable to provide meaningful guidance on 2020-2021 earnings.
M&S Warns of 'Severe Impact' From Coronavirus
The British retailer, already seeing a substantial decline clothing and homeware sales, will not pay a final dividend for its 2019-20 year and said it was unable to provide meaningful guidance on 2020-2021 earnings.
Retail
Nordstrom Earnings Fall Below Market Expectations
The Seattle-based retailer missed estimates for fourth-quarter revenue, sending its shares down 9 percent in after-market trading.
Nordstrom Earnings Fall Below Market Expectations
The Seattle-based retailer missed estimates for fourth-quarter revenue, sending its shares down 9 percent in after-market trading.
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Luxury
Six Key Takeaways from LVMH’s 2019 Results
It was another year of record growth for the luxury conglomerate, which placed big bets on the experience economy and fine jewellery. But there are challenges ahead.
Six Key Takeaways from LVMH’s 2019 Results
It was another year of record growth for the luxury conglomerate, which placed big bets on the experience economy and fine jewellery. But there are challenges ahead.
Retail
Nike Earnings Fail to Wow Investors After Stock Hits Record
Despite posting quarterly results that sailed past Wall Street estimates, the shares dipped in late trading, suggesting some investors were looking for an even bigger upside surprise.
Nike Earnings Fail to Wow Investors After Stock Hits Record
Despite posting quarterly results that sailed past Wall Street estimates, the shares dipped in late trading, suggesting some investors were looking for an even bigger upside surprise.
Retail
Nordstrom Quarterly Profit Beats Estimates
Nordstrom's upbeat guidance comes in contrast to profit forecast cuts by larger rivals Macy's and Kohl's ahead of the crucial holiday season.
Nordstrom Quarterly Profit Beats Estimates
Nordstrom's upbeat guidance comes in contrast to profit forecast cuts by larger rivals Macy's and Kohl's ahead of the crucial holiday season.
The News in Brief
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.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Exclusive: Akt London Enters Sephora
The UK label will roll out its hero deodorant to Sephora US doors and launch its full assortment online as the LVMH-owned retailer expands its body care offering.
Zalando Forecasts 2026 Profit Jump Driven by AI Boost
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
Lululemon Founder Warns CEO Candidates That Board Needs Overhaul
Chip Wilson wrote an open letter to potential candidates for the activewear brand’s next chief executive warning them of problems at the company.