Lululemon Sees Annual Revenue, Profit Below Estimates Amid Board, Demand Challenges
CEO Calvin McDonald stepped down in December following months of share price weakness and lack of design freshness.
earnings-report
Financial Markets
Abercrombie Falls After Tourism Pullback Weighs on Results
Abercrombie & Fitch fell as much as 18 percent after slow sales at flagship locations weighed on its latest results and outlook, sparking concerns that its turnaround is sputtering.
Abercrombie Falls After Tourism Pullback Weighs on Results
Abercrombie & Fitch fell as much as 18 percent after slow sales at flagship locations weighed on its latest results and outlook, sparking concerns that its turnaround is sputtering.
Financial Markets
G-III Apparel Reports 2Q Loss
G-III Apparel reported a fiscal second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
G-III Apparel Reports 2Q Loss
G-III Apparel reported a fiscal second-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier.
Financial Markets
Prada Sales Slide on Weak Demand
Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe weighed on the Italian luxury-goods maker.
Prada Sales Slide on Weak Demand
Prada SpA reported the first decline in opening-half sales since its 2011 listing as weak demand in China and terrorist attacks in Europe weighed on the Italian luxury-goods maker.
Financial Markets
Signet Misses Second Quarter Forecasts
Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million.
Signet Misses Second Quarter Forecasts
Signet Jewellers Ltd. on Thursday reported fiscal second-quarter net income of $81.9 million.
Financial Markets
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Tiffany Sales Miss Estimates as Global Uncertainty Hurts Demand
Tiffany & Co. posted second-quarter sales that missed analysts’ estimates as global economic uncertainty weighed on demand.
Financial Markets
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
PVH Beats 2Q Profit Forecasts
PVH Corp. reported fiscal second-quarter profit of $90.5 million.
Financial Markets
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Guess Beats 2Q Profit Forecasts
Guess Inc. reported fiscal second-quarter net income of $32.3 million.
Financial Markets
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Express Misses 2Q Forecasts
Express Inc. reported fiscal second-quarter net income of $10.1 million.
Beauty
Estée Lauder Forecast Trails Estimates as Skincare Struggles
Estée Lauder forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings.
Estée Lauder Forecast Trails Estimates as Skincare Struggles
Estée Lauder forecast full-year profit that trailed analysts’ estimates as restructuring costs and softer sales of skin-care products weigh on earnings.
Financial Markets
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Perry Ellis Reports 2Q Loss
Perry Ellis reported a loss of $3.6 million in its fiscal second quarter.
Financial Markets
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Wal-Mart Profit Beats Expectations With Stocks Rising
The world's largest retailer reported a higher-than-expected quarterly profit as sales at its established US stores rose for the eighth consecutive quarter, sending its shares up more than 3 percent.
Financial Markets
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
L Brands Tops Second Quarter Forecasts
L Brands reported fiscal second-quarter net income of $252.4 million.
The News in Brief
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
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.