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
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Burberry Lays Out Savings Plan as Annual Earnings Fall Again
Burberry Group Plc reported a second straight drop in annual earnings and announced plans to save £100 million ($144 million) a year as demand for the UK company’s luxury attire slows from New York to Nanjing.
Financial Markets
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
J.C. Penney Revenue Misses Estimates, Extending Retail Woes
J.C. Penney Co. posted first-quarter revenue that trailed analysts’ estimates, becoming the latest US retailer affected by a consumer malaise that’s weighing on department-store sales.
Financial Markets
Nordstrom Plunges on Lower Forecast, Adding to Retail Woes
Nordstrom Inc. fell as much as 16 percent in late trading after cutting its annual forecast, adding to evidence that the department-store industry is mired in a deep slump.
Nordstrom Plunges on Lower Forecast, Adding to Retail Woes
Nordstrom Inc. fell as much as 16 percent in late trading after cutting its annual forecast, adding to evidence that the department-store industry is mired in a deep slump.
Financial Markets
Zalando Invests in Tech, Cool Spring Leads to Profit Tumble
Zalando reported a 30 percent fall in first-quarter profit hurt by a cool start to spring and stepped up investment in technology by buying software firm Tradebyte to help digitalise stock in warehouses.
Zalando Invests in Tech, Cool Spring Leads to Profit Tumble
Zalando reported a 30 percent fall in first-quarter profit hurt by a cool start to spring and stepped up investment in technology by buying software firm Tradebyte to help digitalise stock in warehouses.
Financial Markets
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Thrifty Tourists, Weaker China Curb Tod's Sales and Forecasts
Tod's warned it would be challenging to meet expectations of a four percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
Financial Markets
Inter Parfums Misses Q1 Profit Forecasts
Inter Parfums Inc. has reported first-quarter net income of $7.3 million.
Inter Parfums Misses Q1 Profit Forecasts
Inter Parfums Inc. has reported first-quarter net income of $7.3 million.
Financial Markets
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Fossil Group Beats Q1 Profit Forecasts
Fossil Group Inc. has reported first-quarter profit of $5.8 million.
Financial Markets
Italy's Moncler First Quarter Sales Rise More Than Expected
Moncler has reported a stronger-than-expected 18 percent rise in first quarter sales, boosted by a good performance in China and Japan and strong wholesales in the United States.
Italy's Moncler First Quarter Sales Rise More Than Expected
Moncler has reported a stronger-than-expected 18 percent rise in first quarter sales, boosted by a good performance in China and Japan and strong wholesales in the United States.
Financial Markets
Gap Plummets After Comeback Plan Fails to Revive Sales Growth
Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.
Gap Plummets After Comeback Plan Fails to Revive Sales Growth
Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s comeback hasn’t materialised.
Financial Markets
Cosmetics Maker Avon Posts Surprise Loss
Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
Cosmetics Maker Avon Posts Surprise Loss
Avon Products Inc reported a surprise quarterly loss and a 16 percent drop in revenue as demand fell further in Brazil and China.
Financial Markets
Fitbit Shares Slide as Profit Forecast Misses Estimates
Fitbit Inc. shares plunged in extended trading after the maker of wearable fitness trackers gave a profit forecast that fell short of the lowest analysts’ estimates.
Fitbit Shares Slide as Profit Forecast Misses Estimates
Fitbit Inc. shares plunged in extended trading after the maker of wearable fitness trackers gave a profit forecast that fell short of the lowest analysts’ estimates.
Technology
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
Shopify Jumps After First-Quarter Revenue, 2016 Outlook Beat
E-commerce software provider Shopify Inc. rose in early trading after it reported first-quarter results that beat analysts’ estimates and boosted its full-year outlook as its mobile business continues to grow.
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.