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
Swiss Retailers Feel Lingering Pain from Currency Shock
Last year's 2 billion Swiss franc ($2.1 billion) drop marked the worst retail sales tumble since recordkeeping began in 1980.
Swiss Retailers Feel Lingering Pain from Currency Shock
Last year's 2 billion Swiss franc ($2.1 billion) drop marked the worst retail sales tumble since recordkeeping began in 1980.
Financial Markets
Hudson's Bay Profit Misses as Costs Rise
Department store operator Hudson's Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped.
Hudson's Bay Profit Misses as Costs Rise
Department store operator Hudson's Bay Co reported a smaller-than-expected quarterly profit as expenses soared and sales at established Saks Fifth Avenue stores dropped.
Financial Markets
Next Cuts Sales Outlook, Sees Hardest Year Since 2008
UK clothing retailer Next Plc lowered its full-year sales forecast, saying it may face the toughest year since 2008.
Next Cuts Sales Outlook, Sees Hardest Year Since 2008
UK clothing retailer Next Plc lowered its full-year sales forecast, saying it may face the toughest year since 2008.
Financial Markets
PVH Tops Street 4Q Forecasts
PVH Corp. on Wednesday reported fiscal fourth-quarter earnings of $134.2 million. The results surpassed Wall Street expectations.
PVH Tops Street 4Q Forecasts
PVH Corp. on Wednesday reported fiscal fourth-quarter earnings of $134.2 million. The results surpassed Wall Street expectations.
Financial Markets
Nike’s Third-Quarter Sales Miss Estimates, Hurt by Strong US Dollar
Nike Inc. posted disappointing third-quarter sales and signalled that orders in North America and some overseas markets are increasing more slowly than projected.
Nike’s Third-Quarter Sales Miss Estimates, Hurt by Strong US Dollar
Nike Inc. posted disappointing third-quarter sales and signalled that orders in North America and some overseas markets are increasing more slowly than projected.
Financial Markets
Hermès Full-Year Earnings Beat Estimates, Buoyed by Leather Goods, Japan
Hermès International SCA reported full-year earnings that beat analysts’ estimates, buoyed by sales of leather goods and demand in Japan.
Hermès Full-Year Earnings Beat Estimates, Buoyed by Leather Goods, Japan
Hermès International SCA reported full-year earnings that beat analysts’ estimates, buoyed by sales of leather goods and demand in Japan.
Financial Markets
Tiffany's Sales Drop 5.6 Percent in Holiday Quarter
Tiffany & Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets.
Tiffany's Sales Drop 5.6 Percent in Holiday Quarter
Tiffany & Co's sales fell 5.6 percent in the holiday quarter as a strong dollar hurt tourist spending at its stores in the United States and ate into revenue from other markets.
Financial Markets
Ferragamo Shares Jump in Milan After Earnings Exceed Estimates
Salvatore Ferragamo SpA rose in early Milan trading after reporting quarterly earnings that beat estimates and forecasting “a positive year” amid a tough industry backdrop.
Ferragamo Shares Jump in Milan After Earnings Exceed Estimates
Salvatore Ferragamo SpA rose in early Milan trading after reporting quarterly earnings that beat estimates and forecasting “a positive year” amid a tough industry backdrop.
Financial Markets
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Aeropostale Will Explore Strategic Alternatives as Losses Deepen
Aeropostale Inc., the teen-apparel chain working to turn around its falling sales, plans to review strategic alternatives for the business after reporting a wider fourth-quarter loss.
Financial Markets
Guess Misses 4Q Profit Forecasts
Guess Inc. on Wednesday reported fiscal fourth-quarter earnings of $47.8 million. The results did not meet Wall Street expectations.
Guess Misses 4Q Profit Forecasts
Guess Inc. on Wednesday reported fiscal fourth-quarter earnings of $47.8 million. The results did not meet Wall Street expectations.
Financial Markets
Inditex Profit Rises at Fastest Pace in Three Years on Expansion
Inditex SA reported its fastest annual profit growth in three years as it added stores and expanded online sales.
Inditex Profit Rises at Fastest Pace in Three Years on Expansion
Inditex SA reported its fastest annual profit growth in three years as it added stores and expanded online sales.
Financial Markets
Urban Outfitters Beats 4Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal fourth-quarter earnings of $72.9 million. The results exceeded Wall Street expectations.
Urban Outfitters Beats 4Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal fourth-quarter earnings of $72.9 million. The results exceeded Wall Street expectations.
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.