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.
earnings-report
Luxury
Farfetch Sees Path to Profitability — in 2021
The online luxury marketplace’s sales soared and losses narrowed, easing investors’ concerns about the company’s business model.
Farfetch Sees Path to Profitability — in 2021
The online luxury marketplace’s sales soared and losses narrowed, easing investors’ concerns about the company’s business model.
Luxury
Burberry Teams With Chinese Internet Giant Tencent as Sales Fall in Hong Kong
Brand sales declined by a double-digit percentage in Hong Kong in the latest period.
Burberry Teams With Chinese Internet Giant Tencent as Sales Fall in Hong Kong
Brand sales declined by a double-digit percentage in Hong Kong in the latest period.
Financial Markets
There’s a New Stock Market Darling in the World of Fast Fashion
British online retailer Boohoo posted a record market value of £3.3 billion, while Asos shares fall.
There’s a New Stock Market Darling in the World of Fast Fashion
British online retailer Boohoo posted a record market value of £3.3 billion, while Asos shares fall.
Financial Markets
China's JD.com Beats Revenue Estimates, Forecasts Upbeat Q3 Sales
The Chinese e-commerce company beat Wall Street's earnings estimates, with total net revenue rising by 22.9 percent and shares up by 5 percent.
China's JD.com Beats Revenue Estimates, Forecasts Upbeat Q3 Sales
The Chinese e-commerce company beat Wall Street's earnings estimates, with total net revenue rising by 22.9 percent and shares up by 5 percent.
Financial Markets
After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
The Chinese companies are likely to rebound from trade war losses since May, with Alibaba's revenue projected to grow by 38 percent and Tencent's revenue is expected to grow by 27 percent.
After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
The Chinese companies are likely to rebound from trade war losses since May, with Alibaba's revenue projected to grow by 38 percent and Tencent's revenue is expected to grow by 27 percent.
Financial Markets
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Amazon's Big Spending Dents Profit and Trims Forecast
Amazon said it would spend $800 million in the second quarter to move to one-day delivery for its best customers, trying to maintain its fast-shipping advantage over rivals like Walmart.
Financial Markets
LVMH's Creative Reshuffles Pay Off
The luxury conglomerate's sales breezed past analysts’ estimates as creative revamps at its Louis Vuitton and Christian Dior fashion brands helped fuel growth.
LVMH's Creative Reshuffles Pay Off
The luxury conglomerate's sales breezed past analysts’ estimates as creative revamps at its Louis Vuitton and Christian Dior fashion brands helped fuel growth.
Financial Markets
Nike Misses Earnings Estimates for First Time in Seven Years
The sportswear manufacturer reported earnings below expectations due to higher overhead expenses and a steeper tax bill.
Nike Misses Earnings Estimates for First Time in Seven Years
The sportswear manufacturer reported earnings below expectations due to higher overhead expenses and a steeper tax bill.
Financial Markets
All Eyes On G20 As Trump and Xi Give Trade Talks Another Try
This week everyone will be talking about the trade talks at the G20 Summit, H&M's latest earnings and In Goop Health's first summit in London. Read our BoF Professional Cheat Sheet.
All Eyes On G20 As Trump and Xi Give Trade Talks Another Try
This week everyone will be talking about the trade talks at the G20 Summit, H&M's latest earnings and In Goop Health's first summit in London. Read our BoF Professional Cheat Sheet.
Retail
Lululemon Beats Quarterly Estimates and Raises Full-Year Forecast
Lululemon's total comparable sales, a key indicator for the company's business, rose 14%, while analysts on average had expected a rise of 11.6%.
Lululemon Beats Quarterly Estimates and Raises Full-Year Forecast
Lululemon's total comparable sales, a key indicator for the company's business, rose 14%, while analysts on average had expected a rise of 11.6%.
Retail
What Abercrombie & Fitch’s Reality Check Says About the State of Retail
Slow sales at the mall retailer surprised analysts who had seen the company’s turnaround as a success story.
What Abercrombie & Fitch’s Reality Check Says About the State of Retail
Slow sales at the mall retailer surprised analysts who had seen the company’s turnaround as a success story.
Financial Markets
Canada Goose Shares Slide 20% on Missing Analyst Estimates
The luxury parka brand had its the first revenue miss since going public in 2017.
Canada Goose Shares Slide 20% on Missing Analyst Estimates
The luxury parka brand had its the first revenue miss since going public in 2017.
The News in Brief
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.
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.