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Financial Markets

Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump

Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.

Financial Markets

Burberry to Reduce Size of Hong Kong Flagship Store Amid Slump

Burberry Group Plc is to scale back its biggest store in Hong Kong as it seeks to mitigate slumping demand in the island city.


Financial Markets

Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop

Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.

Financial Markets

Burberry Beats Estimates as Luxury Maker Battles Tough Backdrop

Burberry Group Plc reported first-half profit that beat analysts’ estimates as cost savings helped offset slowing revenue growth.


Financial Markets

Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth

Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.

Financial Markets

Hermès Third-Quarter Revenue Rises on Japanese Luxury Growth

Hermès International SCA said third-quarter sales rose 15 percent as Chinese tourists taking advantage of the weak yen fueled demand in Japan.


Financial Markets

Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns

Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.

Financial Markets

Alibaba Singles’ Day Draws Record Sales Amid Economic Concerns

Alibaba Group Holding Ltd. flexed its e-commerce muscle by logging a record 91.2 billion yuan ($14.3 billion) in sales during its Singles’ Day promotion.


Financial Markets

Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits

Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.

Financial Markets

Yoox Net-a-Porter Raises Savings Estimate Amid Merger Benefits

Yoox Net-a-Porter SpA raised its estimate for annual cost savings as it reported its first quarterly earnings since the merger that created the company.


Financial Markets

Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel

Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.

Financial Markets

Macy’s Sales Trail Estimates Amid Sluggish Demand for Apparel

Macy’s Inc., the largest U.S. department-store company, posted third-quarter sales that missed analysts’ estimates amid sluggish demand for apparel.


Financial Markets

Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total

Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.

Financial Markets

Alibaba Says Singles' Day Sales Surpass Last Year's $9.3 Billion Total

Alibaba Group Holdings Ltd said on Wednesday the value of merchandise it has sold so far during the Singles' Day online shopping extravaganza had surpassed last year's total of $9.3 billion.


Financial Markets

Pandora Third-Quarter Earnings Miss Estimates on US Slowdown

Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.

Financial Markets

Pandora Third-Quarter Earnings Miss Estimates on US Slowdown

Pandora A/S reported third-quarter earnings that missed estimates as the Danish jeweler’s US sales growth weakened due to a change in promotional strategy.


Financial Markets

Macy’s, Kohl’s Tumble After Citigroup Warns of ‘Tough Quarter’

Shares of Macy’s Inc. and Kohl’s Corp. declined after Citigroup Inc. cut its earnings estimates for the companies, saying the industry is suffering from a sales slowdown and inventory glut.

Financial Markets

Macy’s, Kohl’s Tumble After Citigroup Warns of ‘Tough Quarter’

Shares of Macy’s Inc. and Kohl’s Corp. declined after Citigroup Inc. cut its earnings estimates for the companies, saying the industry is suffering from a sales slowdown and inventory glut.


Financial Markets

Puma Earnings Top Estimates on Running and Training Shoe Sales

Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.

Financial Markets

Puma Earnings Top Estimates on Running and Training Shoe Sales

Puma SE reported a smaller drop in third-quarter profit than analysts expected on stronger sales of running and training shoes.


Financial Markets

Richemont Earnings Miss Analyst Estimates on Weak Watch Demand

Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.

Financial Markets

Richemont Earnings Miss Analyst Estimates on Weak Watch Demand

Richemont forecast a challenging second half and reported first-half earnings that trailed analyst estimates amid weak demand for watches.


Financial Markets

Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs

Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.

Financial Markets

Ralph Lauren Profit Tops Estimates as Restructuring Cuts Costs

Ralph Lauren Corp. posted second-quarter profit that exceeded analysts’ estimates as its cost-saving reorganisation efforts begin to show results.