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.
finance
Financial Markets
Perry Ellis Reports Second Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $1.3 million in its fiscal second quarter. The results beat Wall Street expectations.
Perry Ellis Reports Second Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $1.3 million in its fiscal second quarter. The results beat Wall Street expectations.
Financial Markets
L Brands Matches Street 2Q Forecasts
L Brands Inc. on Wednesday reported fiscal second-quarter profit of $202.5 million.
L Brands Matches Street 2Q Forecasts
L Brands Inc. on Wednesday reported fiscal second-quarter profit of $202.5 million.
Financial Markets
Target Raises 2015 Earnings Forecast after Profit Jumps
Target Corp. on Wednesday reported a larger-than-expected rise in quarterly earnings as revenue got a boost from online sales and a program to narrow its product focus.
Target Raises 2015 Earnings Forecast after Profit Jumps
Target Corp. on Wednesday reported a larger-than-expected rise in quarterly earnings as revenue got a boost from online sales and a program to narrow its product focus.
Financial Markets
Urban Outfitters Beats 2Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal second-quarter earnings of $66.8 million. The results surpassed Wall Street expectations.
Urban Outfitters Beats 2Q Profit Forecasts
Urban Outfitters Inc. on Monday reported fiscal second-quarter earnings of $66.8 million. The results surpassed Wall Street expectations.
Financial Markets
Estee Lauder Sales Miss on Lower Skin Care Product Demand
Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales, hurt by less demand for Clinique and Estee Lauder skin care products and a stronger dollar.
Estee Lauder Sales Miss on Lower Skin Care Product Demand
Cosmetics maker Estee Lauder Cos Inc reported lower-than-expected quarterly sales, hurt by less demand for Clinique and Estee Lauder skin care products and a stronger dollar.
Financial Markets
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
J.C. Penney Posts Smaller Loss as Sephora, Menswear Drive Sales
J.C. Penney Co. posted a second-quarter loss that was smaller than analysts estimated as sales of men’s clothing and Sephora cosmetics boosted sales.
Financial Markets
Nordstrom Rises After Full-Year Profit Forecast Tops Estimates
Nordstrom Inc. rose in late trading after forecasting full-year profit that exceeded analysts’ estimates, helped by strengthening sales.
Nordstrom Rises After Full-Year Profit Forecast Tops Estimates
Nordstrom Inc. rose in late trading after forecasting full-year profit that exceeded analysts’ estimates, helped by strengthening sales.
Financial Markets
Coty Beats Street 4Q Forecasts
Coty Inc. on Thursday reported fiscal fourth-quarter net income of $21 million, after reporting a loss in the same period a year earlier. The results beat Wall Street expectations.
Coty Beats Street 4Q Forecasts
Coty Inc. on Thursday reported fiscal fourth-quarter net income of $21 million, after reporting a loss in the same period a year earlier. The results beat Wall Street expectations.
Financial Markets
American Apparel Posts Wider Preliminary Loss Amid Lender Talks
American Apparel Inc. posted a wider second-quarter loss in a preliminary earnings statement and said it won’t be able to report official figures on time because its management is engaged in talks with lenders.
American Apparel Posts Wider Preliminary Loss Amid Lender Talks
American Apparel Inc. posted a wider second-quarter loss in a preliminary earnings statement and said it won’t be able to report official figures on time because its management is engaged in talks with lenders.
Financial Markets
Fossil Group Beats 2Q Profit Forecasts
Fossil Group Inc. on Tuesday reported second-quarter net income of $54.6 million. The results surpassed Wall Street expectations.
Fossil Group Beats 2Q Profit Forecasts
Fossil Group Inc. on Tuesday reported second-quarter net income of $54.6 million. The results surpassed Wall Street expectations.
Financial Markets
Do 'Accessible Luxury' Brands Have an Inherently Limited Lifespan?
Affordable luxury brands can be financial juggernauts. But does their accessible pricing and widespread distribution mean they have an inherently limited lifespan?
Do 'Accessible Luxury' Brands Have an Inherently Limited Lifespan?
Affordable luxury brands can be financial juggernauts. But does their accessible pricing and widespread distribution mean they have an inherently limited lifespan?
Financial Markets
Prada First-Half Sales Miss Estimates as China’s Slump Persists
Prada SpA reported first-half revenue that missed analysts’ estimates as demand for its handbags and wallets in Hong Kong and Macau continued to wane.
Prada First-Half Sales Miss Estimates as China’s Slump Persists
Prada SpA reported first-half revenue that missed analysts’ estimates as demand for its handbags and wallets in Hong Kong and Macau continued to wane.
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.