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
L'Oreal Says Sales Growth to Accelerate in H2
French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.
L'Oreal Says Sales Growth to Accelerate in H2
French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves.
Financial Markets
Avon Tops Street 2Q Forecasts
Avon Products Inc. on Thursday reported second-quarter profit of $28.8 million. The results exceeded Wall Street expectations.
Avon Tops Street 2Q Forecasts
Avon Products Inc. on Thursday reported second-quarter profit of $28.8 million. The results exceeded Wall Street expectations.
Financial Markets
Revlon Posts 2Q Profit
Revlon Inc. on Wednesday reported second-quarter earnings of $26 million.
Revlon Posts 2Q Profit
Revlon Inc. on Wednesday reported second-quarter earnings of $26 million.
Financial Markets
Skechers Rises After Overseas Sales Help Profit Beat Estimates
Skechers USA Inc. surged in late trading after second-quarter sales and profit beat analysts’ estimates, helped by new products and robust overseas growth.
Skechers Rises After Overseas Sales Help Profit Beat Estimates
Skechers USA Inc. surged in late trading after second-quarter sales and profit beat analysts’ estimates, helped by new products and robust overseas growth.
Financial Markets
Quiksilver Said to Hire Restructuring Adviser Peter J. Solomon
Quiksilver Inc. hired restructuring adviser Peter J. Solomon Co. to help it find financing as the surf-wear chain struggles to turn itself around in a crowded teen-apparel business.
Quiksilver Said to Hire Restructuring Adviser Peter J. Solomon
Quiksilver Inc. hired restructuring adviser Peter J. Solomon Co. to help it find financing as the surf-wear chain struggles to turn itself around in a crowded teen-apparel business.
Financial Markets
LVMH Rises After Biggest Profit Boost Since 2012
LVMH Moet Hennessy Louis Vuitton SE rose in Paris trading after the world’s largest luxury-goods maker reported its strongest earnings increase in three years.
LVMH Rises After Biggest Profit Boost Since 2012
LVMH Moet Hennessy Louis Vuitton SE rose in Paris trading after the world’s largest luxury-goods maker reported its strongest earnings increase in three years.
Financial Markets
LVMH Earnings Surge as Leather Goods Sales Accelerate
LVMH Moet Hennessy Louis Vuitton SE reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth.
LVMH Earnings Surge as Leather Goods Sales Accelerate
LVMH Moet Hennessy Louis Vuitton SE reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth.
Financial Markets
Next Increases Full-Year Outlook as Warm Weather Boosts Sales
Next Plc, the UK’s second-largest clothing retailer, increased its outlook for full-year sales and profit after first-half revenue exceeded expectations.
Next Increases Full-Year Outlook as Warm Weather Boosts Sales
Next Plc, the UK’s second-largest clothing retailer, increased its outlook for full-year sales and profit after first-half revenue exceeded expectations.
Financial Markets
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Luxottica Posts Record Q2 Earnings, Confirms Guidance
Luxottica Group SpA, the world’s largest eyewear maker, reported record second-quarter revenue and earnings, boosted by growth in emerging markets.
Financial Markets
Kering Earnings Beat Estimates as Gucci Label Returns to Growth
Kering SA reported first-half earnings that beat analysts’ estimates as sales at the Gucci luxury label grew for the first time in almost two years.
Kering Earnings Beat Estimates as Gucci Label Returns to Growth
Kering SA reported first-half earnings that beat analysts’ estimates as sales at the Gucci luxury label grew for the first time in almost two years.
Financial Markets
Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism
Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month.
Italy Luxury Stocks Targeted by Short Sellers on Asia Pessimism
Traders who bet on declining stock prices are targeting Italian luxury-goods companies, a sign that some investors expect disappointing earnings next month.
Financial Markets
Amazon Surpasses Wal-Mart as Biggest Retailer by Market Value
Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world’s biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company’s stock into record territory.
Amazon Surpasses Wal-Mart as Biggest Retailer by Market Value
Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world’s biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company’s stock into record territory.
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.