Swatch CEO Warns Iran War Is Weighing on Watchmaker’s Sales
The company has more than 200 stores in the Middle East, said chief executive officer Nick Hayek.
finance
Financial Markets
Gap Lowers Profit Forecast as Sales Slump at Namesake Brand
SAN FRANCISCO, United States — Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand
Gap Lowers Profit Forecast as Sales Slump at Namesake Brand
SAN FRANCISCO, United States — Gap Inc., the biggest U.S. apparel- focused retailer, cut its annual profit forecast as sales at its namesake brand
Financial Markets
Perry Ellis Reports Third-Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Perry Ellis Reports Third-Quarter Loss
Perry Ellis International Inc. on Thursday reported a loss of $437,000 in its fiscal third quarter. The results fell short of Wall Street expectations.
Financial Markets
Hugo Boss Targets Emerging Markets to Counter Slowdowns
Hugo Boss AG, the German maker of narrow-cut suits and Jason Wu-designed dresses, will strive for high single-digit percentage sales growth in coming years by focusing on emerging economies.
Hugo Boss Targets Emerging Markets to Counter Slowdowns
Hugo Boss AG, the German maker of narrow-cut suits and Jason Wu-designed dresses, will strive for high single-digit percentage sales growth in coming years by focusing on emerging economies.
Financial Markets
Urban Outfitters Misses 3Q Forecasts
PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $47.1 million.
Urban Outfitters Misses 3Q Forecasts
PHILADELPHIA, United States — Urban Outfitters Inc. on Monday reported fiscal third-quarter profit of $47.1 million.
Financial Markets
H&M's October Sales Up 14%, Surpasses Estimates
Hennes & Mauritz AB’s October sales growth exceeded analysts’ estimates, giving a boost to shares of Europe’s second-biggest clothing retailer.
H&M's October Sales Up 14%, Surpasses Estimates
Hennes & Mauritz AB’s October sales growth exceeded analysts’ estimates, giving a boost to shares of Europe’s second-biggest clothing retailer.
Financial Markets
Nordstrom Beats 3Q Estimates
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $142 million. The results exceeded Wall Street expectations.
Nordstrom Beats 3Q Estimates
Nordstrom Inc. on Thursday reported fiscal third-quarter earnings of $142 million. The results exceeded Wall Street expectations.
Financial Markets
Macy’s Net Jumped 23% While Sales Slump Lingered
Macy’s Inc., the largest U.S. department-store chain, posted a 23 percent gain in net income last quarter after the company cut expenses, helping it weather disappointing sales.
Macy’s Net Jumped 23% While Sales Slump Lingered
Macy’s Inc., the largest U.S. department-store chain, posted a 23 percent gain in net income last quarter after the company cut expenses, helping it weather disappointing sales.
Financial Markets
Burberry H1 Profit Drops in Difficult Luxury Environment
LONDON, United Kingdom — Burberry Group Plc said it sees a tougher climate for luxury goods after currency fluctuations led the U.K. maker of $1,600
Burberry H1 Profit Drops in Difficult Luxury Environment
LONDON, United Kingdom — Burberry Group Plc said it sees a tougher climate for luxury goods after currency fluctuations led the U.K. maker of $1,600
Financial Markets
Abercrombie Plunges After 3Q Earnings Miss Estimates
NEW YORK, United States – Abercrombie & Fitch Co., the clothing chain struggling to win back once-loyal teen shoppers, fell as much as 14 percent
Abercrombie Plunges After 3Q Earnings Miss Estimates
NEW YORK, United States – Abercrombie & Fitch Co., the clothing chain struggling to win back once-loyal teen shoppers, fell as much as 14 percent
Financial Markets
Gap Shares Surge After 3Q Earnings Exceed Estimates
Gap Inc. shares rose as much as 6.1 percent in late trading after preliminary third-quarter earnings topped analysts’ estimates, helped by cost cuts and a tax gain.
Gap Shares Surge After 3Q Earnings Exceed Estimates
Gap Inc. shares rose as much as 6.1 percent in late trading after preliminary third-quarter earnings topped analysts’ estimates, helped by cost cuts and a tax gain.
Financial Markets
Puma Raises 2014 Sales Outlook as Footwear Revenue Rebounds
Puma SE boosted its outlook for 2014 sales as the footwear maker’s investment in a new ad campaign and sponsorships started to take hold.
Puma Raises 2014 Sales Outlook as Footwear Revenue Rebounds
Puma SE boosted its outlook for 2014 sales as the footwear maker’s investment in a new ad campaign and sponsorships started to take hold.
Financial Markets
Richemont Profit Hit By Asian Slowdown
ZURICH, Switzerland — Cie. Financiere Richemont SA, the world's largest jewelry maker, reported first-half operating profit that missed analysts'
Richemont Profit Hit By Asian Slowdown
ZURICH, Switzerland — Cie. Financiere Richemont SA, the world's largest jewelry maker, reported first-half operating profit that missed analysts'
The News in Brief
Macy’s Issues ‘Prudent’ 2026 Guidance on Geopolitical Risks
The retailer issued a cautious full-year forecast for sales and profit despite strong performance at Bloomingdale’s, which has benefited from shoppers seeking alternatives to struggling rival Saks Global.
Court Temporarily Allows Perplexity AI Shopping ‘Agents’ on Amazon
The decision has put a hold on a previous ruling that had blocked Perplexity’s agents from shopping on Amazon.
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.
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.