Qatar Investment Authority Eyes 10% Stake in Golden Goose
Qatar’s sovereign wealth fund is preparing to buy a stake in Italian sneaker maker Golden Goose, Corriere della Sera reported Saturday.
earnings-forecast
Retail
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
Gap Shares Drop as Dismal Store Traffic Drags Down July Sales
Gap fell in late trading after posting July comparable sales that missed analysts’ estimates and indicated that foot traffic at its stores might not improve as much as expected later in the year.
News & Analysis
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
Shiseido Cuts Forecasts as Stronger Yen and Acquisition Costs Drag Profit
Shiseido lowered its full-year net income forecast 13 percent, missing analysts estimates, as a stronger yen and the costs of its recent acquisitions dragged on profit.
News & Analysis
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Hugo Boss Lowers Profit Outlook as Sales Slow
Hugo Boss lowered its profit forecast for 2016 as it reported a fall in second-quarter sales, highlighting the challenge facing new chief executive officer Mark Langer.
Financial Markets
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Shopify Jumps After Raising Revenue Forecast, Beating Estimates
Shopify bumped up its annual revenue forecast for the second time this year, sending the shares up the most in almost six months.
Financial Markets
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Next Second-Quarter Sales Accelerate as Profit Outlook Tightened
The UK's second largest clothing retailer said sales accelerated on new store openings as it sharpened its sales and profit forecast for the year.
Financial Markets
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Adidas Raises Full-Year Forecast Amid Boost From Chelsea Payment
Adidas increased its full-year forecast as brand sales benefited from the Euro 2016 soccer tournament and it pocketed a payment to end a sponsorship deal with England’s Chelsea soccer club early.
Retail
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
Fast Retailing Cuts Profit Forecast 3rd Time This Year
Fast Retailing cut its full-year profit forecast for the third time in six months as billionaire chairman Tadashi Yanai seeks to win back budget-minded Japanese shoppers with a low-price strategy.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
Financial Markets
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Financial Markets
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Online Retailer Boohoo.com Raises Full-Year Sales Forecast
Boohoo.com Plc has nudged up its full-year sales forecast, after a rise in new customers helped first-quarter revenue beat its expectations.
Financial Markets
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Oxford Industries Misses Street 1Q Forecasts
The owner of the Tommy Bahama, Lilly Pulitzer, Ben Sherman, Lanier Clothes and Ben Sherman clothing lines posted revenue of $256.2 million falling short of Street forecasts.
Financial Markets
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
Michael Kors Rises After Forecast Exceeds Analysts’ Projections
Michael Kors released early summer products — including some that aren't available at other retailers — to bring customers into its stores.
The News in Brief
Retailers Push UK to Join US and EU Ending Shein Parcel Loophole
British retailers are pushing the UK government to end a tax loophole that has helped online giants Shein and Temu make significant inroads and gain market share.
Exclusive: Deciem to Relaunch The Chemistry Brand
The Estée Lauder-owned beauty company and The Ordinary parent will relaunch one of its original brands as it moves to rekindle its reputation for incubation.
De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
L’Oréal India in Talks to Acquire Beauty Company Innovist
L’Oréal is in advanced talks to acquire a majority stake in Bare Anatomy parent Innovist sources told The Economic Times India.
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Glossier Appoints New CMO
Nicole Solorzano, who joins from Ouai, is the Millennial beauty brand’s latest hire.
Macy’s CEO Points to E-Shaped Economy, Signalling Consumer Shift
The mention of a forked economy by the head of America’s largest department store signals a heightened wariness that middle-income Americans will continue to spend at the same pace.