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-report
Financial Markets
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Urban Outfitters Misses First Quarter Forecasts
Urban Outfitters Inc. on Tuesday reported fiscal first-quarter earnings of $11.9 million.
Luxury
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
The New Retail
This week, LVMH confirmed the launch of 24 Sèvres, its long-awaited return to multi-brand e-commerce. But the once-distinct worlds of online and offline retail are converging, giving birth to a new retail reality.
Retail
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Hudson's Bay Shares Drop on Disappointing Sales
Shares in the department store chain owner fell by more than 6 percent after it reported disappointing quarterly same-store sales figures, hurt by fewer customers shopping in its stores.
Luxury
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Op-Ed | For Richemont, There Can Be Such a Thing as Too Many Luxury Watches
Richemont's approach shows a continuation of the disciplined stance it took during the latest luxury downturn, buying back excess stock and cutting about 300 Swiss staff to curb costs.
Luxury
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Richemont Shares Fall by 5 Percent After It Misses Profit Expectations
Shares in the luxury goods group fell 5.6 percent, after it said the trading environment would stay volatile. Richemont reported net profits fell below expectations but sales growth picked up towards the end of its fiscal year to March.
Luxury
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Nordstrom Shares Slip as It Fails to Avoid Retail Slump
The upmarket department store chain is suffering from sluggish store traffic and consumers’ growing preference to buy online.
Retail
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Macy's Shares Tumble After Weak Quarterly Sales
New chief executive officer Jeff Gennette faces declining foot traffic in malls, race-to-the-bottom discounts among his competition, and a shrinking customer base.
Financial Markets
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Snap Shares Tumble After New Users and Sales Growth Slow
The company's social media app added fewer users than projected in the first quarter, a sign that it may have trouble expanding its audience as social-media giant Facebook copies its most popular features.
Financial Markets
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Snap's First Earnings To Shed Light on Battle With Facebook, Twitter
Investors in the social media app are eager to avoid one in particular when the company reports its earnings for the first time since its initial public offering: a plunging stock price.
Financial Markets
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Coty Reports Third-Quarter Loss
Shares in the beauty company have dropped nearly 3 percent since the beginning of the year.
Financial Markets
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Estée Lauder Tops Third Quarter Forecasts
The luxury beauty conglomerate posted revenue of $2.86 billion in the period, which also beat Street forecasts.
Financial Markets
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 million.
Coach Tops Third Quarter Profit Forecasts
Coach Inc on Tuesday reported fiscal third-quarter profit of $122.2 million.
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.