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 Posted a Fourth Straight Quarter of Sales Growth
Same-store sales rose 13 percent — among the highest upticks in sales this quarter.
Urban Outfitters Posted a Fourth Straight Quarter of Sales Growth
Same-store sales rose 13 percent — among the highest upticks in sales this quarter.
Financial Markets
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
TJ Maxx Retains Investor Appeal as Sales Accelerate
With comparable sales growth of 6 percent, TJX joins Nordstrom as one of the second quarter’s retail winners.
Financial Markets
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
The Diverging Paths of America’s Favourite Department Stores
Retail spending may be on the rise, but as consumers face an ever-growing number of retail options online and off, the least savvy players are getting left in the dust.
Financial Markets
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
Nordstrom Avoids Department-Store Carnage as Sales Accelerate
The Seattle-based chain posted a 23 percent gain in e-commerce sales and 4 percent uptick in same-store sales overall in its latest earnings report.
Luxury
Tapestry Now Sees China as a Key Market
The house of fashion brands, which owns Coach, Kate Spade and Stuart Weitzman, has taken measures to gain more control over its business in Asia.
Tapestry Now Sees China as a Key Market
The house of fashion brands, which owns Coach, Kate Spade and Stuart Weitzman, has taken measures to gain more control over its business in Asia.
Financial Markets
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Kate Spade Eyes Rebound as It Breaks Away From Flash Sale Past
The recovering label, known for its happy-go-lucky style, had been struggling to win back customers after growing too ubiquitous with aggressive flash sales.
Financial Markets
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Zalando Trims Outlook After Disappointing Quarter
Europe's biggest pure online fashion retailer's quarterly results fell short of analyst expectations, even though it reported a record number of active customers.
Retail
Next's Second Quarter Sales Boosted by Britain's Hot Summer
The positive performance followed a very strong first quarter for the fashion retailer against an easy comparative a year ago.
Next's Second Quarter Sales Boosted by Britain's Hot Summer
The positive performance followed a very strong first quarter for the fashion retailer against an easy comparative a year ago.
Financial Markets
Prada Has Something to Prove
This Monday, everyone will be talking about Prada's moment of reckoning, Instagram's advertising conundrum, Trump's trade war and Gucci's "disappointing" growth. Read our Cheat Sheet.
Prada Has Something to Prove
This Monday, everyone will be talking about Prada's moment of reckoning, Instagram's advertising conundrum, Trump's trade war and Gucci's "disappointing" growth. Read our Cheat Sheet.
Luxury
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
Luxury's Giants Look to Extend Their Winning Streak
This Monday, everyone will be talking about LVMH and Kering's upcoming financial results, the Swiss watch industry's rebound and new documentaries about Alexander McQueen and Kevyn Aucoin. Read our Cheat Sheet.
Financial Markets
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
EBay Rattles Investors Already Spooked by Threat of Amazon
The online marketplace missed on sales and trimmed its 2018 revenue outlook.
Financial Markets
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 million).
Swatch Reports Highest Profit in Three Years Amid Watch Rebound
Operating income rose 70 percent in the first half to 629 million francs ($628 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.