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
Nike Investors Cheer First North America Sales Gain Since 2017
The sneaker giant’s North American sales rose 3 percent, its first uptick in four quarters — a sign that the company’s new products are catching on with US shoppers.
Nike Investors Cheer First North America Sales Gain Since 2017
The sneaker giant’s North American sales rose 3 percent, its first uptick in four quarters — a sign that the company’s new products are catching on with US shoppers.
Luxury
Chanel Reveals $10 Billion Revenue for First Time
The fashion group released full-year earnings for the first time, posting revenues of $9.62 billion for 2017, an 11 percent rise from a year earlier.
Chanel Reveals $10 Billion Revenue for First Time
The fashion group released full-year earnings for the first time, posting revenues of $9.62 billion for 2017, an 11 percent rise from a year earlier.
Retail
Lululemon Hits Record High on Revamped Stores
Lululemon's recent push to renovate stores paid off in the latest quarter, with traffic rising in the mid-single digit range.
Lululemon Hits Record High on Revamped Stores
Lululemon's recent push to renovate stores paid off in the latest quarter, with traffic rising in the mid-single digit range.
Financial Markets
Lululemon First-Quarter Profit Beats Expectations
The Canadian athletic apparel maker posted first-quarter profit that beat expectations, as revenue jumped 25 percent.
Lululemon First-Quarter Profit Beats Expectations
The Canadian athletic apparel maker posted first-quarter profit that beat expectations, as revenue jumped 25 percent.
Financial Markets
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
American Eagle Outfitters Sees Record First-Quarter Sales
The company was boosted by strong demand for its Aerie line of lingerie.
Luxury
Calvin Klein Owner PVH Beats Sales, Profit Estimates
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 21 percent.
Calvin Klein Owner PVH Beats Sales, Profit Estimates
Calvin Klein's sales rose 18 percent in the reported quarter, while Tommy Hilfiger reported sales growth of 21 percent.
Financial Markets
Gap Misses First-Quarter Same-Store Sales Estimates
Comparable sales rose 1 percent, while analysts were expecting a 1.67 percent uptick.
Gap Misses First-Quarter Same-Store Sales Estimates
Comparable sales rose 1 percent, while analysts were expecting a 1.67 percent uptick.
Financial Markets
Urban Outfitters First-Quarter Sales Beat Estimates
Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
Urban Outfitters First-Quarter Sales Beat Estimates
Net sales rose 12.4 percent to $855.7 million, beating analysts' average estimate of $838.1 million.
Financial Markets
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Bargain-Hungry Shoppers Help TJX Beat Sales Estimates
Online shopping has taken a toll on traditional brick-and-mortar stores, but TJX has not seen huge cuts in inventory and store closures.
Luxury
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Financial Markets
Nordstrom Sales Disappoint as Reality of Staying Public Sets In
The department store's comparable sales missed analysts’ estimates in its first quarter earnings.
Nordstrom Sales Disappoint as Reality of Staying Public Sets In
The department store's comparable sales missed analysts’ estimates in its first quarter earnings.
Financial Markets
Walmart E-Commerce Sales Rebound
The company said it is on track to increase US e-commerce sales by 40 percent for the full year, after a sharp slowdown during the crucial holiday quarter.
Walmart E-Commerce Sales Rebound
The company said it is on track to increase US e-commerce sales by 40 percent for the full year, after a sharp slowdown during the crucial holiday quarter.
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.