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.
earnings
Luxury
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Luxury
This Week: Has Luxury Hit Bottom?
LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift.
This Week: Has Luxury Hit Bottom?
LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift.
Sports
Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO
Sales missed expectations and the company withdrew its guidance, laying bare the challenges facing Elliott Hill as he prepares to lead the brand.
Nike’s Plunging Sales Reveal the Difficult Task Ahead for Incoming CEO
Sales missed expectations and the company withdrew its guidance, laying bare the challenges facing Elliott Hill as he prepares to lead the brand.
Retail
This Week: Nike’s Next Chapter Begins
Quarterly earnings on Tuesday are likely to paint a bleak picture, but also provide the new regime an opportunity to lay groundwork for a recovery.
This Week: Nike’s Next Chapter Begins
Quarterly earnings on Tuesday are likely to paint a bleak picture, but also provide the new regime an opportunity to lay groundwork for a recovery.
Luxury
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Mytheresa Grows Sales Amid Continued Focus on Top Clients
After surviving the luxury e-commerce slowdown this year, Mytheresa is preparing for the future by introducing new initiatives to retain its stronghold on its highest spending customers.
Retail
Victoria’s Secret Relaunches Activewear Line VSX
The lingerie giant is set to reenter the category it exited in recent years with a new performance-driven collection.
Victoria’s Secret Relaunches Activewear Line VSX
The lingerie giant is set to reenter the category it exited in recent years with a new performance-driven collection.
Retail
A Reality Check for Temu
Growth is slowing, competition is getting intense and regulators have the fast-fashion retailer in their sights. But despite investor panic over its prospects, Temu remains an e-commerce powerhouse — one that Western competitors must continue to watch.
A Reality Check for Temu
Growth is slowing, competition is getting intense and regulators have the fast-fashion retailer in their sights. But despite investor panic over its prospects, Temu remains an e-commerce powerhouse — one that Western competitors must continue to watch.
Retail
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Gap, Foot Locker, Abercrombie and other retailers issued cautious outlooks for the remainder of the year even as they reported strong second-quarter sales. It’s the latest indication that all is not well with American consumers.
Retail
This Week: Retail Earnings Get Messy
Gap, Abercrombie, Lululemon and others report results this week, amid growing concerns about a pullback in consumer spending.
This Week: Retail Earnings Get Messy
Gap, Abercrombie, Lululemon and others report results this week, amid growing concerns about a pullback in consumer spending.
Luxury
Where Does Accessible Luxury Go From Here?
This week, Coach owner Tapestry reports full-year results amid a slowing US economy and stalled takeover bid for Michael Kors parent Capri.
Where Does Accessible Luxury Go From Here?
This week, Coach owner Tapestry reports full-year results amid a slowing US economy and stalled takeover bid for Michael Kors parent Capri.
Luxury
Miu Miu Revenues Double In First Half, Extending Industry-Beating Run
Owner Prada Group reported first-half retail sales up 18 percent, spurred by red-hot Miu Miu, even as the sector's biggest groups reported falling sales.
Miu Miu Revenues Double In First Half, Extending Industry-Beating Run
Owner Prada Group reported first-half retail sales up 18 percent, spurred by red-hot Miu Miu, even as the sector's biggest groups reported falling sales.
Luxury
Hermès Outshines Rivals With Big Sales Jump
Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations.
Hermès Outshines Rivals With Big Sales Jump
Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations.
The News in Brief
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.
France’s Bid to Suspend Shein’s Marketplace Rejected by Appeals Court
The decision from Paris’ Court of Appeal marked a win for the fast-fashion giant after a scandal over sex dolls resembling children for sale on its site.
Coty Announces Board Revamp
The embattled Covergirl owner has appointed five new independent directors amidst a wider leadership and company shakeup.