PARIS – Hermès’ full-year sales topped €15 billion ($16 billion) last year, rising 15 percent excluding currency shifts despite a tough market for luxury brands. …
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China
Crocs Inc. Sales Rise Thanks to China and North America
Crocs Inc.’s winning streak isn’t over yet. The footwear company announced Thursday that its revenue grew 4 percent year over year to $4.1 billion in …
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday. Results beat analyst expectations; shares surged 9.5 percent just …
Temu, Shein See US Sales Drop After Trump Targets China Trade
Online shopping giants Temu and Shein have seen a sustained drop in sales in the week after US President Donald Trump scrapped a duty exemption …
Shiseido Profits Plummet 73% on Weak China Demand
Japanese cosmetics giant Shiseido said on Monday its full-year profit slumped 73 percent, partly due to a drop in consumer spending in key overseas market …
The BoF Podcast | Why India Will Not Be The Next China for Luxury
The author has shared a Podcast.You will need to accept and consent to the use of cookies and similar technologies by our third-party partners (including: …
L’Oréal Sales Miss Estimates as China Demand Remains Weak
L’Oréal SA’s fourth-quarter sales fell short of analysts’ estimates after demand in the US failed to make up for a continued downturn in China. Sales …
Canada Goose Trims Annual Profit Forecast on Dipping China Demand
Canada Goose Holdings trimmed its annual profit forecast and missed quarterly revenue estimates on Thursday due to choppy sales in key luxury goods market China, …
US Postal Service Reverses Decision to Halt China Shipments
The US Postal Service said it’s accepting “all international inbound mail and packages” from China and Hong Kong Posts, walking back an announcement made only …
China Targets PVH Corp. in Retaliation Against US Tariffs
China placed Calvin Klein owner PVH Corp. and US gene sequencing company Illumina Inc. to a so-called blacklist of entities, among a series of retaliatory …
Luxury’s China Priorities in the Year of the Snake
China was at the epicentre of luxury’s poor performance last year. From LVMH to Richemont, companies saw declining demand in the market that was once …
De Minimis’: The Trade Perk Trump May End as China Tensions Rise, Explained
President Donald Trump is considering changing a key US trade benefit to other nations, the “de minimis” exemption on import tariffs, as he accuses China …
De Minimis’: The Trade Perk Trump May End as China Tensions Rise, Explained
President Donald Trump is considering changing a key US trade benefit to other nations, the “de minimis” exemption on import tariffs, as he accuses China …
Trump Stirs Tariff Pot With Fresh Threats on EU and a Feb 1 Deadline for China
US President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10 percent punitive duty …
China Says PVH Engaged in “Improper” Conduct Related to Xinjiang
Preliminary findings showed that PVH Corp (PVH.N), the parent company of Calvin Klein and Tommy Hilfiger, engaged in “improper” conduct related to the Xinjiang region, …
Uniqlo Owner Reports Strong Growth in All Markets But China
Uniqlo owner Fast Retailing Co. reported strong growth in revenue and operating profit for the three months through November, as robust demand across Japan, North …
Shein Representative Declines to Answer China Cotton Question in UK Hearing
A Shein representative declined to provide a direct answer when asked by a British parliamentary committee on Tuesday whether the online fast-fashion retailer uses cotton …
China Cotton Group Urges Uniqlo and Others to Use Xinjiang Fibre
A Chinese industry association urged international companies to use cotton produced in Xinjiang after the head of Uniqlo’s parent said the fashion retailer doesn’t source …
Uniqlo Parent Watching for China Boycott After CEO’s Xinjiang Remarks
Yanai’s remark has become a popular topic of discussion on Chinese social networking sites and Yamaguchi-based Fast Retailing is “watching the situation carefully,” including the …
Where Fashion Is Finding Growth in Asia as China Stalls
Opens in new window After years of impressive growth, China’s economy is now worth $18 trillion and its apparel market is the second largest in …