Macy’s Inc. said earnings will be weaker than previously expected for the full year, underscoring the uncertainty around US consumer spending through the remainder of …
Demand
Nordstrom Beats Quarterly Sales Estimates as Apparel Demand Holds Up
Nordstrom Inc beat market estimates for first-quarter sales on Wednesday as demand from wealthy shoppers cushioned a wider, inflation-driven slowdown in spending on clothing and …
Luxury Stocks Lose $30 Billion in One Day on Demand Fears
A blistering rally in luxury goods stocks this year powered by international demand, particularly from China, has taken a hit, wiping out more than $30 …
Germany’s Symrise Q1 Sales Rise as Demand Stays Strong
German flavour and fragrance maker Symrise on Wednesday posted a jump in first-quarter sales broadly in line with forecasts, citing robust demand across the board …
Luxury Fortunes Jump $93 Billion on Demand Boom for Hermès, Dior
A global shopping splurge on luxury goods and beauty products is making some of the world’s richest people even richer. Francoise Bettencourt Meyers, 69, the …
Alibaba Units’ Possible IPOs Spark Hot Investor Demand
Shares of Alibaba Group Holding Ltd.’s units that may soon become public are expected to be in high demand as the breakup unleashes value in …
Lululemon Sees 2023 Sales, Profit Above Estimates on Steady Demand
Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing …
Levi Revenue Beats Expectations as Denim Demand Holds Up
Levi Strauss & Co. reported quarterly revenue that exceeded expectations, suggesting fears of a denim slowdown were overblown amid strong momentum in the direct-to-consumer business …
US Holiday Sales Miss Estimates as Inflation Weighs on Demand
US holiday sales rose by 5.3 percent, but fell short of estimates, as shoppers feeling the brunt of stubbornly high inflation pulled forward purchases to …
The BoF Podcast: Jasmine Hemsley: ‘We Must Demand a More Nurturing and Supportive Way of Life’
OXFORDSHIRE, United Kingdom — Jasmine Hemsley, founder of Hemsley + Hemsley, chef, author and wellness expert took to the stage at VOICES 2018 to explain …
Lululemon Raises Annual Revenue Forecast on Strong Demand for Sportswear
Lululemon Athletica Inc raised full-year revenue forecast on Thursday, signaling strong demand from affluent US consumers for its high-priced yoga pants, running shorts and belt …
Cucinelli Sees 28% Sales Growth This Year, Strong Demand in 2023
Italian fashion group Brunello Cucinelli on Tuesday raised its sales guidance for 2022 for the third time this year, saying that demand for luxury goods …
Fragrance Industry Is a Luxury Standout as Demand Keeps Roaring
Glassmaker Pochet du Courval SAS has been making perfume bottles for the world’s top beauty brands since before the telephone was invented, through countless consumer booms …
H&M Cuts 1,500 Jobs as Inflation Hits Demand
Swedish fashion giant H&M on Wednesday became the first big European retailer to start layoffs by announcing 1,500 job cuts owing to softening demand as …
Gap Beats Quarterly Estimates on Steady Demand for Formal Clothing
Gap Inc beat Wall Street estimates for quarterly sales and profit on Thursday, helped by steady demand from affluent consumers for its formal clothing and …
Ralph Lauren Beats Sales Estimates as Demand Holds Up
Ralph Lauren Corp on Thursday topped market estimates for quarterly revenue, as wealthier shoppers unaffected by inflation splurged on the company’s high-end clothing and footwear. …
Under Armour Cuts Annual Forecasts as Sportswear Demand Slumps
Under Armour Inc cut its annual revenue and profit forecasts on Thursday, as the sporting goods company contends with weakening demand from consumers ahead of …
China Warns Waning Global Demand Is Top Threat to Trade
Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects …
2022′s Holiday Delivery Challenge: Softening E-Commerce Demand
FedEx, United Parcel Service and other delivery firms that struggled with too much pandemic-fueled demand from online retailers like Amazon and Walmart, now have the …
American Eagle Earnings Disappoint as Inflation Hits Apparel Demand
American Eagle Outfitters Inc on Wednesday missed second-quarter profit estimates and said it would pause quarterly dividend as it fortifies its finances against a hit …