Beiersdorf on Thursday raised its annual forecast for organic sales a second time this year, after its core brand Nivea and high sunscreen demand drove …
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Demand
Puma Highlights ‘Volatile’ Demand After Rise in Second-Quarter Sales
German sportswear retailer Puma’s second-quarter sales grew by 11 percent, the company reported on Wednesday, slightly ahead of market expectations thanks to stronger revenues from …
Unilever Shares Gain on Resilient Demand as Inflation Cools
Unilever Plc shares advanced as the maker of Dove soap moderated price increases on personal care and beauty products, leading to a rebound in purchases …
LVMH Q2 China Rebound Offsets Weakening US Demand
LVMH sales in the second-quarter were buoyed by a strong rebound in Chinese spending, helping to offset weakening demand from aspirational customers in the US, …
Swiss Watch Exports Jump Again in June as Demand Stays Strong
Swiss watch exports jumped again in June as demand for pricey luxury timepieces from the US and China stayed strong. Shipments surged by 14 percent …
US Retail Sales Edge Higher as Key Metric Shows Resilient Demand
US retail sales rose by less than forecast, while an underlying measure of household spending pointed to a more resilient consumer at the end of …
Burberry’s US Sales Fall As Aspirational Demand Weakens
Burberry’s first-quarter sales were down in the key US market, where demand from aspirational consumers has softened, interim chief financial officer Ian Brimicombe said on …
Fashion Industry Driving Demand for Green Shipping
Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers and …
Swiss Watch Exports Jump Again in May as US Demand Rebounds
Swiss watch exports jumped again in May as deliveries to the US rebounded and demand for luxury timepieces from China stayed strong. Shipments surged by …
Neiman Marcus Earnings Hit by Steep Discounts, Softer Demand
Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people …
Rent the Runway Sees Rising Workwear Demand, Trims Discounts
Rent the Runway Inc. said demand for workwear has been surging as more subscribers are going to the office more regularly, underpinning stronger-than-expected revenue growth …
Macy’s Falls After Cutting Outlook as Demand Trends Worsen
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 …
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 …