It could’ve been worse for Nike. On Thursday, the world’s biggest sneaker seller reported sales of $12.4 billion for the quarter through November, a decline …
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Earnings
This Week: Adidas, Prada Offer a Respite From a Grim Earnings Season
Retail earnings season has been grim, with storied brands from Nike to Gucci-owner Kering reporting steep declines in sales. This week, perhaps we’ll see a …
Gap’s Surprise Earnings Release Shows Strong Second Quarter
Gap Inc. beat sales expectations in the second quarter, suggesting that an overhaul by new chief executive officer Richard Dickson is working. Net sales in …
This Week: Retail Earnings Get Messy
A worrying pattern has emerged recently where retailers are reporting weaker sales, lowering their expectations for the rest of the year and predicting more frequent …
Amer Sports Raises Guidance After Strong Second-Quarter Earnings
Finnish sports conglomerate Amer Sports said sales at its Arc’teryx and Salomon brands grew by double-digit percentages, helping the company narrow its losses and beat …
Worldview: Alibaba’s Earnings Expose China’s Uneven Recovery
🇨🇳 China’s Alibaba Group Holdings sees Q4 profits tumble. The country’s largest e-commerce group by market share has reported an 86 percent decline in net …
China, Travel Retail Weigh on Shiseido Earnings
Shiseido’s China woes aren’t over yet. Net sales at the Japanese beauty group increased 4 percent to $1.6 billion in its first quarter, as wariness …
Birkenstock Posts Strong Earnings With Sandal Demand Growing
Birkenstock Holding Plc’s earnings beat analysts’ estimates as consumers snapped up its high-end sandals and clogs while other casual footwear makers struggled. Adjusted earnings were …
Four Companies to Watch in This Week’s Earnings Bonanza
“Soft landing” and luxury’s “normalisation” are buzzwords for the fashion industry’s outlook in 2024. What people are really saying with those terms is that, in …
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
Analysts at UBS Group AG are warning luxury stock investors to be prepared for a weak earnings season that will also offer little visibility into …
TJ Maxx Parent Sees Downbeat Holiday Earnings as Higher Costs Weigh
TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signalling that spiralling costs were weighing on the off-price retailer’s margins even as it …
Adidas Improves Earnings Guidance After Selling Some Yeezy Shoes
Adidas AG improved its guidance for the year after starting to sell its inventory of Yeezy sneakers from a cancelled partnership with the rapper and …
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 …
Africa’s Top Clothes Retailer Reports Decline in Earnings and Leadership Change
Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to …
H&M Drops as Surging Costs Nearly Wipe Out Earnings
Hennes & Mauritz AB shares fell after the Swedish clothing retailer said burgeoning energy, freight and garment prices nearly wiped out profit in the past …
What to Watch From This Week’s Retail Earnings Grab Bag
In these uncertain times, you couldn’t ask for a better set of data points than the retail results coming this week. You have struggling legacy …
THG’s Full Year Core Earnings Miss Warning Sends Shares to Record Low
British e-commerce group THG said on Thursday it expects annual core earnings to fall short of analysts’ expectations on higher commodity prices, sending its shares …
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 …
Bella Hadid Pledges to Donate Fashion Week Earnings to Ukraine Relief
Bella Hadid is showing support for Ukraine. On Wednesday, the 25-year-old supermodel announced she would donate her 2022 fashion week earnings to Ukrainian relief efforts. The …
Gigi Hadid Donates Fall ’22 Fashion Week Earnings to Ukraine
Images and Article from www.popsugar.com. Gigi Hadid has pledged to donate her fall 2022 Fashion Week earnings to those suffering from the war in Ukraine, …