US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that keeps fuelling a …
Forecasts
Gucci Sales Down 20% in First Quarter, Kering Forecasts
Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged in an unscheduled trading update Tuesday. The …
Nordstrom’s Weak 2024 Forecasts Overshadow Strong Holiday-Quarter Sales
Nordstrom forecast annual revenue and profit largely below Wall Street expectations on Tuesday, signalling a slower-than-expected rebound in demand even as consumers see some relief …
Macy’s Forecasts Annual Sales Below Estimates, to Shutter 150 Stores
Macy’s forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores …
Tapestry Forecasts Higher 2024 Profit on China Demand, Strong Margins
Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and satchels as well as early signs …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …
Ulta Beauty Raises Annual Forecasts, Longtime CFO Settersten to Retire
Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and …
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
Macy’s Inc. reported third-quarter profit that beat expectations thanks to better inventory management, though same-store sales fell for a third straight quarter. The results underscore …
Burberry Shares Fall 10 Percent As Company Forecasts Lower Full-Year Sales
Burberry will be unable to meet its full-year revenue guidance if softer demand in the global luxury market continues, the British luxury company said Thursday. …
Macy’s Forecasts Full-Year Profit Above Estimates
Macy’s Inc forecast full-year profit largely above Wall Street estimates on Thursday, as the department store operator looks to cut back on promotions to protect …
Moncler Annual Sales Climb 25%, Beat Forecasts
Sales at Italian luxury group Moncler rose 25 percent at constant exchange rates last year to come in ahead of forecasts thanks to strong contributions …
Meta Forecasts Upbeat First-Quarter Revenue, Shares Rise
Meta Platforms Inc on Wednesday forecast first-quarter revenue above Wall Street estimates, signalling a rebound in demand for digital ads after months of weak sales. The …
Snap Forecasts First Quarterly Revenue Decline; Shares Fall
Snap Inc. is forecasting its first ever quarterly revenue decline, citing a flurry of changes to Snapchat’s advertising products that may be disruptive to the …
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 …
Lululemon Lifts Annual Forecasts on Strong Demand From Affluent Customers
Lululemon Athletica Inc. on Thursday raised its annual profit and revenue forecasts as demand from affluent customers for its new belt bags, golf and tennis …