Abercrombie & Fitch joined other US retailers in forecasting weak annual sales growth and warned of softer demand heading into spring for its namesake brand, …
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Gloom
UK Retail Sales Rise Unexpectedly as iPhone Offsets Budget Gloom
UK retail sales rose unexpectedly on demand for consumer tech including the new iPhone, a welcome boost for the new government after it was accused …
LVMH Revenue Slip Signals Continued Gloom for Luxury
LVMH’s revenue slipped for the second consecutive quarter amid a market slowdown for luxury goods that even the sector’s leading conglomerate is struggling to shake …
Luxury’s Rebound Is Proving Elusive as China Gloom Adds to Warnings
Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short of …
Tapestry Lifts Forecast as Coach Bags Defy US Luxury Gloom
Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases, strong demand for its Coach handbags and a sharp rebound in China …
Frasers Defies Retail Gloom as Profit Rises
British sportswear and clothing retailer Frasers stuck to its financial guidance for 2022-23 after reporting a 39 percent rise in first-half profit that reflected the …