Malaysian prosecutors charged the founders of a local online fashion retailer over the alleged misuse of funds invested in their company by two government-linked firms. …
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Losses
Warby Parker Narrows Losses, Raises Full-Year Revenue Projections
Warby Parker is inching closer to full profitability. The eyewear maker reported a 13 percent year-over-year increase in revenue to $192 million in the third …
Victoria Beckham Losses Shrink as Sales Soar 50% at Fashion Brand
Victoria Beckham’s fashion and beauty business narrowed its losses last year as sales soared by 52 percent to £89 million ($112 million). The company said …
Allbirds Meets Revenue Expectations, Narrows Losses
Allbirds’ sales fell 27 percent year over year to $52 million in the second quarter, but that was more than enough to keep the company …
Natura’s Losses Rise to $181 Million But Margins Grow
Brazilian cosmetics maker Natura &Co reported late on Monday a net loss of 934.9 million reais ($181.29 million) for the first quarter, larger than the …
Allbirds’ Sales Dip Continues in 2024, Losses Narrow
Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, …
Job Losses Likely as the Body Shop Lines Up Administrators
The Body Shop, the skincare and cosmetics retailer founded by the campaigner Anita Roddick in the 1970s, is set to appoint administrators in a move …
Pangaia’s Net Losses Surpassed $50 Million in 2022
Pangaia, once one of fashion’s hottest start-ups, saw its net loss mount to $50.4 million in 2022, according to public filings. Sales at the company, …
Superdry Losses Balloon as Retailer Struggles to Compete
Superdry Plc reported widening losses after Christmas sales failed to revive performance at the struggling fashion retailer. The British brand, known for its logo T-shirts …
John Lewis Cancels Employee Bonus as Losses Mount
John Lewis Partnership plc canceled staff bonuses for the second time in three years and warned of fresh job cuts after reporting a large loss …
Warby Parker Beats Revenue Estimates, Narrows Losses
The eyewear maker on Tuesday reported a 10 percent increase in revenue to $147 million in the final quarter of 2022, coming in above company …
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
Klarna Bank AB, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its …
Chinese Beauty App Meitu Slides as Crypto Bets Steepen Losses
Shares of Meitu Inc. extended their decline into a fourth day after the beauty-app developer disclosed that it expects first-half losses to widen due to soured cryptocurrency bets. The Xiamen, Fujian-based firm’s stock …