Inditex SA, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season, sending shares tumbling. The Arteixo, Spain-based …
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Moncler Group’s Sales Fall 3 Percent
Moncler Group reported third-quarter revenues of €636 million ($687 million), falling 3 percent year-on-year at constant exchange. The slip was largely attributed to a decrease …
PVH Corp. Reports 6 Percent Sales Drop, Driven By Weak International Segment
PVH Corp. reported a 6 percent dip in revenue, year-over-year, in its quarter ending Aug. 4, to $2.1 billion — in line with Wall Street …
Gucci Sales Fall 20 Percent
Kering reported second-quarter sales down 11 percent, dragged down primarily by flagging sales at Italian mega-brand Gucci. Gucci’s sales fell 20 percent in reported terms, …
UK Retail Inflation Slows to 0.6 Percent in May
Price increases at UK retailers fell in early May to their lowest level in more than two years, adding to signs of an improving economic …
Burberry Sales Fell 12 Percent in Early 2024
Burberry’s revenues were flat excluding currency shifts in the twelve months through March 30, the British luxury brand said Wednesday. Sales dropped 12 percent in …
Miu Miu Sales Jump 89 Percent, Boosting Prada Group
Miu Miu’s boom continued in the first quarter with retail sales rising 89 percent, owner Prada Group said Wednesday. Its flagship Prada brand grew more …
Valentino’s Full-Year Sales Fall 3 Percent
Valentino’s revenues fell 3 percent at constant exchange rates to €1.35 billion ($1.44) last year, the Roman fashion house said Tuesday. Operating profit fell 18 percent …
LVMH Sales Grow 3 Percent As Luxury Boom Stalls
Louis Vuitton- and Dior-owner LVMH reported first-quarter sales up 3 percent on an organic basis, confirming fears that luxury demand would continue to stall as …
US Luxury Purchases Fell 15 Percent in February, According to Citi Credit Card Data
US luxury sales have continued to slide from their post-pandemic peak, credit card data from Citi suggests. Luxury spending was 15 percent lower year-on-year in …
E.l.f. Beauty Reports 85 Percent Sales Growth and Raises Outlook
On Tuesday, the beauty company reported an 85 percent year-on-year increase in sales in its fiscal third quarter ending in Dec., reaching $270.9 million. After …
Brown Girl Jane Wins The Fifteen Percent Pledge’s Inaugural Sephora Grant
Brown Girl Jane makes prestige fragrances with claims around mood enhancement, as well as having vegan and cruelty free credentials. It was founded in 2019 …
Celebrities at the 2024 Fifteen Percent Pledge Gala
The 2024 Fifteen Percent Pledge Benefit Gala was held at Paramount Studios on Saturday in Los Angeles. Fear of God appears to be the label of …
The Fifteen Percent Pledge Gala Moves to Los Angeles and Debuts Sephora Beauty Grant
For the first time, the Fifteen Percent Pledge will host its third annual fundraising gala in Los Angeles and will award a dedicated beauty grant, …
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. …
Condé Nast Set to Lay Off 5 Percent of Workforce
The publisher of titles like Vogue and Vanity Fair announced in a note sent to employees on Tuesday that it would lay off 5 percent …
Moncler Quarterly Sales Up 7 Percent in Line With Analyst Expectations
Sales at Italian luxury group Moncler rose 7 percent at constant exchange rates in the third quarter, in line with analyst expectations, thanks to growth …
E.l.f. Beauty Raises Outlook After Sales Surged 76 Percent Last Quarter
E.l.f. Beauty’s appeal with young and price-conscious consumers shows no signs of abating. The cosmetics brand on Wednesday reported sales in its fiscal second quarter …
Condé Nast Lays Off 5 Percent of Its Workforce
The publisher of titles like Vogue and Vanity Fair announced in a note sent to employees on Tuesday that it would lay off 5 percent …
Prada Reports 3Q Retail Sales Up 10 Percent
Prada Group’s revenues rose 17 percent excluding currency shifts to €3.3 billion in the first nine months of the year, the Milanese fashion company said …