Fashion retailer H&M reported a surprise operating profit for the December-February period as cost-cutting measures started to bear fruit, despite consumers’ curbing spending amid soaring …
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Profit
Lululemon Sees 2023 Sales, Profit Above Estimates on Steady Demand
Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing …
On Returns to Profit, Surpasses $1 Billion in Revenue
The fast-growing Swiss running footwear company reported net income of CHF 57.7 million ($62.4 million), up from a loss of CHF 170.2 million in 2021, …
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 …
Tapestry Raises Annual Profit Forecast
Luxury group Tapestry Inc raised its annual profit forecast on Thursday, helped by resilient demand and its strategy to largely use company-owned stores and its …
Australian Luxury E-tailer Cettire Posts $8 Million Net Profit
The online fashion retailer reported 187 million Australian dollars (US$123 million) in revenue during the six months that ended December 31, up 65 percent year …
Superdry Cuts Full-Year Profit Forecast to Breakeven
Britain’s Superdry, on Friday, cut its profit forecast for the year and now expects to broadly break even as its wholesale segment underperformed amid rising …
Nordstrom Cuts Annual Profit Outlook as Off-Price Rack Sales Fall
Nordstrom Inc slashed its annual profit forecast after heavy discounting failed to sway people shopping at its off-price Rack stores, leading to weak holiday sales and …
Dr. Martens Warns on Profit, Shares Slide More Than 20%
British bootmaker Dr. Martens Plc issued a profit warning on Thursday, citing significant operational issues at its new distribution centre in the United States that …
THG Warns on Profit After Major Revenue Miss
Online retail platform THG warned on profit on Tuesday after its revenue growth missed its target, which it blamed on the termination of some loss-making OnDemand sales, …
Britain’s Next Sees Lower Profit in 2023 as Consumer Outlook Darkens
British clothing retailer Next forecast lower profit in its 2023-24 year, reflecting uncertainty over whether consumers would keep spending during a recession and as the …
Inditex Profit Jumps as Zara Owner Lifts Prices
Zara owner Inditex posted a 24 percent increase in net profit for the first nine months of its fiscal year, as price rises helped offset …
Primark Owner Sticks to Forecast of Lower Profit in 2022-23
Associated British Foods said trading at its Primark fashion retail business had made an “encouraging” start to the 2022-23 year as it reiterated a forecast …
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 …
Nordstrom Cuts Profit Forecast on Soaring Costs
Nordstrom Inc. trimmed its annual profit forecast on Tuesday, signaling that steep discounts on outdated inventory, coupled with higher operating costs and supply chain pressures, are …
Abercrombie Sees Better Holiday-Quarter Sales, Posts Surprise Profit
Abercrombie & Fitch Co said on Tuesday it was “cautiously optimistic” about the holiday season and forecast a smaller-than-expected drop in current-quarter sales after resilient …
Patagonia Commits Every Dollar of Profit to Fighting Climate Change
Patagonia is making the ultimate vow to protect the planet. In a move unheard of in the fashion industry, founder Yvon Chouinard has given the …
Macy’s Warns of Discounts Hitting Annual Profit as Inflation Saps Demand
Macy’s Inc cut its full-year sales and profit forecasts on Tuesday, with the company saying it will need to offer more discounts to get rid …
Hermès Demand for Luxury Watches and Clothes Soars, Boosting Profit
Hermès International’s profitability rose to record levels in the first half as the maker of the $10,000-plus Birkin bag became the luxury industry’s standout performer. …
Mike Ashley’s Frasers Says Profit Will Rise Next Year After Record-Breaking 2022
Mike Ashley’s fashion group Frasers said on Thursday it expected higher profit next year, after a ‘record-breaking’ 2022 driven by store reopenings and high demand …