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 …
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Profit
JD Sports Annual Profit More Than Doubles
Britain’s JD Sports Fashion on Wednesday posted an annual profit that more than doubled, and said independent probes and a governance review into its regulatory …
Capri Raises Full-Year Profit Forecast
Michael Kors owner Capri Holdings Ltd raised its full-year profit forecast on Wednesday, signalling robust demand for its luxury goods as higher-income consumers return to …
Macy’s Lifts Profit Outlook as Special Occasions Boost Sales
Macy’s Inc. jumped after raising its profit forecast as demand for high-end goods is persisting despite the highest inflation in four decades. Earnings are now …
Ross Stores Plunges as Discount Retailer Cuts Profit, Sales Outlook
Shares of Ross Stores Inc. fell sharply in extended New York trading after the discount retailer cut its outlook for profit and sales. Ross said …
Tapestry Cuts Profit Forecast as China Lockdowns Bite
Tapestry lowered its full-year profit forecast on Thursday as fresh lockdowns in major market China hurt sales of its luxury handbags and apparel, sending its …
JD Sports Lifts Profit Estimates, Sales Rise
Britain’s JD Sports Fashion raised its annual profit outlook for 2022 on Thursday as people spent more on athleisure and sportswear, and pointed to upbeat …
Reliance Industries Posts 22.5% Higher Fourth-Quarter Profit
Reliance Industries Ltd , India’s most valuable company, reported a 22.5 percent surge in fourth-quarter profit on Friday, helped by higher fuel demand and margins …
Boohoo Sees Tough Year Ahead as Profit Falls 28%
British online fashion retailer Boohoo reported a 28 percent fall in annual core earnings that reflected significant freight and logistics cost inflation and warned that …
THG Rejects ‘Numerous’ Approaches, Warns on Profit This Year
British e-commerce company THG said it had rejected “numerous” approaches that failed to reflect its value as it warned inflationary pressure would result in broadly …
H&M Seen Posting First-Quarter Profit, Russia Clouds Outlook
Sweden’s H&M is seen swinging back to profit in its December-February quarter as pandemic effects ease, though the closure of its Russian stores and the …
Anta Net Profit Surges 49.6% in 2021
Chinese sportswear giant Anta Sports posted strong annual revenue of 49.33 billion ($7.76 billion) yuan in 2021, up 38.9 percent year-on-year, with net profit reaching …
Esprit Flags its First Profit in Five Years
The Hong Kong-listed fashion retailer says it estimates its profit attributable to shareholders for the year to Dec. 31 to reach approximately $47 million. This …