Abercrombie & Fitch Co. raised its full-year outlook after it blew past first-quarter sales estimates and extended its bounce back from the teen fashion graveyard. …
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Raises
H&M-Backed Textile Recycler Syre Raises $100 Million
Polyester recycling company Syre has raised $100 million to help finance construction of a pilot plant in the US this year, pave the way to …
African Designer Platform The Folklore Raises $3.4 Million
The seed funding round was led by venture capital firm Benchstrength and included participation from investors Techstars, Black Tech Nation Ventures and Slauson and Co. …
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 …
Castore Raises £145 Million in Funding Round
The activewear label announced that it secured growth investment in a funding round led by Raine Partners, the equity arm of investment firm The Raine …
Ulta Beauty Raises Annual Forecasts, Longtime CFO Settersten to Retire
Ulta Beauty on Thursday raised the lower end of its full-year profit and sales forecasts helped by buoyant demand for luxury skincare and fragrances and …
Foot Locker Raises Forecast on Strong Thanksgiving Week
Foot Locker Inc. raised its full-year forecast, citing strong results over Thanksgiving week and progress on its strategic growth plan. The athletic retailer now expects …
American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand
American Eagle Outfitters on Tuesday raised its annual revenue forecast, in a sign that demand for its apparel and accessories remained steady ahead of the …
Saks Owner Raises $340 Million After Retailer Didn’t Pay Vendors For Months, Sources Say
NEW YORK – Saks Fifth Avenue owner Hudson’s Bay Company has raised $340 million to help fund its retail operations. The group announced the fresh …
Matthew Williams’ 1017 ALYX 9SM Raises Investment from Hong Kong Entrepreneur Adrian Cheng
Matthew Williams’ luxury streetwear label 1017 ALYX 9SM has secured investment from Hong Kong-based entrepreneur Adrian Cheng, the company confirmed Friday. The terms of the …
Fashion Recycling Platform SuperCircle Raises $7 Million
Fashion recycling platform SuperCircle has raised $7 million in a pre-series A financing round. The reverse logistics business, which has developed a digital platform to …
Pandora Raises Sales Forecast After Q3 Profit Beat
Danish jewellery maker Pandora reported a smaller than expected drop in third-quarter profit on Wednesday as more shoppers came to its stores, and raised its …
Oddity Tech Raises Full-Year Growth Outlook
The parent company of makeup brand Il Makiage and Gen-Z skin care brand SpoiledChild reported $94 million in net revenue in the third quarter ending …
Coty Raises Annual Core Sales Outlook As Fragrances, Cosmetics Drive Demand
Coty on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent’s …
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 …
Next Raises Guidance Again on Strong Third Quarter Sales
Next Plc, the British clothing and homeware chain, raised profit guidance for the fourth time in recent months after sales in its third quarter grew …
Next Raises Annual Profit Guidance
British fashion retailer Next raised its guidance for annual profit by £10 million ($12.7 million) to £845 million on Thursday, after full price sales and …
E.l.f. Raises Sales Outlook | BoF
E.l.f. Beauty Inc. hiked fiscal year sales and adjusted profit expectations as inflation-weary customers drive demand for its budget-conscious brand. E.l.f. Beauty now expects sales …
Fast Retailing Raises Forecast as Operating Profit Surges
Japan’s Fast Retailing , the owner of clothing brand Uniqlo, reported on Thursday that its nine-month operating profit soared 22 percent. Profit rose to 330.6 …
Omega Raises Luxury Watch Prices as Other Swatch Brands Struggle
Omega, the Swiss watch brand known for its Speedmaster and Seamaster models, raised prices by as much as 8 percent in a move that could …