Mytheresa continues to be a stable presence in online luxury amid a sectorwide slowdown. The German e-tailer’s sales grew 8 percent to €202 million ($214 …
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Reports
Salomon and Arc’teryx-Owner Amer Sports Reports Growing Sales and Profits
Amer Sports, owner of outdoor and sports brands including Arc’teryx, Salomon and Wilson, reported bumper earnings Tuesday for its third quarter ended September 30. The …
Shein’s European Entity Reports 68% Sales Growth in 2023
Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68 percent in 2023, hitting €7.684 billion ($8.36 billion), according to annual results published on …
Amazon Sets Ultra-Low Pricing Plans for Temu Rival Store, The Information Reports
Amazon is imposing severe price caps on what merchants can charge for their products on a new low-cost storefront that the e-commerce giant is preparing …
P&G Reports Weak Sales Growth on Lower Beauty Demand
Procter & Gamble Co. posted a second straight quarter of sluggish sales growth, dragged down by minimal price increases and weakness in key areas such …
Revlon Reports Fourth Quarter Loss
NEW YORK, United States — Revlon Inc. on Friday reported a fourth-quarter loss of $36.5 million, after reporting a profit in the same period a …
Puig Reports 26% Drop in Profit on IPO Costs
Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its …
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 …
Milk Makeup Owner Waldencast Reports 25.7% Q2 Growth
Both TikTok virality and dermatologists both helped boost Waldencast’s growth in the second quarter of 2024. For its second-quarter earnings results for the three months …
Why Jennifer Lopez and Ben Affleck Broke Up, According to New Reports
We know that Jennifer Lopez filed for divorce from Ben Affleck officially, but what we don’t know for sure is what happened. Not that there …
Meta Explores Stake in Ray-Ban Maker Essilorluxottica, FT Reports
Meta Platforms has explored a multibillion-euro investment in eyewear group EssilorLuxottica, the Financial Times reported on Thursday. The Facebook and Instagram owner has considered taking …
Burberry Preparing to Cut Hundreds of Jobs, Telegraph Reports
British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market …
Arkhouse, Brigade Capital raise buyout offer for Macy’s to $6.9 billion, WSJ reports
Shares of the department store chain were up 1.1% in after-market trading. The new proposal is to acquire Macy’s stock that Arkhouse and Brigade Capital …
Shein Files for London IPO, Reuters Reports
Shein confidentially filed papers with Britain’s markets regulator in early June for a potential London listing, two sources said, as the online fast-fashion retailer moves …
Outdoor Voices Finds New Owner After Reports of Near-Bankruptcy
Investment firm Consortium Brand Partners announced on Monday that it acquired athleisure brand Outdoor Voices on May 15 for an undisclosed sum. The acquisition comes …
JD.com Reports Q1 Revenue Above Estimates
Chinese online retailer JD.com on Thursday reported first-quarter revenue that beat market estimates, as price cuts and discount coupons helped boost sales that have been …
Swiss Sneaker Company On Reports Record Quarterly Revenue of $560 Million
On, the Zurich-based running sneaker brand reported net sales of CHF 508.2 million ($560.9 million) for the quarter ended March 31, up 21 percent year-over-year. …
Prince Harry Lands in London Following Reports King Charles III Is Too Busy to See Him
Prince Harry, whose already strained relationship with his family became further estranged following the release of his tell-all memoir Spare, is currently in England, but …
US FTC Preparing to Sue to Block $8.5 Bln Takeover of Capri by Tapestry, NYT Dealbook Reports
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT …
Shein to Market Supply Chain Infrastructure to Global Brands, WSJ Reports
China-founded fast fashion company Shein will make its supply-chain infrastructure and technology available to global brands, the Wall Street Journal reported on Wednesday, citing a …