Saks Global moved to consolidate its business this week, laying off hundreds of workers across its corporate offices, stores and a fulfilment centre in Tennessee, …
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Reports
Brunello Cucinelli Reports 10.5% Sales Growth in First Quarter
Italian luxury fashion group Brunello Cucinelli on Wednesday said sales had risen 10.5 percent at constant exchange rates in the first quarter, boosted by a …
Golden Goose Reports Double-Digit Sales Growth in 2024
Luxury sneaker maker Golden Goose’s sales grew 13 percent to hit €654.6 million ($714 million) last year, the company said Wednesday. The robust growth defied …
Il Makiage Owner Reports Double-Digit Revenue Growth
US-based direct-to-consumer beauty and wellness company Oddity, which owns skin and hair brand SpoiledChild and cosmetics label Il Makiage, reported record revenues of $647 million …
Uniqlo Owner Reports Strong Growth in All Markets But China
Uniqlo owner Fast Retailing Co. reported strong growth in revenue and operating profit for the three months through November, as robust demand across Japan, North …
M&S Reports Strong Festive Sales but Says UK Firms Will Take Hit From Tax Rises
Marks & Spencer has hailed a “good Christmas” with strong sales of food but warned that British businesses face higher costs from the government’s tax …
Mytheresa Reports Sales, Profit Growth in Latest Quarter
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 …
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 …