Mytheresa’s sales jumped 14 percent year on year to €246 million ($284 million) in its fiscal first quarter of 2026 that ended on Sept. 30, …
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Reports
Nike Reports Surprise Revenue Rise as Hill’s Turnaround Effort Takes Root
Nike on Tuesday reported a surprise rise in first-quarter revenue and beat expectations for quarterly profit as the sportswear giant rebuilds its presence at wholesalers …
Saks Is Exploring Options for Bergdorf Goodman, WWD Reports
Saks Global Enterprises LLC is exploring strategic options for Bergdorf Goodman, including selling a minority position in the luxury department store, WWD reported. The company …
Novo Nordisk Reports Positive Test Results For GLP-1 Pill
The value of the drugmaker Novo Nordisk jumped by about £9bn on Thursday after research showed that taking its new anti-obesity pill can result in …
Burberry Reports Smaller-Than-Expected Sales Dip
Burberry’s retail sales fell by a less-than-expected 1 percent in the first quarter, it reported on Friday, in early signs of a recovery for the …
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 Files for Hong Kong IPO to Save London Listing, FT Reports
China-founded fast-fashion retailer Shein has filed for an IPO in Hong Kong to accelerate the listing process and pressure Britain’s regulators to approve its planned …
Lagardère Travel Retail Reports 60% Drop In Global Revenues, but China Outperforms
The French travel retailer, which counts Bottega Veneta, Gucci and Tiffany among its brand partners, saw annual revenue decline 59.7 percent on a consolidated basis …
Cartier Reports Some Customer Data Stolen in Cyberattack
Cartier, the luxury jewellery company owned by Richemont had its website hacked and some client data stolen, it told customers according to an email seen …
Nike to Raise Prices by Next Week, to Return to Selling on Amazon, Media Reports Say
Nike is set to raise prices on several of its products starting next week and will also return to selling its products at online retail …
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in …
Mytheresa Reports Slower Sales Growth
Even online luxury’s most stable force isn’t immune to industry headwinds. Mytheresa’s sales grew a paltry 4 percent to €243 million ($273 million) in the …
LVMH’s Moët Hennessy to Cut Workforce by 10%, FT Reports
LVMH group’s wine and spirits business Moët Hennessy will shrink its workforce by more than 10 percent, about 1,200 employees, the Financial Times reported on …
Reports: Saks Global Culls Corporate Workforce, Shutters Warehouse in Tennessee
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, …
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 …