US retail sales increased in more than expected in November amid an acceleration in motor vehicle purchases, consistent with strong underlying momentum in the economy …
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Sales
Instagram-Like Xiaohongshu Makes Inroads with E-Commerce Sales
Since Tera Feng started documenting her enviable Shanghai lifestyle, including visits to art galleries and fashion events on Chinese social media eight years ago, she …
Inditex’s Sales Grow 9 Percent as Holiday Shopping Begins
Inditex SA, the owner of Zara, reported slower sales growth at the outset of the crucial holiday shopping season, sending shares tumbling. The Arteixo, Spain-based …
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica, opens new tab increased its full-year revenue and profit forecasts on Thursday, betting on resilient demand for its athletic wear in the US …
TikTok Shop Triples Black Friday Sales, Topping $100 Million
TikTok tripled its US shopping sales to more than $100 million on Black Friday, a sign of the app’s growing popularity despite a looming ban. TikTok …
Black Friday Sales: A Solid Holiday Kickoff, With Warning Signs for Retailers
Consumers showed up on Black Friday ready to shop, but it took deep discounts to get them to actually buy something. In-store and online sales …
Black Friday sales are on again. To score a genuine bargain, it helps to go in with a plan
Tomorrow is Black Friday, the official beginning of one of the biggest sales events of the year. With so many consumers still feeling the cost-of-living …
Urban Outfitters Defies Retail Woes on Anthropologie Sales Gains
Urban Outfitters Inc. reported stronger-than-expected sales growth in the third quarter, led by its Anthropologie brand. Sales at stores open at least 12 months rose …
Fashion Brand Isabel Marant’s Bonds Dive After Sales Slump
Luxury fashion brand Isabel Marant’s bonds posted their largest drop on record on Monday after the French company reported weakening sales. For this year through …
Temu Owner PDD’s Sales Slow Sharply After China Market Sputters
PDD Holdings Inc.’s shares plunged after warning that its profitability will trend downward over time because of intensifying competition in its home market of China. …
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 …
Mulberry Restructures as Sales Slump
Mulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a …
Revolution Beauty Sales, Profits Slide in First-Half Results
British cosmetics maker Revolution Beauty reported a 20 percent decline in revenue to £72.4 million ($91.6 million) and a 48 percent decline in profit in …
Global Luxury Sales to Fall 2% in 2024, Bain Says
Sales of personal luxury goods are set to fall 2 percent this year, making it one of the weakest on record, with price hikes and …
On Boosts Outlook on Record Sales for Sneaker Upstart
On Holding AG raised its sales outlook for the year as the Swiss sneaker maker steps up its competition with bigger rivals such as Adidas …
Temu Faces Second EU Probe for Misleading Sales Practices
Temu is at risk of being fined for breaching European Union consumer-protection law, adding to the e-commerce platform’s regulatory problems a week after the bloc …
Kenvue’s Weak Sales Give Power to Activist Push
Kenvue Inc., the owner of Tylenol and Neutrogena, reported sales that trailed estimates after its skin health and beauty category slowed. Organic sales rose 0.9 …
Farfetch Owner Coupang’s Retail Sales Miss Estimates
Coupang Inc. slid in late trading on Tuesday after reporting retail net sales that fell short of Wall Street’s expectations. Net sales totaled $6.14 billion, …
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 …