Asos Plc suffered a double-digit decline in sales in the first half as the fashion retailer was forced to heavily discount clothes to clear a …
Sales
Lululemon Sees Annual Sales, Profit Below Estimates on Weaker Accessories Demand
Apparel retailer Lululemon Athletica on Thursday forecast annual revenue and profit below expectations, pressured by sluggish demand for the company’s premium athleisure and accessories. Shares …
US Retail Sales to Rise at a Slower Pace in 2024, Says NRF
US retail sales are expected to rise as much as 3.5 percent this year, a slower pace than 2023, industry body National Retail Federation said …
Selena Gomez’s Rare Beauty Exploring an IPO or Sale as Net Sales Cross $400 Million
Rare Beauty is exploring growth options to sell the brand or hold an initial public offering, The Business of Beauty has learned, setting up what …
Hermès Faces Class Action Suit Over Birkin Sales Practices
Hermès is being accused of unlawful “tying” in a class action lawsuit in the US. Two California shoppers allege they were required to buy ancillary …
Kering Shares Drop After Warning of Plunge in Gucci Sales
Kering SA shares tumbled after the French luxury group warned that sales at Gucci, its biggest brand, have fallen about 20 percent in the first …
Gucci Sales Down 20% in First Quarter, Kering Forecasts
Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged in an unscheduled trading update Tuesday. The …
US Retail Sales Rebound in February, Weekly Jobless Claims Fall
US retail sales rebounded in February, driven by increases at auto dealerships and gasoline service stations, but consumer spending is slowing as households grapple with …
Federer-Backed On Disappoints With Sales Forecast, Results
Swiss sneaker maker On Holding AG forecast sales growth for this year that disappointed investors, sending shares to their biggest-ever decline. The Roger Federer-backed company …
Allbirds Names New CEO as Sales Slide Continues
Allbirds co-founder Joey Zwillinger is stepping down from his role as the company’s chief executive. Effective March 15, COO Joe Vernachio will take over the …
Can Matilda Djerf’s Influence Translate to Beauty Sales?
With an Instagram feed that has twice as many followers as her TikTok account, influencer Matilda Djerf’s style seems to evoke a bygone millennial era. …
Mango’s US Expansion Helps Sales Top $3 Billion in 2023
Spanish fashion retailer Mango reported on Monday record sales of €3.1 billion ($3.39 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong …
Gap Reports Upbeat Quarterly Sales on Improving Demand for Old Navy Apparel
Gap beat Wall Street expectations for fourth-quarter sales on Thursday, buoyed by strong demand on improved product offerings at its Old Navy and namesake brands during …
Puig Sales Rose 19% to €4.3 billion in 2023
The Spanish conglomerate is on track to hit its goal of €4.5 billion in annual sales by 2025 ahead of schedule. Puig, announced record 2023 …
Foot Locker Pushes Back Long-Term Sales Growth Plan; Shares Fall
Foot Locker Inc. pushed back a plan to expand its sales to $9.5 billion by two years and now looks to hit that goal by …
Ferragamo’s Operating Profit Down 44% as It Works to Revive Sales
Operating profit at Salvatore Ferragamo almost halved last year from 2022, weighed down by investments the Italian luxury goods group sustained as part of efforts to …
Nordstrom’s Weak 2024 Forecasts Overshadow Strong Holiday-Quarter Sales
Nordstrom forecast annual revenue and profit largely below Wall Street expectations on Tuesday, signalling a slower-than-expected rebound in demand even as consumers see some relief …
Bath & Body Works Projects Downbeat FY Sales, Profit on Slowing Demand
Bath & Body Works forecast annual sales and profit below analysts’ expectations on Thursday as consumers scaled back spending on non-essential items like candles and …
Macy’s Forecasts Annual Sales Below Estimates, to Shutter 150 Stores
Macy’s forecast annual sales largely below market expectations on Tuesday on weak demand for its apparel and shoes, and said it would close 150 stores …
Margiela and Diesel Fuel Rise in Sales for OTB Group
Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to â¬1.9 billion ($2 billion) in …