Italian fashion house Giorgio Armani managed to keep its operating profit steady last year and grow net sales by 6 percent at constant currencies, despite …
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Sales
Hermès Q2 Sales Rise 13% on Continued Appetite for High-End Luxury
Birkin-bag maker Hermès reported a 13 percent rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even …
Gucci Sales Fall 20 Percent
Kering reported second-quarter sales down 11 percent, dragged down primarily by flagging sales at Italian mega-brand Gucci. Gucci’s sales fell 20 percent in reported terms, …
Inter Parfums Sales Rise 11%, Renews Van Cleef License
Second-quarter net sales at Inter Parfums rose 11 percent to $342 million against the same period last year, beating a consensus estimate of $339 million. …
Amazon Prime Day Drives US Online Sales up 11% to $14.2 Billion
US shoppers spent $14.2 billion online during Amazon’s 48-hour Prime Day sale, up 11 percent from a year ago and in line with estimates, according …
Douglas Raises Sales Forecast, Divests Pharmacy Business
On Wednesday, Germany-based beauty retailer Douglas upgraded its sales forecast, predicting growth of 8.5 percent this fiscal year, up 1.5 percent from its previous outlook. …
US Retail Sales Excluding Autos Rise by Most in Three Months
US retail sales, excluding the impact of a cyberattack on auto dealerships, rose in June by the most in three months, a sign consumers regained …
Richemont Jewellery Sales Solid, Offsetting Drop in China Demand
The Cartier owner reported a sales gain of 1% at constant currencies to €5.3 billion ($5.8 billion). That was in line with analyst forecasts and …
Amazon Prime Day Sales to Hit Record $14 Billion
Shoppers are likely to spend roughly $14 billion during Amazon’s Prime Day two-day shopping event this week, according to projections from Adobe Analytics, a firm …
Aritzia Sales Beat Estimates on New Styles
Aritzia Inc. reported higher-than-expected sales growth as the clothing retailer adds new clothing styles and opens new store locations. The Vancouver-based company reported revenue of …
Uniqlo Owner Lifts Forecast Again as Weak Yen Powers Sales From Tourists
The Japanese operator of fashion giant Uniqlo on Thursday raised its forecast for what would be its third consecutive year of record profits, buoyed by …
Nike Brings Back Retired Executive to Fix Slumping Retail Sales
Nike Inc. has rehired a retired senior executive to oversee retail partnerships after relationships with sneaker sellers soured and sales dropped. Tom Peddie, a veteran …
Augustinus Bader Sales to Top $130 Million This Year
Augustinus Bader, the skincare label co-founded by a former BTG Pactual banker, is on track to grow by as much as 40 percent this year …
UK Clothing Sales to EU Plummet as Brexit Red Tape Deters Exporters
UK exports of clothing and footwear to the EU have dived since Brexit, according to a new study that shows the extent to which complex regulations …
Zara Owner Inditex Profit In Line on Decelerating Sales
Fashion retailer Inditex SA was the best-performing stock in Europe after it said shoppers had been snapping up its spring and summer fashions despite poor …
Gap Lifts Annual Sales Forecast on Old Navy Strength, Shares Surge
Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained …
E.l.f. Beauty Surpasses $1 Billion in Annual Sales
After 21 consecutive quarters of growth, E.l.f. Beauty has finally hit the $1 billion mark in annual sales. In its fiscal fourth-quarter earnings released Thursday, …
Chanel Defies Luxury Slowdown As Annual Sales Surge to $20 Billion
Chanel’s revenues rose 16 percent excluding currency shifts to $19.7 billion in 2023, the French luxury house said Tuesday. Price increases drove up sales by …
Mytheresa Doesn’t Rule Out Going Private as Sales Grow
Mytheresa on Wednesday reported another quarter of standout growth in an otherwise dreary luxury e-commerce sector. The Munich-based luxury e-tailer’s net sales jumped 18 percent …
US Retail Sales Unexpectedly Flat in April
US retail sales were unexpectedly flat in April as higher gasoline prices pulled spending away from other goods, indicating that consumer spending was losing momentum. …