Galderma, the Swiss cosmetic skincare and medical company, reported net sales growth of 12.4 percent to $1 billion in its first-quarter results announced today. Known …
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Sales
Valentino’s Full-Year Sales Fall 3 Percent
Valentino’s revenues fell 3 percent at constant exchange rates to €1.35 billion ($1.44) last year, the Roman fashion house said Tuesday. Operating profit fell 18 percent …
L’Oréal Q1 Sales up 9.4% on Strong Mass Market Demand
The French cosmetics giant, which owns the Maybelline and Lancôme brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to …
LVMH Sales Grow 3 Percent As Luxury Boom Stalls
Louis Vuitton- and Dior-owner LVMH reported first-quarter sales up 3 percent on an organic basis, confirming fears that luxury demand would continue to stall as …
US Retail Sales Top Forecasts as Consumers Keep Fuelling Growth
US retail sales rose by more than forecast in March and the prior month was revised higher, showcasing resilient consumer demand that keeps fuelling a …
Luxury Group Zegna Posts 19.3% Jump in FY Organic Sales
Italy’s Ermenegildo Zegna posted a 19.3 percent increase in full-year organic revenue on Friday and proposed a 20 percent hike in its annual dividend, helped by …
JD Sports CEO Blames Nike for Slumping Sales
JD Sports Fashion Plc said sluggish innovation at Nike Inc. contributed to a slump in sales at the UK retail chain as consumers look to …
JD Sports’ January Sales Fall in ‘Challenging’ Market
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent. …
Asos Sales Fall Again Amid Turnaround of Fashion Retailer
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 …
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 …