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 …
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Sales
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 …
US Retail Sales Drop by Most in Nearly a Year After Holidays
US retail sales broadly declined in January, indicating consumers took a breather after a strong holiday shopping season. The value of retail purchases, unadjusted for …
Shopify Fends Off Temu and Shein as Sales Narrowly Beat Estimates
Shopify Inc. reported sales and profit for the fourth quarter that narrowly beat analysts’ estimates, suggesting the Canadian e-commerce giant fended off competition from Asian …
China Online Beauty Sales Surge in January
Online beauty sales in China last month surged by 58 percent year over year, according to Bernstein, providing a counterpoint to a stream of sobering …
Hermès Plans 8% Price Hike as Annual Sales Top $14 Billion
PARIS — Hermès reported another year of chart-topping growth, with annual sales rising 21 percent to €13.4 billion ($14.4 billion). Fourth-quarter sales rose 18 percent, beating …
Beauty and Personal Care Lead Sales Growth at Unilever
Unilever Plc sold more products like deodorant and mayonnaise for the first time in more than two years, as easing price inflation encouraged shoppers to …
Kering Sales Dip 4% In Holiday Quarter
Luxury fashion’s second-biggest group, Kering, reported fourth-quarter revenues that fell 4 percent on an organic basis, in line with analyst estimates. Full-year 2023 sales at …
Pandora Sees ‘Healthy’ Sales So Far This Year
Pandora, the world’s biggest jewellery maker, said on Wednesday its performance since the start of the year has been “healthy” with high single-digit sales growth, …
E.l.f. Beauty Reports 85 Percent Sales Growth and Raises Outlook
On Tuesday, the beauty company reported an 85 percent year-on-year increase in sales in its fiscal third quarter ending in Dec., reaching $270.9 million. After …
Adidas Plans More Yeezy Sales After €1 Billion Currency Hit
Adidas AG said its profit this year will be hit by unfavourable currency movements, but it plans to mitigate some of the damage by continuing …
Zegna Group Sales Up 28% in 2023
Despite a challenging backdrop for the luxury sector, Zegna Group ended 2023 on a high, with a strong fourth quarter over the critical holiday season …
Ferragamo CEO Warns Turnaround May Take Longer After 2023 Sales Drop
Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1 percent at constant currencies last year, prompting chief executive Marco Gobbetti to warn that hitting …
Givaudan Sales Surge to $8 Billion, Led by Fine Fragrance
Growth was especially seen in its fragrance and beauty division, where sales grew 7.6 percent to CHF 3.3 billion ($3.8 billion). Fine fragrances were up …