TJX Cos forecast current-quarter profit below Wall Street expectations on Wednesday, signalling that spiralling costs were weighing on the off-price retailer’s margins even as it …
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Roger Federer-Backed Shoemaker On Sees Sales Surge
Swiss shoemaker On Holding AG reported earnings that topped estimates amid fast growth in US sneaker sales. The Roger Federer-backed company posted third-quarter earnings growth …
Hailey Bieber’s Rhode Sees Leadership Shakeup
Melanie Bender, the first CEO of Hailey Bieber’s skin care brand Rhode, has left the company, The Business of Beauty has learned. Bender left Rhode …
Hailey Bieber’s Rhode Sees Leadership Shakeup
Melanie Bender, the first CEO of Hailey Bieber’s skin care brand Rhode, has left the company, The Business of Beauty has learned. Bender left Rhode …
Allbirds Sees Continued Drops in Sales, Profits
Allbirds sales and profits have slipped amid its ongoing plan to streamline its business. The sneaker seller’s sales dropped 21 percent year over year in …
Primark Owner Sees Bigger Fashion Profit as Inflation Fades
Associated British Foods Plc said profit will rise at Primark as lower raw material and freight costs boost the performance of the low-cost fashion chain. …
Hugo Boss Sees Strong Sales Despite Slowing Consumer Demand
Hugo Boss AG reported sales that beat analysts’ estimates as the German clothing maker’s turnaround bears fruit. Revenue rose 15 percent at constant exchange rates …
Why Puma Sees a Future in Virtual Products, Despite the NFT Bust
For Puma, embracing the virtual world has been a learning experience. A year ago, during New York Fashion Week, it introduced Black Station, a 3D …
American Eagle Sees Second-Quarter Revenue Above Previous Forecast
American Eagle Outfitters said on Thursday it expects revenue and operating income for the second quarter to be above the prior forecast, sending its shares …
UK’s Frasers Group Sees More Profit Growth This Year
British retailer Frasers Group expects profit to rise between 5 percent and 15 percent this year as its biggest brand, Sports Direct, benefits from a …
Why Coty Sees Its Future in France
Last week, while sharing an update on Coty’s strategy with investors at Paris’ Hôtel du Louvre, chief executive Sue Nabi noted the gathering was happening …
Rent the Runway Sees Rising Workwear Demand, Trims Discounts
Rent the Runway Inc. said demand for workwear has been surging as more subscribers are going to the office more regularly, underpinning stronger-than-expected revenue growth …
South Korean E-Tailer Musinsa Sees Annual Sales Surge 54%
The rapidly growing fashion e-commerce company reported sales of 708.3 billion won (US$545 million) in 2022, a year on year increase of 54 percent. The …
Walmart Sees More Than 2,000 Job Cuts in E-Commerce Warehouses
Walmart Inc will cut more than 2,000 jobs at five US e-commerce warehouses, Bloomberg reported on Monday. The layoffs include more than 1,000 roles at …
Kelsea Ballerini Sees Stars in Bold Sheer Top at CMT Hot 20 Countdown – Fashion News
Kelsea Ballerini and Kane Brown attended the CMT Hot 20 Countdown in Austin on Wednesday. The CMT Awards co-hosts joined the weekly music series to …
Lululemon Sees 2023 Sales, Profit Above Estimates on Steady Demand
Lululemon Athletica Inc forecast annual sales and profit above Wall Street estimates on Tuesday, betting that demand for its pricier yoga wear and athleisure clothing …
Iranian Fashion Industry Sees Sales Decline During Nowruz
The Persian New Year shopping period accounts for a significant share of local retailers’ annual turnover, but this year’s takings are down due to economic …
Tod’s Group Sees Strong Start to 2023
Tod’s chairman and chief executive Diego Della Valle said the Italian luxury group, which owns Tod’s, Roger Vivier, Hogan and Fay, has had a good …
Gap Sees Weak Annual Sales as Inflation-Hit Consumers Rein in Spending
Gap Inc on Thursday forecast full-year sales below Wall Street estimates, signaling a slowdown in demand as inflation-weary consumers curb discretionary spending. Shares of the …
Hugo Boss Sees Slowing Sales in 2023
German fashion house Hugo Boss on Thursday said it expected 2023 sales to grow at a mid-single-digit percentage rate, slower than last year even as …