Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by $24 billion. Then China’s top …
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Surge
P&G Under Pressure to Make a Deal as Eco-Friendly Products Surge
CINCINNATI, OHIO, United States — Procter & Gamble Co., which is losing market share to eco-friendly products, is under mounting pressure to either fend off …
Nordstrom Q2 Revenue Rises on Boost From Sales Event, Shares Surge
Nordstrom reported a better-than-expected growth in second-quarter sales on Tuesday, buoyed by its crucial Anniversary Sale event, even as consumers remain cautious amid inflationary pressures, sending …
Under Armour’s Shares Surge as Restructuring Shows Progress
Under Armour Inc. reported results that exceeded analysts’ expectations and raised its guidance as the athletic-wear brand shows signs of improvement under returning founder Kevin …
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 …
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 …
Canada Goose Beats Estimates on China Strength; Shares Surge
High-end coat maker Canada Goose Holdings Inc. reported higher-than-expected sales growth on strong retail results in China and the US. The shares jumped more than …
Rent the Runway Shares Get Caught Up in AI Frenzy, Surge Over 200%
Traders piled into shares of Rent the Runway on Thursday, sending the shares up by more than 220 percent after the apparel rental firm said …
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 …
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 …
Richemont Shares Surge As Demand for Cartier, Van Cleef Boosts Holiday Sales
Demand for Richemont’s jewellery brands, including Cartier and Van Cleef, gave the group a boost over the Christmas period against a challenging backdrop for the …
Next Bullish on Profit After Festive Surge
Next Plc raised its profit forecast for the fifth time since June and said it will grow even more next year after the British home …
Abercrombie’s 285% Surge in 2023 Beats Even Sizzling Nvidia
One retail stock has been a clear winner this year as fashion trends revisited the late 90s and early 2000s. Abercrombie & Fitch Co. has …
Are Brands Ready for a Holiday Returns Surge?
This holiday season, retailers’ returns headache is getting worse. Propelled by expected increase in year-over-year sales this holiday, returns management platform Optoro projects that $173 …
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 …
Affirm Shares Surge After Quarterly Results Beat Estimates
Shares of Affirm Holdings surged by nearly 25 percent on Thursday as strong demand for the buy-now-pay-later (BNPL) lender’s services and higher interest rates underpinned …
Hermès Sales Surge 28%, Defying Luxury Slowdown
Sales at Birkin bag maker Hermès accelerated in the second quarter, showing the resilience of global demand for the group’s high-end leather goods despite a …
Chanel to Double Capital Investments, Bolster ‘Ultimate Luxury Experience’ as Sales Surge
Chanel’s annual revenues rose 17 percent to $17.2 billion in 2022, the first year under a new chief executive Leena Nair, the family-owned French luxury …
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 …
Hermès to Pay €4,000 Bonus to Employees As Sales Surge
Hermès will pay a one-time year-end bonus of €4,000 to each of its 19,700 employees amid surging sales and profits for the French luxury house. …