PARIS – Hermès’ full-year sales topped €15 billion ($16 billion) last year, rising 15 percent excluding currency shifts despite a tough market for luxury brands. …
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Turnaround
Nike CEO’s Turnaround Plan Began With Call to NFL’s Roger Goodell
When Elliott Hill became chief executive officer of Nike Inc., among his first orders of business was securing its future alongside the biggest sport in …
Versace Parent Capri Says Turnaround to Take a Year
Capri Holdings Ltd. shares dropped after the luxury apparel and accessories company gave guidance below Wall Street expectations, saying a turnaround will take time. The …
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
Apparel and footwear maker VF Corp beat third-quarter revenue and profit estimates on Wednesday, helped by efforts to revive demand and refresh the product lineup …
Asos Battling for Turnaround in Tough Market
Sales by Shein’s Ireland-registered entity Infinite Styles Ecommerce Co grew 68 percent in 2023, hitting €7.684 billion ($8.36 billion), according to annual results published on …
The Next Chapter of Swarovski’s ‘Pop Luxury’ Turnaround
Ariana Grande has released three platinum singles this year, hosted “Saturday Night Live” and been gearing up for the November premiere of the film adaptation …
Victoria’s Secret Nabs Rihanna Brand CEO to Lead Turnaround
Victoria’s Secret & Co. is poaching the top executive from Rihanna’s lingerie brand to lead the retailer’s turnaround. Hillary Super, 52, will replace Martin Waters, …
Tiffany’s Staff Exits Test LVMH’s Turnaround Playbook
LVMH’s $16 billion purchase of Tiffany & Co. transformed the luxury goods powerhouse into one of the biggest jewellery sellers in the world. Three years …
Is Gap’s Turnaround Finally Working?
After two decades of failed comeback attempts, there is a growing consensus on Wall Street that Gap’s latest turnaround might just be the one that …
Foot Locker Shares Jump 30% as Turnaround Gains Momentum
Foot Locker Inc.’s shares surged after the sneaker retailer’s turnaround plan got back on track. Profit, excluding some items, was 22 cents a share, almost …
This Week, a Check-In on Gap’s Turnaround Efforts
Over the past month, Gap has inched its way back into the cultural zeitgeist. This week, it will update investors on whether its turnaround efforts …
Promising Signs for Macy’s Turnaround
Macy’s chief executive Tony Spring wants to make an important distinction about his plan to turn around the ailing department store chain: He’s not rebuilding, …
Macy’s Profit Beats Estimates as Turnaround Shows Progress
Macy’s Inc. handily beat profit estimates in the most recent quarter, leading the department-store operator to raise its outlook for the remainder of the year. …
Gucci Hires Deputy CEO to Bolster Turnaround Efforts
Kering flagship Gucci has hired Stefano Cantino, a veteran communications executive from Louis Vuitton, to the newly created role of deputy CEO, bolstering its efforts …
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 …
Can Gucci’s Turnaround Plan Still Work?
On Tuesday, Kering warned investors its sales were down 10 percent this quarter, mostly due to a 20 percent drop at flagship label Gucci, which …
Can Allbirds Survive Its Own Turnaround Plan?
Allbirds just can’t seem to land on its feet. Last week, the beleaguered direct-to-consumer brand announced co-founder Joey Zwillinger was stepping down as chief executive …
Victoria’s Secret Falls on Weak Guidance in Faltering Turnaround
Victoria’s Secret & Co. reported net sales guidance for the full year that fell short of analysts’ expectations, underscoring the retailer’s struggle to grow as …
Olaplex Embarks on Turnaround Plan After Rough 2023
After taking the helm as Olaplex’s new CEO in mid-December 2023, Amanda Baldwin shared her strategy to bring the company back to growth in its …
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 …