Under Armour raised its annual forecasts after posting better-than-expected third-quarter results on Friday and its CEO signaled stability ahead, sending the sportswear retailer’s shares up …
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Turnaround
Estée Lauder Raises Outlook in Sign CEO’s Turnaround Paying Off
Estée Lauder Cos. raised its annual profit outlook, a sign that one year into the chief executive officer’s tenure, his turnaround plan for the cosmetics …
Shiseido Faces Tough Turnaround After Costly Cosmetics Stumbles
Shiseido Co., once a formidable challenger to L’Oréal SA, and Estée Lauder Companies Inc., is navigating its biggest challenge in decades, hurt by a costly …
Saks Mulls Bankruptcy Year After Raising Billions for Turnaround
Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter …
Nike’s China Conundrum Deepens as Turnaround Stagnates
Nike is running out of time to prove its China playbook works. The US sportswear giant’s sixth straight quarterly sales decline in the country – …
Burberry Returns to Growth as Turnaround Effort Starts to Bear Fruit
Burberry returned to growth in the second quarter, the British luxury brand reported on Thursday, as turnaround measures started to bear fruit and its China …
Estée Lauder Companies’ CEO Says Fragrance Is Key to its Turnaround
PARIS — On Tuesday, The Estée Lauder Companies unveiled its first fragrance-focussed innovation centre, housed in a stately building around the corner from Paris’ historic …
Nike Reports Surprise Revenue Rise as Hill’s Turnaround Effort Takes Root
Nike on Tuesday reported a surprise rise in first-quarter revenue and beat expectations for quarterly profit as the sportswear giant rebuilds its presence at wholesalers …
Revlon’s Turnaround Plan Starts With Its Oldest Brand
To fuel its future, Revlon is looking to the past. On Thursday, in New York’s buzzing SoHo shopping district, it will open a pop-up for …
Macy’s Lifts Forecasts as Turnaround Efforts Start Paying Off, Shares Jump
Macy’s raised its annual sales and profit forecasts on Wednesday, as the retailer’s turnaround strategy boosts demand across its Bloomingdale’s and Bluemercury chains, sending its …
UK Online Retailer Debenhams Sees Interim Profit Growth Amid Turnaround
British online fashion retailer Debenhams Group on Tuesday said it expects first-half core earnings to exceed year-ago levels amid a turnaround strategy to reverse costs pressures …
Revolution Beauty Founders Return to Tackle Turnaround
Struggling cosmetics group Revolution Beauty is turning to its co-founders as it attempts to revive the business and has ended its sale process, it said …
Estée Lauder Companies Says Its Turnaround Is Working — Slowly
The Estée Lauder Companies on Wednesday predicted a possible return to growth in its next fiscal year, a tentative vote of confidence in a turnaround …
Coty Annual Revenue Slides 4%, Eyes Turnaround in 2026
Coty’s net revenue shrunk 8 percent in its second-quarter earnings and declined 4 percent in the fiscal year ended June 30 according to its latest …
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid
Peloton Interactive Inc. projected a sales decline for the current quarter and said it would once again cut jobs, but the company preached confidence in …
VF Corp Jumps After Earnings Beat as Turnaround Takes Hold
VF Corp. shares soared after the apparel and shoe company reported fiscal first-quarter earnings that beat Wall Street expectations, signalling that turnaround efforts are beginning …