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 …
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Turnaround
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 …
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
When you’re inside the Gap Inc. headquarters, the grand promise of California stretches out to the horizon in every direction. The building is situated on an almost …
‘Transform or Die’: Can a Turnaround Expert Turn Kering Around?
LONDON — This week, Kering named Luca de Meo as its new chief executive officer, replacing François-Henri Pinault in the top executive role. Pinault will …
Kering Shares Surge as Renault CEO Set to Join for Turnaround
Kering SA shares surged as the owner of the struggling Gucci fashion label prepares to name the chief executive officer of Renault SA as its …
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss
Victoria’s Secret & Co. projected profit for the current quarter that trailed Wall Street’s expectations — a hit to the fledgling turnaround being led by …
Under Armour Turnaround Shows Resilience With Sales Beating Expectations
Under Armour Inc. reported sales that topped Wall Street expectations, boosting the comeback bid of the sports gear brand. Revenue in the company’s fiscal fourth …
This Week: Is Burberry’s Turnaround a Go?
What’s Happening: Burberry reports first quarter results on May 14. The average analyst forecast is for same-store sales to fall by 7 percent. Rebound Blocked: …
Nike Adds New Strategy Head to Aid Company Turnaround
Nike Inc. has appointed a new top strategy executive as its leadership team tries to turn things around at the world’s largest sportswear company. Jennifer …
This Week: Is H&M’s Turnaround Working?
Last year, H&M set out on a globe-spanning campaign to rekindle its connection with shoppers, starting with a surprise Charli XCX concert in London at …
This Week: Will Nike Show the First Steps of a Turnaround?
Elliott Hill outlined a clear set of priorities in December when, just two months into the job, he addressed investors and analysts on his first …
Hermès Sales Accelerate, Raising Hopes for China Turnaround
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. …
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 …