The biggest challenge for the luxury sector today is not the general macroeconomic context or the weakness of key markets like China, but customer fatigue …
Tag
Showing: 1 - 20 of 23 RESULTS
Warns
Kering Warns on Profit as Sales Fall 16%
Kering’s third-quarter sales fell 16 percent on a comparable basis to €3.78 billion ($4.08 billion) as a market-wide slowdown pounded the French group. Gucci, Saint …
Europe’s Textile Recycling Sector Warns of ‘Unprecedented Crisis’
Europe’s textile sorting and recycling sector is facing an “unprecedented crisis” that has pushed the industry to the brink of collapse, two major lobby groups …
Next Warns of Store Closures After Losing Equal Pay Claim
Next Plc warned it may have to close stores if it loses an appeal over an equal pay ruling, in a landmark case for UK …
UK Warns 17 Fashion Brands on Greenwashing
The UK’s advertising watchdog has written to 17 “well-known” fashion brands advising them to review how they market sustainability claims amid an ongoing crackdown on …
Beiersdorf Warns of Difficult Quarter Ahead in China
German skin care company Beiersdorf said on Tuesday the luxury skin care market in China has continued to “decline strongly” during the second quarter, but …
De Beers Warns Diamond Recovery Will Be Slow After Terrible Year
De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth …
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 …
Eli Lilly Warns Against ‘Cosmetic’ Use of Popular Weight-Loss Drugs
Eli Lilly & Co. cautioned against using its popular diabetes and obesity drugs for “cosmetic weight loss” as off-label use of the medications has skyrocketed …
Luxury Stocks Are Set for a Bleak Earnings Season, UBS Warns
Analysts at UBS Group AG are warning luxury stock investors to be prepared for a weak earnings season that will also offer little visibility into …
US Banking Regulator Warns on Risks of ‘Buy Now, Pay Later’
A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular “buy now, pay later” financing for …
Dr Martens Warns on Profit as Finance Chief Walks
Dr Martens issued its third profit warning in five months on Friday, as it struggled with higher-than-expected costs at a new Los Angeles (LA) distribution …
Dr. Martens Warns on Profit, Shares Slide More Than 20%
British bootmaker Dr. Martens Plc issued a profit warning on Thursday, citing significant operational issues at its new distribution centre in the United States that …
THG Warns on Profit After Major Revenue Miss
Online retail platform THG warned on profit on Tuesday after its revenue growth missed its target, which it blamed on the termination of some loss-making OnDemand sales, …
Cardi B Admits To Removing Butt Injections As She Warns Fans About Plastic Surgery
View gallery Image Credit: LCD / SplashNews.com Grammy-winner Cardi B, 30, isn’t afraid to be real, and on Dec. 6 that’s exactly what she did when …
China Warns Waning Global Demand Is Top Threat to Trade
Overseas demand for goods from China is weakening as the global economy slows, warned a senior Chinese commerce ministry official, though the country still expects …
Macy’s Warns of Discounts Hitting Annual Profit as Inflation Saps Demand
Macy’s Inc cut its full-year sales and profit forecasts on Tuesday, with the company saying it will need to offer more discounts to get rid …
Stylist warns these summer looks could make you appear tacky
Sometimes it can feel like all fashion rules go out the window once the sun starts to shine. In the hot weather, it can be …
Norway Warns H&M, Norrøna Over Misleading Sustainability Claims
The Norwegian Consumer Authority has found outerwear brand Norrøna’s use of data from the Higg Index to back up environmental claims is misleading to consumers …
Norway Warns H&M, Norrøna Over Misleading Sustainability Claims
The Norwegian Consumer Authority has found outerwear brand Norrøna’s use of data from the Higg Index to back up environmental claims is misleading to consumers …