Luxury beauty and fashion company Puig reported a steep drop in its first reported earnings as a listed company on Friday, citing costs related to its […]
Tag: Earnings
A Reality Check for Temu
During its rapid ascent to the top of the global fast-fashion food chain, Temu looked like the perfect hedge for its Chinese owner, PDD Holdings, […]
Consumers Are Still Spending, but Retailers Are Bracing for Impact
Fashion is bracing for a challenging end to the year. For months, concerns about the economy have been mounting, centring on US consumers amid a […]
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated […]
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings […]
Birkenstock Disappoints Investors With Unchanged Outlook
Birkenstock Holding Plc disappointed investors by leaving its 2024 financial targets unchanged, even as consumers snapped up more of its high-end sandals and clogs. Shares […]
Foot Locker Plummets as Investors Unimpressed by Progress
Foot Locker Inc.’s sales surpassed analysts’ expectations as turnaround efforts and a rekindled relationship with key partner Nike Inc. begin to pay off, but investors […]
Victoria Beckham Losses Shrink as Sales Soar 50% at Fashion Brand
Victoria Beckham’s fashion and beauty business narrowed its losses last year as sales soared by 52 percent to £89 million ($112 million). The company said […]
Abercrombie Sales Beat Underwhelms After Big Run-Up in Stock
Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to impress investors who have grown accustomed to […]
Asian benchmarks mostly decline as markets await Nvidia earnings
TOKYO — Asian shares were mostly lower Wednesday, despite a record high on Wall Street, as investors awaited a closely watched earnings report from Nvidia. […]