Latest in Financial
Amazon Prime Day Kicks Off as June Retail Sales Top Projections
June retail sales were stronger than economists projected, although e-commerce showed continued gains.
Hugo Boss Becomes Next Mid-tier Luxury Company to Cut Guidance
In a preliminary announcement, the German brand said sales had fallen 1 percent in the second quarter. As a…
Richemont First-quarter Sales Tarnished by Lackluster Chinese Demand, Tough Comparatives
The Asia Pacific region saw sales decline 19 percent at actual rates, and 18 percent at constant exchange…
Swatch Group H1 Profits Fall 70%, Dragged Down by China Slowdown
Despite the Swiss group's confidence that the second half would improve strongly, markets remained skeptical.
Burberry Warns of Operating Loss in H1 as First Quarter Sales Sink 22%
Chairman Gerry Murphy has suspended dividend payments and said that if the luxury slowdown persists, the…
Joshua Schulman Named CEO of Burberry, Replacing Jonathan Akeroyd
Schulman will take up the post with immediate effect, and against a difficult backdrop for luxury companies.
La Perla to Restart Operations With Financial Help of Tyche Bank
The bank said 500,000 euros are being made available for the financially troubled innerwear company.
Brunello Cucinelli Reports H1 Sales Growth, to Unveil New Site With AI
Details about the new project are still under wraps because its official presentation will take place in…
Salt Life Set for Sale as Delta Apparel Files for Bankruptcy
The sea-savvy brand has a $28 million deal with FCM Saltwater Holdings seen as a stalking horse.
Under Armour’s Kevin Plank Received a 55% Bump in Compensation in Returning to the Role of CEO
The founder of the sports firm returned to the post in April as Stephanie Linnartz left after just over one…
Nike Signals Guidance Cut Amid ‘Challenges’ in Q4
The company reported fourth-quarter sales results that fell short of expectations.
H&M Needs Further Sales Boost to Stay on Track
The retailer's shares fell by more than 12 percent despite improvements in second-quarter sales and profits.
Levi’s CEO Michelle Gass Overdelivers for Q2, But Stock Still Takes a Hit
"Uncertainty has become our new certainty. We know that there's going to be uncertainty with the consumer,"…
What Retailers Can Learn From Express’ Trip Through Bankruptcy
Hilco executive Ian Fredericks diagnoses what went wrong at Express as it reemerges from Chapter 11.
Ralph Lauren’s Pay Tops $19M With Boost From Stock Awards
The designer's family also sold more than $500 million worth of Ralph Lauren Corp. stock in March.