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Amid U.S. Uncertainty, Adidas Turns Focus Elsewhere
The German sportswear brand reported growth of 12.7 percent in the first quarter.
Saks CEO Marc Metrick Reassures Bondholders, Says Company Has $350M to $400M of Liquidity
Metrick said the new Saks approach is coming together even as the company looks for a little extra cushioning…
Walmart CEO Doug McMillon’s $27M Pay Package and the Headaches that Come With It
The company's proxy statement revealed its executive pay and laid out issues set to come up at its annual…
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Kering ‘Fully Mobilized’ to Fix Gucci, CEO Tells Shareholders
François-Henri Pinault also shared his disappointment with the company's ailing share price. "We're obviously…
Strong DTC, Americas Help Zegna Group Offset Wholesale Declines in Q1
The group expects to raise prices in the U.S. come fall to offset the tariffs being imposed on imports by the…
Kering Shares Fall 6% After Weak Q1 Results
Dragged down by weakness at its flagship Gucci brand, the French luxury group reported a 14 percent decline…
Louis Vuitton Has Bumped Up Handbag Prices in the U.S.
Luxury analysts calculated the average increase at 4 percent, though some styles were unaffected.
Kering Reports 14% Sales Drop, Demna to Unveil First Gucci Designs in September
The cash-cow Italian brand, down 24 percent in the three-month period, is awaiting Balenciaga fashion star…
Valentino Revenues Dipped 3% in 2024
The Roman fashion house said its EBITDA sank 22 percent to 246 million euros.
Hermès Preps for Potential Price Rise in the U.S. in Face of Tariffs
Sales at the French luxury house were slower but steady, up 7.2 percent to 4.13 billion euros in the first…
Moncler Group Q1 Revenue Up 1% to 829M Euros, Driven by DTC Growth and Asian Market Strength
The performance exceeded expectations as business was fueled despite macroeconomic and geopolitical…
Brunello Cucinelli Posts Growth in Q1, Cites Solid Upward Trend in April
The Solomeo, Italy-based company maintained its revenue growth forecast of about 10 percent for 2025 and 2026…
Rent the Runway Stock Falls 18 Percent as Company Maps Out Road Ahead
While cash burn improved last year, the company is spending again this year to boost inventory and build its…
‘Bleak’ Prospects: A Projected 10% EBIT Drop Hits the Global Retail and Apparel Industry
Moody's Investors Service cut its outlook on fashion, using stark terms to describe the impact of President…
LVMH Shares Slip 7.8% After Q1 Sales Miss
The 2 percent decline had a dampening effect on other European luxury players, who saw their shares ease on…