Latest in Financial
‘Nationalist Narratives’ Seen as Risk to Luxury Goods
Equity analysts at Bernstein describe a "deglobalizing world" amid rising trade and geopolitical tensions.
Nike CEO Elliott Hill Is Confident Company Is on the ‘Right Path’ Following Q3 Results
Net sales in the third quarter were $11.3 billion, down 9 percent from $12.4 billion at the same time last…
Lower Traffic Pushes Destination XL Into Red in Q4
Sales are also down this year as the retailer declined to provide sales or earnings guidance for fiscal 2025.
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Fashion Dealmaking in the Age of Trump
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February Retail Sales Miss Expectations With Tepid 0.2% Gain
Economists were expecting something more out of the month, but the still-antsy stock market breathed a sigh…
WHP Offers to Take Guess Private, Valuing the Company at $751.5 Million
The proposal would have cofounders Paul and Maurice Marciano and CEO Carlos Alberini roll over their stakes…
Aeffe Returns to Profitability in 2024 Amid Strategic Reorganization and Moschino Beauty Sale
However, the slowdown in the luxury industry and challenges in Aeffe's wholesale and retail distribution…
Brunello Cucinelli Closes 2024 With Double-digit Growth, Confirms Ambitious 2030 Revenue Goals
The luxury company reported gains in sales and profitability, driven by a strong global retail and wholesale…
G-III CEO Morris Goldfarb Eyes $5B in Sales With a Changing Business, Tariffs and More
The CEO said G-III has everything it needs to grow from $3.2 billion last year to $5 billion eventually.
Despite Growth in 2024, Hugo Boss Midterm Goal Unlikely Anytime Soon
The German menswear specialist had aimed to have sales of 5 billion euros by 2025. But growth of 3 percent in…
American Eagle Outfitters Boosts Q4 Profits, but Takes Cautious Stance to 2025
Jay Schottenstein said the first quarter was off to a "slower start," echoing what other retailers have…
Puma Shares Tumble on Profit Warning for 2025, Despite Growth in 2024
The German sportswear brand reported 4 percent growth in 2024 after a sluggish year. But those numbers were…
Inditex Sales, Profits Surge in 2024 as Fashion Giant Sharpens Operations
Sales at constant exchange rose 10.5 percent in 2024, beating analysts' expectations, while profits hit…