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Financial Markets

Sales Growth at Hermès Picks up Pace in Third Quarter

Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.

Financial Markets

Sales Growth at Hermès Picks up Pace in Third Quarter

Sales growth in Asia, Hermes' biggest region by revenues, was stable from one quarter to the next, while demand picked up in Europe and the US.


Financial Markets

Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales

The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.

Financial Markets

Tapestry Misses Revenue Estimates on Surprise Drop in Coach Sales

The luxury goods maker said sales were hit by inventory issues and hurricanes in North America and typhoons in Asia.


Luxury

Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo

Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.

Luxury

Michael Kors Lifts Revenue Forecast, Benefiting From Jimmy Choo

Second-quarter revenue rose 5.4 percent to $1.15 billion, marking the first increase in more than a year.


Retail

Michael Kors Hopes to Win Customers with Experiences

Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.

Retail

Michael Kors Hopes to Win Customers with Experiences

Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.


News & Analysis

There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline

"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."

News & Analysis

There's a Glimmer of Hope Amid Neiman Marcus' Sales Decline

"Revenue in the period slipped 0.5 percent, after it had dropped in the mid- to high-single digits over the previous quarters."


Financial Markets

LVMH Trumps Third Quarter Forecast

Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.

Financial Markets

LVMH Trumps Third Quarter Forecast

Revenues grew 12 percent to €30.1 billion at the French conglomerate, despite the strengthening euro putting tourists off spending in many European destinations.


Financial Markets

Nike's Relies on China Sales Amidst US Slump

Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.  

Financial Markets

Nike's Relies on China Sales Amidst US Slump

Nike's US business continued to sputter last quarter, putting extra pressure on overseas markets like China and Latin America to pick up the slack.  


Financial Markets

While Richemont Sales Beat Expectations, its Leadership Crisis Ensues

Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.

Financial Markets

While Richemont Sales Beat Expectations, its Leadership Crisis Ensues

Georges Kern's successor has still not been named, suggesting outsiders may be reluctant to take on the challenging task of heading up the company's watchmaking division.


Financial Markets

Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples

The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.

Financial Markets

Ahead of Michael Kors Takeover, Jimmy Choo's Profit Almost Triples

The luxury shoemaker reported its pre-tax profit for the half year hit £18.1 million, helped by its retail and licensing businesses, as well as demand for its men's offering.


Financial Markets

Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z

While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.

Financial Markets

Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z

While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.


Financial Markets

J. Crew Names New CFO as Sales Drop Deepens

J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.

Financial Markets

J. Crew Names New CFO as Sales Drop Deepens

J. Crew’s total revenue fell 2 percent to $560.9 million for the quarter ended July 29, while sales at stores open at least a year declined 5 percent.


Financial Markets

Chanel Sees Dip in Sales, Profits

Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.

Financial Markets

Chanel Sees Dip in Sales, Profits

Chanel International BV — a Dutch holding company that is part of the Chanel empire —saw a year-on-year loss of 9 percent in 2016, with a turnover of $5.67 billion, according to new reports.