Fast Fashion Garments Pile Up in South Asia as Middle East Conflict Grounds Planes
Shipments of garments for major retailers are stranded at airports in Bangladesh and India as the conflict in the Middle East forces airlines cancel flights.
earnings-report
Financial Markets
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Op-Ed | For Burberry, a Brexit Boost Is not Enough
Burberry has benefited from the slump in sterling that has made its checked scarves cheaper to travelling consumers. But that wasn't enough to offset difficulties elsewhere.
Financial Markets
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Burberry Sales Miss Estimates as Demand Dwindles in US
Burberry said that the relative strength of the US dollar had driven a strong increase in sales from US customers abroad, while demand at home was reduced.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Financial Markets
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Gildan Tops Fourth-Quarter Profit Forecasts
Gildan shares have declined slightly more than 2 percent since the beginning of the year. The stock has decreased nearly 1 percent in the last 12 months.
Beauty
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Kohl's Quarterly Profit Beats On Higher Margins
Net sales dropped 2.8 percent to $6.21 billion, falling for the fourth straight quarter.
Financial Markets
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
L Brands Tops Fourth-Quarter Profit Forecasts
L Brands Inc. on Wednesday reported fiscal fourth-quarter net income of $631.7 million.
Financial Markets
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Avon Reports Fourth-Quarter Loss
The direct seller of cosmetics posted revenue of $1.57 billion in the period, which did not meet Street forecasts.
Financial Markets
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Columbia Sportswear Tops Fourth-Quarter Profit Forecasts
The maker of outdoor gear posted revenue of $717.5 million in the period, which fell short of Street forecasts.
Financial Markets
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Puma Predicts Profit Jump as Bolt and Rihanna Assist Resurgence
Puma said operating profit in 2017 will rise at least as fast as last year, when three big global sports events and better sales of women’s wear helped the measure jump by a third.
Financial Markets
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Amazon Revenue Misses Estimates as Holiday Sales Fall Short
Amazon Web Services revenue was $3.5 billion in the fourth quarter, up 47 percent from a year earlier.
Beauty
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Estée Lauder Tops Second-Quarter Profit Forecasts
The beauty products company posted revenue of $3.21 billion in the period, falling short of forecasts.
Financial Markets
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
Alibaba Raises Forecast as Chinese Consumers Continue to Spend
The company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously.
The News in Brief
Saks Global to Shut 15 More Stores as Part of Restructuring
The luxury retailer, which filed for bankruptcy earlier this year, will close more stores as it tries to cut losses and focus on more profitable, higher-end locations.
Nike’s Latest SEC Filing Revives Converse Sale Speculation
In a document filed with the Securities and Exchange Commission, the company’s management has approved a plan for organisational changes expected to cost the brand nearly $300 million. One analyst posited the target could be its struggling subsidiary.
US Economy Unexpectedly Loses Jobs in February; Unemployment Rate Rises to 4.4%
The decline in nonfarm payrolls reported by the Labor Department in its employment report on Friday was the sixth since January 2025 and the second largest.
Asics Buys Marathon Registration Platforms to Boost Running-Shoe Sales
The Japanese sportswear brand is accelerating global expansion by acquiring race-registration platforms to deepen engagement with runners.
Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.