Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
watches
Fashion Week
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Kanye West’s Paris Fashion Week Surprise
This week, everyone will be talking about Kanye West at Paris Fashion Week, the watch industry's troubles and the coronavirus' financial impact. Get your BoF Professional Cheat Sheet.
Global Markets
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Swatch Group Braces for Hong Kong Slump
The Swiss watchmaker's sales took a hit, dropping 2.7 percent amid ongoing political unrest in Hong Kong.
Luxury
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Inside LVMH’s Watch Week 2020
The Dubai event signaled the French luxury conglomerate’s growing ambitions in hard luxury and drew a line in the sand for the major Swiss watch fairs.
Luxury
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
Richemont Watch Sales Stall as Hong Kong Protests Bite
Richemont said protests in Hong Kong, the top export market for Swiss watches, weighed on sales due to store closures and lower tourist arrivals. The group relies on jewellery for the bulk of sales.
News & Analysis
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Op-Ed | Finding a Cheap Omega Watch Has Just Got a Lot Harder
The Swiss company said on Wednesday that its sales in the first half of 2019 were held back by cracking down on so-called “grey market” dealers, who sell stock at a discount.
Luxury
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
The Future of Watches
The luxury watch market is facing challenges that are unlikely to be resolved any time soon, says Luca Solca.
News & Analysis
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
Swiss Watch Exports Dropped in April
Swatch shares fell 44 percent in the past year, while Richemont declined 20 percent.
Financial Markets
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Watches of Switzerland Considers London IPO
With revenues of £746 million, the IPO could value the company at up to £1 billion.
Luxury
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Can Baselworld Catch Up With the Times?
The watch industry's biggest trade fair is promising an overhaul as attendance plummets. But as brands rely more on direct sales, some question the need for an annual gathering at all.
Luxury
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Swiss Watchmakers Caught in the Middle of US-China Trade War
Claims of the trade war's effects on the industry are not due to tariffs from either country, but because the dispute saps growth prospects in the two largest markets for watches.
Luxury
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
Swiss Watchmakers Say Slowing Growth in China Won't Hurt Sales
Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy thanks to strengthening demand elsewhere, executives told Reuters at an industry fair on Thursday.
News & Analysis
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
Patek Philippe Chairman Says Company Is Not for Sale
The Stern family, which has owned the Swiss Watchmaker for four generations, has no plans of changing ownership.
The News in Brief
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.