Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
watches
Luxury
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
Richemont Buys Back More Unsold Watches, Holding Back Profit
Shares slumped as much as 7 percent as earnings missed estimates.
News & Analysis
Richemont Launches Lower Priced Watch Brand, Baume
The luxury-goods group, whose watch business consists of high-end brands, is launching trendy timepieces in a bid to attract young consumers.
Richemont Launches Lower Priced Watch Brand, Baume
The luxury-goods group, whose watch business consists of high-end brands, is launching trendy timepieces in a bid to attract young consumers.
Luxury
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
Swiss Watchmakers Are Targeting Teens
After falling behind with millennials, the industry tries to secure a future generation of customers via school sponsorships and social media strategies.
News & Analysis
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
Swatch CEO Sees Double-Digit Growth Continuing This Year
Swatch's bullish outlook came as the Swiss watch industry reported March exports rose 4.8 percent compared with a year earlier.
China
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Audemars Piguet on Track to Hit $1 Billion in Sales This Year
The watchmaker also launched its first online pop-up boutique with Chinese e-commerce platform JD.com, hoping to tap into China's burgeoning middle class who are increasingly shopping online.
Luxury
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
Luxury Watchmakers Step Up E-Commerce Investment
Courting younger shoppers, brands are joining an online push sweeping the luxury goods world, where web sales are already major growth drivers for fashion labels.
News & Analysis
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
Improving Swiss Watch Exports Lift Mood at Baselworld
Exports are up 12.9 percent year-on-year confirming gradual industry recovery, fuelled by demand from Chinese shoppers.
News & Analysis
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Swatch Says Its Low-End Brands Are Sweeping Up Market Share
Switzerland’s largest watchmaker reported an increase in profit for the first time in four years, thanks to growth at Tissot and its namesake brand.
Luxury
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury Watchmaker Audemars Piguet Embraces Second Hand
Audemars Piguet said it would launch a second-hand business this year, becoming the first big brand to announce plans to tap into a fast-growing market for pre-owned premium watches.
Luxury
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
Stock Levels at Watch Retailers Still Too High
Robust recovery in luxury watch sales may be some way off as Swiss watchmakers emerge from a severe downturn.
News & Analysis
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
Cartier CEO Says Watch Inventory Levels Are Healthy
The brand no longer needs to carry out buybacks in order to balance out stock levels globally, said Cyrille Vigneron, the head of the Richemont-owned label.
News & Analysis
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
Montblanc Expands Sports Watches in Rolex and Breitling Price Range
The Richemont-owned brand is introducing a line of Timewalker sports watches with a mountain-climbing theme this year, sharpening its focus on the €4,000 to €6,000 price range.
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.