Investors Brace for More Volatility With Trump Set to Address Congress
The president’s remarks come at a pivotal point for markets.
Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.
Nordstrom's Sales Miss Estimates, Shares Tumble
Despite improving e-commerce infrastructure, the department store has seen store sales drag shares down 11 percent, with net income falling from $114 million to $67 million in a year.
Nordstrom's Sales Miss Estimates, Shares Tumble
Despite improving e-commerce infrastructure, the department store has seen store sales drag shares down 11 percent, with net income falling from $114 million to $67 million in a year.
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
China Industrial Output, Investment Beat Forecasts; Retail Sales Miss Expectations
Retail sales fell short of analysts' expectations, rising only 8.6 percent last month.
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
Franklin Templeton Taps Into Israel's $67 Billion Retail Market
The Israeli government has only recently allowed foreign firms to offer offshore products directly to investors.
N Brown Sees Higher Tax on Marketing Costs
The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.
N Brown Sees Higher Tax on Marketing Costs
The plus sized fashion retailer said tax on marketing costs would rise between £6 million and £9 million annually as a result of a long-running dispute with the British government over tax recovery.
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Amazon Threat Is Spurring Money Managers to Invest in Underdogs
Fear of competition from the FAANGs can spur too much selling in less-exciting companies, despite their strong fundamentals.
Revlon Shares Surge as Investors Embrace Plans to Slim Down
Shares surge 15 percent as the cosmetics company announces plans to cut spending by $150 million.
Revlon Shares Surge as Investors Embrace Plans to Slim Down
Shares surge 15 percent as the cosmetics company announces plans to cut spending by $150 million.
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Farfetch Sales Jump in First Results Since IPO
Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.
Burberry Says Riccardo Tisci Is Creating Buzz to Drive Turnaround
CEO Marco Gobbetti said the initial response from press, buyers and customers has been "exceptional."
Burberry Says Riccardo Tisci Is Creating Buzz to Drive Turnaround
CEO Marco Gobbetti said the initial response from press, buyers and customers has been "exceptional."
Michael Kors Misses Quarterly Revenue Estimates
The hand-bag maker recorded weaker sales at retail stores in Europe.
Michael Kors Misses Quarterly Revenue Estimates
The hand-bag maker recorded weaker sales at retail stores in Europe.
Adidas Hikes Profit Guidance, Trims Sales Outlook
The sportswear company has trimmed revenue targets due to weaker growth in western Europe, but net profit still jumped 19 percent to €656 million aided by success in North America.
Adidas Hikes Profit Guidance, Trims Sales Outlook
The sportswear company has trimmed revenue targets due to weaker growth in western Europe, but net profit still jumped 19 percent to €656 million aided by success in North America.
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Will Farfetch's First Earnings Match the Hype?
This week, everyone will be talking about Farfetch's first financial results as a public company, the Victoria's Secret fashion show and the winner of the CFDA/Vogue Fashion Fund's $400,000 prize. Read our BoF Professional Cheat Sheet.
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
Influencers Are Investors Now, Too
As digital influencers gain more clout in the beauty and fashion industries, they’re trading their Instagram fame for equity in up-and-coming brands.
THE NEWS IN BRIEF
Trump FTC Chair Pledges to Keep Aggressive Merger Enforcement
The organisation’s chairman Andrew Ferguson vowed to aggressively block illegal mergers, reaffirming the agency’s commitment to challenging deals that violate antitrust laws, continuing the stance taken during the Biden administration.
True Religion Acquired by Private Equity Firm Acon Investments
The deal, which included participation from American Eagle’s chief executive, will help the denim maker expand globally.
Sneaker Maker Golden Goose Is Said to Kick Off Milan IPO Soon
Luxury sneaker brand Golden Goose SpA plans to kick off an initial public offering in Milan as soon as this week, according to people familiar with the matter, extending a strong rebound in European listings this year.
Europe Luxury Stocks Slide After Richemont Chairman Says Inflation Is Denting Demand
Luxury goods stocks slumped in Europe, wiping out more than $25 billion in market value after Richemont chairman Johann Rupert said inflation is starting to dent demand across the region.
US Inflation Cooling as Consumer Prices Rise Moderately Again
US consumer prices increased moderately in July as higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture, a trend that could persuade the Federal Reserve to leave interest rates unchanged next month.
Kim Kardashian Hires Wall Street Talent to Bulk Up Buyout Firm
Kim Kardashian’s private equity firm hired a half-dozen financial-industry professionals, including a new chief operating officer who previously worked at alternative investment giant Apollo Global Management Inc.
US Economy Shrinks for a Second Quarter, Raising Recession Odds
Gross domestic product fell at a 0.9 percent annualised rate after a 1.6 percent decline in the first three months of the year, the Commerce Department’s preliminary estimate showed Thursday.