Luxury goods group Richemont struck a cautious note after reporting sales numbers hurt by moves to combat the grey market and efforts by the Chinese government to discourage consumers from spending overseas.
October’s high street sales in the UK continued to be sluggish and while retailers might have been hoping to reverse October 2017’s 5.2% fall, a like-for-like drop of 2% this time meant they didn’t get their wish.
Farfetch losses may have grown in Q3, but at its still-early development stage that's no shock. Losses aside, its Q3 report showed it surging ahead on sales and market share with enough cash to fund its lofty ambitions.
Brazilian cosmetics giants Natura &Co said on Thursday consolidated revenues for the third quarter recorded double-digit growth, prompting the company's overall net profit for the three months to double.
Salvatore Ferragamo said its outlook for the year remained cautious after posting a 3.3 percent drop in nine-month sales, hit by currency swings and due to weakness in some divisions and geographic areas.
As Victoria’s Secret held its annual fashion show, its Columbus, Ohio-based parent company reported that the lingerie label’s sluggish performance continued to undermine otherwise strong sales growth in October.
Procter & Gamble Co on Thursday announced the creation of six business units for its largest geographic markets, its biggest organizational change in the last 20 years that will be effective from July next year.
Ulta Beauty's shares jumped on Thursday after it announced a 7.8 percent increase in comparable sales for the third quarter of fiscal 2018, prompting the cosmetics chain to update its full year guidance.
The Colorado-based footwear company announced continued progress in sales and profits on Thursday, as the brand managed to achieve solid growth in the third quarter despite sales losses related to a reduced store count.
Driven by flagship label Moschino and its multi-brand channel, the Italian fashion group has announced strong growth in the first nine months of the year, reporting double-figure increases in both revenue and profit.
Brooks Running will divide its European business into three commercial territories, naming Hamish Stewart, Bastian Huebschen and Coke Salvans as managers of the new North, Central and South European divisions.