Michael Kors undershot analysts’ revenue estimates for the first time in almost two years in Q2, as the luxury fashion firm saw lower sales at retail stores in Europe, where it’s trying to boost its performance.
Amazon and its rival in India, the Walmart-owned Flipkart, did not break regulations through their selection of merchants and brands, the Competition Commission of India (CCI) said in a ruling late on Tuesday.
Italian heritage fashion house Brunello Cucinelli reported on Tuesday double-digit growth for the first nine months of 2018, with impressive sales increases across all major markets including Asia, the U.S. and Europe.
With an increasing number of brands looking to consumer analytics, the apparel retailer has announced that it has used “action learning” to apply First Insight’s analytic technology throughout its business.
Ralph Lauren returned to growth in North America in its second fiscal quarter as a strategy to intensify marketing on social media bore fruit, also helping the upscale fashion group top estimates on Tuesday.
Jewellery maker Pandora slashed its 2018 sales outlook for the second consecutive quarter after posting disappointing profits on Tuesday, saying it will review its strategy as it struggles to regain investor confidence.
The German fashion house expects a significant improvement in sales and earnings in the fourth quarter after higher markdowns to shift unsold stock in an unseasonally long summer dented profits in the last three months.