E.L.F. Beauty announced on Wednesday sales for the fiscal year surged by double digits, primarily driven by strength in the beauty chain's national and international retailers, especially in the fourth quarter.
Urban Outfitters announced on Tuesday net sales for the first quarter increased 13%, on the back of double-digit growth in retail comparable sales, with inflation and operational costs weighing down company profits.
Abercrombie & Fitch Co on Tuesday cut its annual forecasts for sales and margins after posting a surprise quarterly loss amid a surge in freight and raw material costs, sending its shares down 30% in premarket trade.
BNPL may be booming but a troubled global economy is still presenting challenges to operators in the segment and news has emerged that one of the biggest operators, Klarna, is cutting 10% of its workforce.
Major global brands will “continue betting on physical retail to drive sales in resilient destination cities”, a Savills report says. And it named New York, Paris and London as “the most attractive cities for retailers”.