H&M Group issued its Q4 and full-year sales report Wednesday and while it was fairly short on detail — as is usual — it did show that sales are continuing to recover and heading back to pre-pandemic levels.
Shares of Nordstrom Inc and Gap Inc slumped more than 20% on Wednesday as warnings of product shortages during the crucial holiday season raised fears that the retailers were losing out to better-prepared competitors.
TJX Cos Inc said it was well-positioned for the holiday season, easing concerns of product availability due to supply-chain bottlenecks, after it reported quarterly sales that beat estimates on Wednesday.
Coty forecast annual earnings largely above estimates on Monday, as the cosmetics maker benefits from cost cuts to ward off inflation impacts and a revival in demand for its products at airport duty-free stores.
Estee Lauder Cos Inc cut its full-year sales forecast on Tuesday, as the cosmetics maker grapples with industry-wide supply chain problems and takes a hit from the resurgence of Covid-19 cases in its key markets.
Alter Made has been conceived as a sustainability lab to improve the way Mango works, and is committed to low inventory and proximity production. Led by Alejandra Mur, it forecasts a revenue of €25 million in 3 years.
To celebrate Pride Month, several labels have decided to pay tribute to the LGBTQ+ community with collections festooned with the colours of the rainbow. Among them Puma, Victoria Beckham, Balenciaga and Ralph Lauren.