Asics EMEA revenues rise, key divisions leap ahead
Asics EMEA, the regional division of the Japanese sports giant, has reported its 2023 financial results with its “highest-ever revenue in the region”. Asics has a strong focus on running…
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Hermès booms globally, reports “outstanding sales” for 2023 and Q4
Ultra-luxury specialist Hermès was upbeat on Friday as it released what it said were “outstanding sales and results” for 2023 as a whole and for the fourth quarter. See catwalkHermès…
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After Neiman Marcus, now Kering cuts Farfetch links
Gucci and Saint Laurent owner Kering has reportedly cut direct links with Farfetch although its brands could continue to be available on the site when sold through the third-party retailers…
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L’Oreal Q4 sales up 6.9% despite decline in North Asia
By Reuters API Published Feb 9, 2024 Cosmetics group L’Oreal reported a 6.9% rise in fourth quarter sales, slower growth than in the previous quarter, as its travel retail business…
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Alibaba boosts share buy back as revenues miss estimates
By Reuters Published Feb 9, 2024 China’s Alibaba Group Holding on Wednesday missed analysts’ estimates for third-quarter revenue, hurt by a weak retail environment and faltering economic recovery in the…
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Capri sales continue to wane across all brands as soft luxury demand lingers in the Americas
Capri Holdings announced on Thursday revenues fell 5.6% to $1.43 billion for the third quarter, with retail segment sales hurt by softening luxury consumer demand primarily in the Americas. See catwalkVersace – Spring-Summer2024 –…
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Under Armour boosts earnings view on cost control; shares rise
By Bloomberg Published Feb 9, 2024 Under Armour Inc. raised its outlook for full-year earnings, with cost cuts in its turnaround effort making up for a continued decline in revenue….
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Westfield mall owner sees earnings boost from Paris Olympics venues
By Reuters API Published Feb 9, 2024 Westfield mall owner Unibail-Rodamco-Westfield sees the Paris Olympics and Paralympics boosting its earnings for 2024, it said on Thursday, with several of its…
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Anglo could take writedown on De Beers after diamond slump
By Bloomberg Published Feb 9, 2024 Anglo American Plc said it could take an impairment on its De Beers diamond unit after the sector was hit by a collapse in…
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Tapestry lifts 2024 profit forecast on China demand rebound, strong margins
By Reuters Published Feb 9, 2024 Coach parent Tapestry raised its annual profit forecast on Thursday, betting on full-price sales of its premium handbags and early signs of a demand…
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