Victoria’s Secret Jumps as Sales Decline Moderates
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
In another shake-up by Lanvin’s owner Fosun International, Lucas Ossendrijver is departing after 14 years designing menswear, while market reports suggest Loewe’s Bruno Sialelli is in the frame to take over.
For all its slick urbanity and fanciful layering, the collection never lost Lucas Ossendrijver’s light hand.
Several established luxury houses including Balenciaga, Dior Homme and Lanvin have turned to chunky footwear as they target increasingly street-savvy consumers.
It felt like a strong collection from Lucas Ossendrijver, though a diverse cast of models barely out of tweenage did force complete focus on the clothes.
There were some ideas to appreciate at the Lanvin show, particularly Lucas Ossendrijver's more technical outerwear, but it was hard to see how the rest of the collection could deliver the energetic momentum that he was looking for.
This men’s fashion season is all about getting back to reality and elevating the everyday, reports Angelo Flaccavento.
Lucas Ossendrijver said the Lanvin collection was his reaction to what’s going on in the world. A wardrobe for a world gone horribly wrong.
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
The American apparel chain has returned to the Manhattan retail neighbourhood for the first time since 2017.
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.
The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.
The company’s main growth driver was its continued store openings, with eight new locations during the quarter and a total of 40 anticipated for 2024.
New analysis shows that 162,000 tourists from outside the European Union sought refunds on VAT — a sales tax — exclusively in Britain in 2019. One fifth of those tourists are now claiming rebates in other parts of the EU, where the tax break still applies.