Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
This week, everyone will be talking about the kickoff to the holiday shopping season, financial results from a trio of mall brands and the status of Brexit negotiations. Get your BoF Professional Cheat Sheet.
This week, everyone will be talking about the US election, Richemont's latest results and the start of the holiday shopping season. Get your BoF Professional Cheat Sheet.
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
Threatened by strong e-commerce sales, US department stores went big on their holiday window displays in an effort to draw in consumers.
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"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
$2 billion was spent online by US consumers in the first hours of the holiday, but in-store Black Friday crowds were thin.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
Online retailers including Asos are banking on a surge in Black Friday sales, as 87 percent of consumers plan to spend more than they did last year.
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Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
While the North East was hit by cold weather, customary buying frenzies could be seen throughout the country.
Holiday sales this year are set to reach a record $701 billion, led by e-commerce and consumer electronics.
The retailer's push to scrap as much of its inventory as possible through bulk sales may spell more pain in the short term and put additional pressure on margins.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.