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.
Nick Robertson
Op-Ed | Asos Can't Hide from Brexit
The online retailer has been nicely protected from Brexit, but if the British shopper starts to cut back, some of the heady advantage it's enjoyed may start to fizzle out.
Power Moves | Asos and Net-a-Porter Founders Exit, LVMH Names Chief Digital Officer
BoF compiles the most important professional moves of the week.
Bits & Bytes | E-commerce Heads Exit, Smartwatch Rivals, Social Media's Influence
Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Asos Chief to Step Down 15 Years After Founding Fashion Retailer
Asos Plc, the UK’s largest online-only fashion retailer, said chief executive officer Nick Robertson will step down, 15 years after he co-founded the business.
Asos Says Full-Year Sales Will Be at High End of Forecast
Asos Plc, the U.K.’s biggest online-only fashion retailer, said it expects full-year sales will be at the higher end of its forecast range as price cuts abroad lure customers.
Asos Profit Declines as Investments Hurt Margins
Asos Plc, the U.K.’s biggest online-only retailer, reported a 10 percent decline in first-half profit, hurt by a new pricing policy and investments to speed up shipping.
Asos Second-Quarter Sales Beat Estimates
Asos Plc, the U.K.’s largest online-only fashion retailer, reported second-quarter sales that beat analysts’ estimates as revenue growth in its home market accelerated.
Asos Misses Estimates as International Revenue Declines
Asos Plc, the U.K.’s largest online- only fashion retailer, reported lower first-quarter sales growth than analysts anticipated as trading conditions abroad “remained challenging.”
Asos Annual Pretax Profit Declines for First Time in Three Years
STOCKHOLM, Sweden — Asos Plc reported its first annual profit decline in three years as the U.K.'s biggest online-only fashion retailer spent more on
Asos First-Half Profit Falls Less Than Analysts Had Anticipated
LONDON, United Kingdom — Asos Plc reported first-half profit that fell less than analysts expected as the U.K.'s largest online-only fashion retailer
Asos Sales Growth Slows on Australia and Russia Currency Moves
LONDON, United Kingdom — Asos Plc, the U.K.'s largest online-only fashion retailer, said second-quarter sales growth slowed on adverse currency
Online Retailers Go Hi-Tech to Size up Shoppers and Cut Returns
BERLIN, Germany — Online retailers are trying to cajole consumers into revealing their vital statistics with new sizing technology tailored to turn
Company Snapshot
As co-founder and former CEO of Britain’s largest e-tailer, he pioneered fashion e-commerce by offering accessible apparel to stylish twenty-somethings.
The News in Brief
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
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.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Sales at Italy’s Moncler Up 16% in First Quarter Boosted by China
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
PZ Cussons to Sell St Tropez, May Exit Africa
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU Parliament Approves New Business Supply Chain Audit Law
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.