Mango’s Sales Rise 8% in 2024: A Result of Strategic International Expansion Mango, the renowned Spanish fashion retailer, has recently made headlines with an impressive 8% increase in sales for the year 2024. The company reported a total revenue of 3.33 billion euros ($3.62 billion), marking a significant milestone in its journey towards global success. […]
Birkenstock Sales Jump On High-End Clog Boom, Asia Expansion
Birkenstock Sales Jump On High-End Clog Boom, Asia Expansion Birkenstock, the renowned sandal-maker, has recently made waves in the fashion industry with a remarkable 19 percent increase in sales. This surge in revenue can be attributed to the soaring demand for its iconic footwear, particularly the high-end clogs that have become a staple among fashion-forward […]
Trump discusses TikTok sale with China
Trump Discusses TikTok Sale with China The global tech industry is abuzz with the recent developments surrounding the popular social media platform TikTok. After a prolonged legal battle and amidst growing concerns over US national security, President Trump has engaged in discussions regarding the potential sale of TikTok to a Chinese entity. The saga began […]
Coach Parent Tapestry to Sell Stuart Weitzman Footwear Brand for $105 Million
Coach Parent Tapestry to Sell Stuart Weitzman Footwear Brand for $105 Million In a strategic move to streamline its portfolio and focus on organic growth, Coach parent company Tapestry has announced the sale of the iconic Stuart Weitzman footwear brand for a significant $105 million. This decision comes on the heels of Tapestry’s commitment to […]
New York senator proposes crypto task force
New York Senator Proposes Crypto Task Force In a bold move towards embracing the ever-growing world of cryptocurrency, a New York senator has proposed the formation of a specialized task force. This task force would be dedicated to examining crucial areas within the realm of cryptocurrency, including tax revenues, energy consumption, and regulatory policies. The […]
Gucci Sales Slump as Kering Seeks New Designer
Gucci Sales Slump as Kering Seeks New Designer Gucci, the epitome of luxury and style, has hit a bump in the road as its fourth-quarter sales took a significant dip of 24 percent. This unexpected decline has set off alarm bells not only within the iconic Italian brand but also for its parent company, Kering. […]
L’Oréal Sales Miss Estimates as China Demand Remains Weak
L’Oréal Sales Miss Estimates as China Demand Remains Weak French cosmetics giant L’Oréal recently faced a setback as its sales growth fell short of expectations, registering a mere 2.5 percent increase. The underperformance was primarily attributed to softened demand in the US market, further exacerbated by the persistent sluggishness in China, ultimately dragging down the […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
Puma Shares Fall After Sales and Profit Miss
Puma Shares Plunge by 18% After Missing Sales and Profit Targets Puma, the renowned sneaker maker, faced a significant setback as its stock plummeted by approximately 18%, marking its lowest level since 2018. The sharp decline came as a result of the company falling short of its sales and profit targets, causing concern among investors […]
Chinese Luxury Sales Expected to Remain Flat in 2025, Report Says
Chinese Luxury Sales Expected to Remain Flat in 2025, Report Says The luxury market in China has been a hot topic of discussion in recent years, with fluctuations and changes that have kept analysts on their toes. According to the latest report by consultancy Bain and Company, the Chinese luxury market experienced a decline of […]