Ulta Beauty Braces for a Challenging 2025 Ulta Beauty, the renowned US retailer in the beauty industry, is gearing up to face a challenging year ahead as it indicates a soft start to 2025. The beauty giant, known for its extensive range of beauty products and services, is feeling the impact of a global slowdown […]
Mango’s Sales Rise 8% in 2024
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. […]
Olaplex Sales Slide 9.8%, Specialty Retail Recovers
Olaplex Sales Slide 9.8% in Q4 as Specialty Retail Sector Recovers The biotechnology hair care company, Olaplex, recently reported a 9.8% decrease in sales, amounting to $100.7 million in its fourth-quarter earnings. This decline was primarily driven by a significant drop in professional sales. However, amidst this setback, there is a silver lining as the […]
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation
Italian Court Lifts Supervision of Dior Unit Over Labour Exploitation In a significant development, an Italian court has lifted the supervision of a Dior unit over allegations of labor exploitation. This decision comes after the luxury fashion house faced scrutiny when Italian prosecutors linked it to sweatshops on the outskirts of Milan. The company, known […]
EU to Pare Back Sustainability Rules for Companies, Draft Shows
EU to Pare Back Sustainability Rules for Companies: A Strategic Move to Boost Competitiveness In a bid to enhance the competitiveness of local industries and address the challenges posed by the promise of regulatory rollbacks by the Trump administration, Brussels is gearing up to unveil an “omnibus” proposal aimed at streamlining sustainability regulations for businesses. […]
EU Moves Closer to Putting a Waste Tax on Fashion
EU Takes Steps Forward in Imposing Waste Tax on Fashion In a groundbreaking move, the European Union is making strides towards implementing a waste tax on the fashion industry. This significant development means that brands and retailers will soon be obligated to bear the expenses associated with collecting, sorting, and recycling old clothes. The implications […]
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates VF Corp, the parent company of popular brands like Vans, has recently made a significant comeback in the retail industry. After facing two consecutive quarterly losses, the company has managed to turn a profit and exceed second-quarter sales estimates. This impressive achievement has not only […]
Richemont’s Market Cap Surpasses CHF100 Billion
Richemont’s Market Cap Surpasses CHF100 Billion Switzerland’s luxury powerhouse, Richemont, has been making waves in the financial world as its market capitalization recently exceeded a staggering CHF100 billion. This achievement comes on the back of a remarkable six-day streak of share price increases following the company’s outstanding sales performance during the holiday shopping season. The […]