US Retail Sales Beat Expectations in June In a surprising turn of events, US retail sales soared by 0.6 percent in June, surpassing expectations and signaling a positive trend in consumer spending. This increase was partly attributed to higher prices across various sectors, with apparel leading the gains at an impressive 2.4 percent. The rise […]
US Retail Sales Post Biggest Drop in Four Months
US Retail Sales Experience Significant Drop in May, With Silver Lining in Clothing Sector The recent report on US retail sales for the month of May has left economists and analysts pondering over the state of the economy. The figures show a decline in retail sales, marking the biggest drop in four months. This unexpected […]
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss Victoria’s Secret, the renowned lingerie brand, has been facing a challenging time as it struggles to make a turnaround under the leadership of CEO Hillary Super. Despite her efforts, the company’s first year under her helm has been marred by various external factors that have posed […]
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods Vietnam is making headlines in the global markets fashion business news with its recent crackdown on counterfeit luxury goods. The country, known for its bustling markets and vibrant street shopping scene, has long been a hotspot for counterfeit products, including fake designer handbags, clothing, and accessories. However, […]
Ulta Beats Estimates as Beauty Demand Bucks Consumer Pullback
Ulta Beauty Shines Bright: Exceeding Expectations Amidst Consumer Spending Slowdown Ulta Beauty has emerged as a beacon of light in the retail industry as it defies the odds of a consumer spending slowdown. The beauty retailer recently released its financial results, surpassing estimates and raising its full-year outlook for both sales and profit. This accomplishment […]
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty
Macy’s Cuts Annual Profit Forecast Amid Tariff Uncertainty Macy’s, the renowned American department store chain, recently made headlines by lowering its annual profit forecast. The reason behind this unexpected move? Tariff-related uncertainty and a sense of caution prevailing among consumers. This decision comes on the heels of Macy’s success in surpassing first-quarter net revenue estimates, […]
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks LVMH, the luxury goods giant based in France, has long been a prominent player in the European stock market. However, recent developments have seen the conglomerate’s position among the top five biggest stocks in Europe falter. The company’s shares experienced a notable decline of 3 percent […]
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
Explainer: How Trump’s Tariffs Threaten Luxury Fashion The recent shifts in US trade policy under the Trump administration have sent shockwaves through various industries, and luxury fashion is no exception. While it may seem like increased tariffs won’t significantly impact retail prices immediately, the ripple effects on the global economy and consumer sentiment could pose […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]
Nike Comeback Bid Is Threatened by Inventory Reset, Tariffs
Nike’s Comeback Bid Faces Challenges from Inventory Reset and Tariffs Nike, the iconic activewear brand, is currently facing a turbulent period as it navigates through a challenging landscape of inventory issues and tariffs. The company’s shares recently took a hit, dropping nearly 5 percent following a concerning statement made by CFO Matthew Friend during Nike’s […]