Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]
Lululemon Regains Momentum on Strong Holiday Sales
Lululemon Regains Momentum on Strong Holiday Sales The athleisure giant, Lululemon, is making waves once again in the retail industry as it announces a significant uptick in its fourth-quarter sales outlook. With an expected revenue increase of 11 percent to 12 percent, the company is showcasing its resilience against the backdrop of rising competition and […]
Abercrombie Shares Drop Despite Strong Holiday Sales
Abercrombie Shares Drop Despite Strong Holiday Sales Abercrombie & Fitch, the renowned American retailer, has recently faced a setback as its shares took a dip by 7.4 percent in Monday’s premarket trading session in New York. This decline comes as a surprise considering the company’s impressive performance in the past year, where its shares witnessed […]
Lululemon Raises Annual Forecasts Betting on Robust Holiday Sales
Lululemon Athletica recently announced an optimistic revision of its revenue and profit forecasts for the fiscal year 2024, reflecting a strong demand for athletic wear in the United States during the holiday season. This confidence in market resilience translates to an expected revenue range of $10.452 billion to $10.487 billion, which surpasses the company’s previous […]
EBay Falls After Projecting Lackluster Holiday Season Sales
EBay Inc. is facing challenging times as it released disappointing projections for the upcoming holiday season, causing its shares to plummet in extended trading. The e-commerce company revealed a forecast indicating revenue of between $2.53 billion and $2.59 billion for the quarter ending in December, falling significantly short of analysts’ expectations of $2.64 billion. Additionally, […]
This Week: The Holiday Shopping Season Begins
As the much-anticipated holiday shopping season approaches, U.S. retailers find themselves in a unique environment marked by caution and shifting consumer behavior. The recent resolution of the strike at the East Coast and Gulf Coast ports has relieved immediate pressure on stock supplies that could have significantly impacted the busiest shopping season of the year. […]