Cucinelli Sees Operating Profit Increase 13% in 2024, Confirms Guidance Italian luxury group Brunello Cucinelli has once again demonstrated its prowess in the fashion industry by announcing a remarkable 13 percent increase in operating profit for the year 2024. This significant boost in profitability not only showcases the brand’s resilience but also underlines its ability […]
Golden Goose Reports Double-Digit Sales Growth in 2024
Golden Goose Reports Double-Digit Sales Growth in 2024 Golden Goose, the private equity-backed luxury sneaker maker, has recently announced a remarkable achievement – double-digit sales growth in 2024. This significant milestone comes at a time when the company is strategically focusing on maintaining its momentum in the ever-changing luxury market landscape. The brand’s decision to […]
JD.com Sales Rise Most in Years After China Consumers Awaken
JD.com Sales Rise Most in Years After China Consumers Awaken Chinese e-commerce giant JD.com has recently reported a substantial surge in sales, marking its fastest revenue growth in nearly three years. This significant uptick, with a remarkable 13 percent increase in sales for the December quarter, has been attributed to a combination of factors, including […]
Rabanne Owner Puig Expects Slower Sales Growth in 2025
Rabanne Owner Puig Expects Slower Sales Growth in 2025 Puig, the renowned owner of iconic fragrance brand Rabanne, is anticipating a shift in tides as they brace themselves for a slower sales growth in the upcoming year. This projection comes in the wake of a global beauty slowdown, coupled with the looming threat of potential […]
Bath & Body Works Forecasts Tepid Annual Results on Tariffs, Spending Concerns
Bath & Body Works Forecasts Tepid Annual Results on Tariffs, Spending Concerns Bath & Body Works, a well-known retailer specializing in personal care and home fragrance products, recently announced its fiscal 2025 forecast, projecting a modest net sales growth of 1 percent to 3 percent. While this prediction indicates some expansion, it falls notably below […]
Hermès Sales Accelerate, Raising Hopes for China Turnaround
Hermès Sales Accelerate, Raising Hopes for China Turnaround The renowned luxury brand Hermès has recently reported a significant surge in revenue, marking an 18 percent increase at year-end. This positive development has sparked optimism among investors and industry experts, particularly due to the notable sales growth in China. The country’s previously sluggish economy had been […]
Crocs Inc. Sales Rise Thanks to China and North America
Crocs Inc. Sales Rise Thanks to China and North America Crocs Inc., the iconic footwear company known for its comfortable clogs, has been making significant strides in its sales performance, particularly in the key markets of China and North America. The company’s latest financial report indicates a notable increase in revenue, thanks to a surge […]
Mytheresa Grows Sales Amid Continued Focus on Top Clients
Mytheresa Grows Sales Amid Continued Focus on Top Clients Mytheresa, the renowned luxury e-commerce platform, has weathered the storm of the luxury e-commerce slowdown this year with resilience and strategic foresight. As the industry faced unprecedented challenges, Mytheresa stood out by not only surviving but thriving, showcasing its ability to adapt to the ever-changing landscape […]
Richemont’s Sales Soar 10%
Richemont’s Sales Soar 10%: A Promising Sign for the Luxury Goods Market In the realm of luxury goods, few names hold as much weight as Richemont. The Swiss conglomerate, known for its prestigious brands such as Cartier, Montblanc, and Piaget, has long been a barometer for the health of the high-end market. So when news […]
Urban Outfitters Defies Retail Woes on Anthropologie Sales Gains
Urban Outfitters Inc. has recently reported a notable performance in its third-quarter earnings, bucking the trend of struggles faced by many retailers in the current economy. For the quarter ending October 31, the company saw its sales increase by 1.5% at stores that had been open for at least 12 months, surpassing analysts’ forecasts of […]