By Reuters Published June 5, 2025 Lululemon Athletica cut annual profit expectations and forecast second-quarter revenue below estimates on Thursday, as consumer demand waned amid increased competition and a gradual economic slowdown triggered by uncertainty over the Trump administration’s trade policy. Lululemon Shares of the sportswear maker fell 21% in after-market trading. Although Lululemon has…
Calvin Klein owner PVH Corp. on Wednesday announced first-quarter sales beat expectations to rise 2% to $1.984 billion, thanks to growth at its Tommy Hilfiger brand. Calvin Klein The New York-based company said Calvin Klein brand sales were flat at for the three months ending May 4, outpaced by a 3% sales uptick at brother brand, Tommy…
Grosvenor Group, which operates 300 acres of prime property in the West End of London on behalf of The Duke of Westminster, returned to pre-tax profit in 2024. The multi-billion pound estate earned £24 million for the 12 months to the end of December, having suffered a £175 million loss in 2023, as the business…
Richemont — the owner of Chloé, Alaïa, Dunhill, Cartier and more — revealed its full-year figures on Friday saying the 12 months to the end of March saw a “robust” performance. But while there was good news, there were also some negative figures in the report. See catwalkChloe – Spring-Summer2025 – Womenswear – France –…
In March, after a steep decline in Tesla’s share price, Elon Musk told employees, “Hang on to your stock.” The chair of Tesla’s board, Robyn Denholm, has not heeded his advice. Ms. Denholm has made $198 million in the past six months selling Tesla stock that she earned for serving on the board, according to…
By Europa Press Translated by Nazia BIBI KEENOO Published May 8, 2025 German sportswear manufacturer Puma reported a sharp decline in its net profit for the first quarter of 2025, falling to just 0.5 million euros. This marks a dramatic 99.5% drop compared to the same period in 2024, according to financial results released by…
Translated by Nazia BIBI KEENOO Published May 8, 2025 Adolfo Domínguez, a Spanish fashion brand known for its minimalist aesthetic and the slogan “Wrinkles are beautiful,” closed fiscal 2024 on a positive note. The company increased its sales by 7.8% to reach €136.5 million, while net profit rose 24.4% year-over-year to €0.9 million. This marks…
Translated by Nazia BIBI KEENOO Published May 6, 2025 The Paris-based womenswear label, known for its leather tailoring and rock-inspired denim, posted improved financial results as it continues navigating a restructuring process. Autumn-Winter 2025/26 collection – Barbara Bui Founded in 1987 by designer Barbara Bui, the brand has built a loyal following for its sharp,…
Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…
Since the release of the ChatGPT chatbot in 2022, Microsoft has plowed more and more money into building data centers in what one industry analyst called “the largest infrastructure build-out that humanity has ever seen.” But after 10 consecutive quarters of increased spending for artificial intelligence, the company has put on the brakes, according to…