The US beauty supplies specialist recorded a 0.2% decline in net sales, down to $996.3 million, in the third quarter. The company is maintaining its focus on its restructuration plan, and announced the forthcoming closure of 1-2% of its stores.
Giorgio Armani, which posted falling sales and profits last year, warned on Thursday that revenues and margins will continue to slide for the next two years before the company returns to growth in 2020.
A pick-up in European sales proved the bright spot for Hugo Boss in the second quarter, as the German fashion house pursues a turnaround in its home market and updates its ranges to try to draw in younger shoppers.
Baidu beat expectations for quarterly profit and revenue on the back of strong growth in its core online advertisement business, easing the pressure of funding a major expansion into new technology areas.
Fitbit Inc on Wednesday outpaced Wall Street estimates for quarterly results as its strategy of adding smartwatches to its product line got a boost in the second quarter with higher sales for ‘mass-appeal’ Versa.
The Chilean retailer said on Wednesday it had purchased Latin American e-commerce company Linio for $138 million, adding it was seeking $800 million in financing to put towards the acquisition and other investments.
A rescue deal for British retailer House of Fraser was thrown into doubt on Wednesday after C.banner cancelled planned fundraising for its deal to become a majority shareholder in the department store.
French cosmetics giant L'Oreal said Wednesday it had acquired Germany's Logocos Naturkosmetik, a firm that offers vegan and organic beauty products, which it plans to offer more widely internationally.
Next got a boost from Britain’s hot summer with a 2.8 percent rise in Q2 sales but the fashion retailer does not see the warm glow lasting, sticking to forecasts that indicate little growth for the rest of the year.
Salvatore Ferragamo has named former Kering executive Micaela le Divelec Lemmi as its new CEO although it’s less of a change than it might have been given that she has been general manager of the firm since the spring.