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Latest in Financial

Manolo Blahnik Group Swings to Profit, Notches Record Sales in 2021

The luxury footwear and accessories brand made significant gains despite lockdown-related closures in its key…

Nike Stock Hit as Margins Weaken, Inventory Builds and China Declines

The active leader touted its brand strength, but investors zeroed in on concerns that flow out of the…

H&M Launches Cost-cutting Drive After Q3 Profit Hit

Weak sales in many of its major markets also impacted the retailer in the three months to Aug. 31.

VF Warns on ’23, Sets Five-year Plan, Plots Supreme Expansion

The active giant, which cut its outlook for this year, is resetting at Vans and going into growth mode at…

Burberry Shares Surge After Daniel Lee Named Chief Creative Officer

The financial markets, luxury and retail analysts, gave CEO Jonathan Akeroyd's first big hire a thumb's up on…

Target Plans to Hire 100,000 Workers for Holidays — the Same Number as Last Year

The news comes just one day after competitor Walmart said it would hire less than half of the previous year's…

Walmart Plans to Hire Just 40,000 Workers This Holiday

In better days last year, the mega retailer looked to bring 150,000 employees on board.

Ralph Lauren Accelerates, Sets Strategic Plan to Build on ‘Fortress Foundation’

Ralph Lauren rang the opening bell at the New York Stock Exchange on Monday, celebrating 25 years as a public…

Off the Rails, Retail’s Other Second-half Risk

With a tentative deal between railways and their unions, retailers can turn back to wondering just what…

Kanye West and Gap Terminate Partnership

Kanye West, who has grown increasingly frustrated with his partnerships, is trying to walk away from Gap.

Mytheresa Notches Double-digit GMV Gains, Strong Profits in Q4, and Full Fiscal 2022

The online luxury retailer sees itself as "one of the few winners in the clearly consolidating luxury…

H&M Sales Slow in Q3

Net sales climbed 4 percent, but down in local currencies for the Swedish fast-fashion retailer.

Patagonia’s New Plan, Owned by the Planet

The family of founder Yvon Chouinard transferred ownership of the firm to two new entities set up to use its…

Lanvin Group Owner Fosun Denies Reports of Regulatory Probe

In the face of a property market downturn and a slowing economy, a Fosun bond rout triggered a slump for…

Reed Krakoff Named John Hardy Creative Chair, Adviser to L Catterton

The veteran of Tiffany & Co. and Coach is bringing his vision to private equity giant as well as the…