Results
Kering expects H1 recurring operating income to decline by 40-45%
The French-based luxury giant expects its first half operating profit to plummet by 40% to 45%, after reporting a 10% year-over-year fall in sales, largely due to the weak performance of Gucci
Asos announces stock reduction ahead of target
The online retailer widened its losses in the first half of its fiscal year, but said its turnaround plan was progressing well, highlighting that it had reduced its stock levels ahead of target
Inflation threw a curveball at sportswear spending in 2023
The sportswear segment has proven not to be immune to the effects of inflation, with most of global players seeing their sales slow in 2023. Caution seems to prevail in 2024, but there are signs that consumer spending could pick up later in the year
Better-than-expected first quarter prompts adidas to raise guidance
The German-based sportswear company has announced better-than-expected figures in its preliminary results for the first quarter of 2024, raising its full-year guidance in result
Sports category drives first quarter growth for Stella Holdings
The footwear manufacturer has reported an unaudited consolidated revenue increase of 18.9% year-on-year in the first quarter of 2024, mainly due to demand for sports products
New CEO at Dr. Martens as the outlook for FY25 worsens
The British footwear company has announced that Ije Nwokorie, currently Chief Brand Officer, will succeed Kenny Wilson as CEO, while admitting that the outlook for fiscal 2025 is challenging
Slow start to 2024 for LVMH
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024
Luxury hit the brakes in 2023
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand
Golden Goose posts double-digit growth
Ahead of its initial public offering (IPO), the Italian-based luxury brand, known for its Superstar sneakers and distressed styles, has posted an 18% year-on-year net sales growth in 2023
Uniqlo owner posts robust first half
The Japan-based Fast Retailing has reported a “record” first half revenue of 1.60 trillion yen (9.77 billion euros), up by 9.0% year-on-year, mainly due to a strong performance from Uniqlo overseas
Strong year 2023 for Decathlon
The French group reported a “robust economic performance” in 2023, saying it had “laid a strong foundation for the future” under its new ‘Move People Through the Wonders of Sport’ strategy
Asos reports a sales decline in the first half of its fiscal year
With its turnaround plan underway, the British retailer has issued a trading update for the first half of its fiscal 2024, in which sales fell by 18% year-on-year, but maintained its annual outlook
Short term outlook for JD Sports remains challenging
The UK-based sports retailer has reported a 3.6% year-on-year sales growth in its fiscal 2024, but expects the trading environment to remain challenging in the first half of the current year
H&M’s operating performance improves in the first quarter
Despite a slight decline in net sales, the Sweden-based fashion group surprised with a “substantial improvement” in operating profit and total profit in the first quarter of its fiscal year
Next reports solid fiscal 2024
The UK-based fashion retailer reported a total sales growth of 5.9% year-on-year in its last fiscal year and a pre-tax profit that beat the expectations announced in January-
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