Amidst a general slowdown in demand for luxury goods and with Gucci struggling badly, Kering has seen its first half net profit halved as compared to the same period last year
The French-based luxury conglomerate has posted a 14% year-on-year fall in first half net profit amid an uncertain macroeconomic environment. Fashion & Leather Goods division hit by currency fluctuations
The Japanese fashion retailer has posted a large increase in revenue and profits in the first nine months of its current fiscal year, driven by strong performances from Uniqlo across almost all regions
Unaudited results for the second quarter and first half of 2024 show that the Hong Kong-based manufacturer’s growth has been driven by an increase in shipments in the sports category
The Japan-based sportswear company has raised its full-year operating profit guidance by 64% year-over-year on rising demand for its sneakers in the domestic market and abroad
According to preliminary results for the second quarter of the year, the German-based sportswear company posted a better-than-expected quarter and raised its full-year guidance as a result
The luxury company has warned of an operating loss in the 1H of the year if the slowdown in the luxury sector continues, after reporting a 21% year-on-year fall in sales in the 1Q and announcing the exit of CEO Jonathan Akeroyd
The UK-based footwear company has reported that trading in the first quarter was in line with expectations and that its guidance for the financial year 2025 remains unchanged
The sportswear company is expected to post strong sales and its highest profit margin in three years in the second quarter, according to analysts. The forecast comes amid recent struggles at rival Nike
The British footwear retailer has lowered its full year guidance due to continued cost pressures related to container prices and weaker-than-expected sales of its spring-summer collection
The US-based sportswear giant has announced modest results for the fourth quarter and the full year, as it seeks to position itself for profitable growth in the long term
The Sweden-based fashion group has reported a solid performance in the second quarter of 2024. However it has also warned of a drop in sales in June, mainly due to “unstable weather” in some of its key markets
The UK arm of the French-based retailer posted a 2 million British pounds (2.4m euros) loss in 2023, after investing 10 million British pounds (11.8m euros) in transformation initiatives
The British footwear specialist is reportedly set to slash 150 office jobs, as losses widened last year. The latest job cuts come after the company made 103 roles redundant in 2023
The parent company of the British footwear retailer Clarks suffered a net loss in 2023, despite overall revenue growth. The results reflect a weak demand, with cautious consumers facing high inflation and rising interest rates