Quarter Results
Kering posts revenue growth
The French-based luxury group continued to grow in the third quarter of the year, led by the "stellar" performance of Yves Saint Laurent. Gucci still hit by COVID-19-related restrictions in China
Hermès sales on rising mode
The French-based luxury group reported a sales jump of 30% in the first nine months of 2022, year-over-year, and shows no signs of slowing down. Price hikes are in the pipeline for 2023
LVMH reports steady growth
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter
VF Corp cuts full year outlook but outlines long-term growth strategy
The US-based apparel and footwear group revised its outlook for the current fiscal year after lower-than-expected results in the second quarter. It also mapped out a 5-year strategic growth plan
Nike announces first quarter results
The US-based company reported revenue growth in the first quarter of fiscal 2023, but a decline in earnings mainly due to overstocked inventory. Performance in China impacted by COVID-19-related disruptions
JD Sports remains cautious for the second half
In an interim results announcement for the first half of 2022, the UK-based retailer, which posted a drop of 18% in profits, confirmed its full year outlook despite the macroeconomic uncertainty
H&M sales decline in local currencies
The Sweden-based fashion group advanced that while sales were up by 3% as reported in the third quarter of the current fiscal, year-over-year, they dropped by 4% in local currencies
Tod's exceeds pre-pandemic levels
The Italian-based luxury group, whose revenue in the first half of 2022 grew by 17.4% year-over-year to 467.5 million euros, reported having "returned to values higher than those of 2019"
Inditex posts strong performance
The Spanish-based fashion group reported that sales, EBITDA and net income reached historic highs in the first half of 2022
Stella on growing mode
In the first half of 2022, the Hong Kong-based footwear manufacturer and retailer reported a rise in revenue of 18.9%, year-over-year, while warning about the demand for the remaining year
Ferragamo reports solid first half
The Italian-based luxury group posted revenue and profits growth in the first half of the year, as compared to the same period of last year, "despite the enduring impact of the pandemic in China"
Genesco lowers full year outlook
As Journeys failed to meet expectations in the second quarter of fiscal 2023, and in light of the current impact inflation is having on consumer spending, the company lowered its guidance for the full year
Farfetch posts GMV and revenue growth
Following the acquisition of a 47.5% stake in YOOX Net-A-Porter (YNAP), part of Richemont's group, the luxury online retailer announced results for the second quarter of fiscal 2022
Caleres reports strong performance
The US-based footwear group posted record consolidated net sales and earnings in the second quarter of fiscal 2022, raising its sales outlook for the full year
Tapestry posts record yearly revenue
Despite reporting a weak fourth quarter, the owner of Coach, Kate Spade and Stuart Weitzman posted a record revenue of 6.7 billion US dollars over fiscal 2022, exceeding pre-pandemic levels-
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