By Bloomberg Published Aug 29, 2024 With shares of Birkenstock Holding Plc gaining about a third since its $1.5 billion initial public offering, the pressure is on for the orthopedic shoe company to deliver when it reports earnings Thursday. Cortesía Investors have taken in stride the prospect of a sell-down by its private equity owner, [...]read moreBirkenstock share run-up leaves little room for earnings error
Quiz has released its full-year results for the period to the end of March with the company confirming much of what it said in its late June update but adding that strategic initiatives are under way to improve its performance and profitability while managing its cash position. Quiz The final, audited results show revenue for [...]read moreWeak results for Quiz’s latest year and bleak forecast, but company talks of ‘green shoots’
Two UK-based jewellery brands — Astley Clarke and Edge of Ember — announced this week that they’re “coming together to forge a new chapter in the world of luxury accessories”. Astley Clarke They said their merger “symbolises a strategic blend of heritage and innovation, setting the stage for a uniquely enhanced customer experience”. It means [...]read moreAstley Clarke and Edge of Ember merge leadership
Victoria’s Secret & Co. reported net sales of $1.417 billion for the second quarter of 2024, a decrease of 1%. Victoria’s Secret reports Q2 sales decline, raises full year 2024 outlook. – Victoria’s Secret The Reynoldsburg, Ohio-based company said total comparable sales during the quarter ending August 3, decreased 3%, yet the overall results were at [...]read moreVictoria’s Secret reports Q2 sales decline, raises full-year 2024 outlook
By Reuters Published Aug 29, 2024 Bath & Body Works cut its annual sales forecast on Wednesday, a sign of weaker demand for its pricey products such as fragrances and scented candles in the face of still-high inflation. Facebook Bath & Body Works Consumers, grappling with rising costs of living, are still cautious on spending [...]read moreBath & Body Works cuts annual sales forecast on tepid demand
Guess Inc. announced on Wednesday sales increased 10% to $732.6 million, on growth across all segments except for the U.S. brand’s Asia region. Guess The Los Angeles-based company said Europe revenues increased 5% during the three months ending August 3, with regional retail comparable sales up 1%, while the firm’s Americas sales gained 8%, despite a 10% [...]read moreGuess sales rally on growth across all segments except Asia, adjusts full-year guidance
Translated by Roberta HERRERA Published Aug 28, 2024 The British conglomerate known for its extensive range of hygiene, cosmetic, and food products, is contemplating a strategic refinement of its Unilever Prestige division’s portfolio. According to Sky News, the multinational has reportedly enlisted advisors from PricewaterhouseCoopers to explore the sale options for Kate Somerville, a skincare [...]read moreUnilever considers selling Kate Somerville and Ren Clean skincare brands
Foot Locker announced on Wednesday a return to sales growth in the second quarter, up 1.9% to $1.9 billion, with the U.S. firm revealing plans to relocate its headquarters and shutter operations in several markets. Foot Locker- Facebook The New York City-headquartered specialty footwear retailer said comparable sales increased by 2.6%, led by global Foot Locker and Kids [...]read moreFoot Locker returns to sales growth; plans to relocate HQ to Florida, shutter ops in several international markets in 2025
The Ins And Outs Of Micromanagement If you’ve ever had a manager checking everything you do, watching over your shoulder, and making you feel uncomfortable, you’ve experienced micromanagement. Micromanagement is a habit some leaders develop when they’re too anxious or apprehensive to let go of control. Instead of leading their team to success, they end [...]read more7 Striking Signs Of Micromanagement And How To Deal With It