By AFP Published September 28, 2024 Gold reached record-breaking levels in September, buoyed by a bumper US interest rate cut, fears of rising geopolitical conflict, and an import tax cut in India that has galvanised local demand. AFP India, the world’s second largest consumer of gold jewellery, cut the import tax on gold in July [...]read moreGold pushed to new records as India demand reignites
By Reuters Published September 11, 2024 WH Smith reported a higher annual revenue on Wednesday as robust travel demand propelled sales of its products ranging from sandwiches to books, sending the British retailer’s shares up 11%. WH Smith, an over 230-year-old brand, said trading in the new financial year so far was in line with [...]read moreUK retailer WH Smith posts 7% annual revenue growth fuelled by travel demand
By Reuters Published Aug 30, 2024 Lululemon Athletica cut its annual sales and profit forecasts on Thursday, as demand for its pricey leggings and tank tops slowed in North America amid selective consumer spending. Lululemon Its shares swung between heavy losses and gains to settle 5% higher after the bell as the athleisure wear maker’s [...]read moreLululemon cuts annual forecasts on tepid US demand, slower product refresh
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
By Reuters Published Aug 7, 2024 Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady demand for its pricey denims and polo shirts in Europe and Asia. Shares of the New York-based company rose 3% in premarket trading. Steady appetite from wealthier consumers has driven demand for designer fashion at [...]read moreRalph Lauren revenue rises 1% on stable demand in Europe, China
By Reuters Published Aug 7, 2024 VF Corp reported a smaller-than-expected drop in first-quarter revenue on Tuesday, helped by improvement in its China business as well as leaner inventory levels, sending its shares up 5% in extended trading. Reuters Sales in its Greater China business were up 4% on a constant currency basis, as the [...]read moreVans parent VF Corp posts smaller Q1 revenue drop than expected, on better China demand
By Reuters Published Aug 1, 2024 EBay exceeded Wall Street expectations for second-quarter revenue and profit, buoyed by robust demand for pre-owned goods, cost-effective automotive parts and accessories. Ebay The e-commerce giant’s third-quarter revenue forecast, however, fell short of analysts’ estimates, signaling effects of a tough economy. The company’s strategic focus on specialized categories, such [...]read moreEBay beats quarterly results estimates on steady demand for refurbished goods
By Reuters Published Jul 16, 2024 German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. See catwalkBoss – Fall-Winter2023 – 2024 – Womenswear [...]read moreHugo Boss cuts full year sales guidance over weaker demand in China, UK
New-home purchase mortgage applications rose 1% month over month and 13.8% year over year in May, according to data released Thursday by the Mortgage Bankers Association (MBA). The data is derived from the trade group’s survey of homebuilders. The MBA also estimated that sales of new single-family homes reached a seasonally adjusted annual rate of [...]read moreNew homes remain in demand as mortgage applications rise in May
By Reuters Translated by Roberta HERRERA Published Jun 10, 2024 The departure of Chanel‘s creative director has profoundly shaken the luxury industry, underscoring its current predicament between exorbitant prices and decelerating demand. Major fashion houses such as Chanel, Louis Vuitton, and Dior (LVMH) rely heavily on the prestige of their creative directors to market new [...]read moreStruggling demand amidst soaring prices in the luxury sector