By Bloomberg Published Sep 10, 2024 Under Armour Inc. lowered its outlook for its current fiscal year, saying the company’s restructuring plan is going to cost more than management predicted. Under Armour The athletic-wear brand said it decided to close a distribution center in Rialto, California by March 2026, which will add about $70 million [...]read moreUnder Armour expects bigger charges from restructuring plan
Next delivered what was — for the company — a fairly brief trading update on Thursday given that the firm’s results statements are usually long… very long. But it contained plenty of detail to show how strong trading continues to be for one of the UK’s most dynamic fashion retailers. Next While the full interim [...]read moreNext expects fatter profits as international boost drives sales higher
By Reuters Published Jul 31, 2024 The Chinese beauty market will stay “slightly negative” in the second half, L’Oreal CEO Nicolas Hieronimus said on Wednesday, after the French company reported slower than expected growth in the second quarter. Eric Mercier/L’Oréal L’Oreal reported a 5.3% rise in like-for-like sales on Tuesday, slightly below consensus, with a [...]read moreL’Oreal CEO expects “slightly negative” H2 growth in China
Ellington Financial, the parent company of top-five reverse mortgage lender and servicer Longbridge Financial, reported that its reverse mortgage segment’s adjusted distributable earnings were lower in the first quarter of 2024 than they were in the previous quarter. Projections of loan originations and submissions, however, are tracking higher thus far in the second quarter and [...]read moreIn Q1 earnings, Longbridge parent expects reverse mortgage market to improve
Good morning! It’s Friday, March 29, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Tesla And The Terrible, Horrible, No Good, Very [...]read moreTesla Expects An Awful Sales Report For First Quarter Of 2024
ASOS’s results are closely watched at present and like most underperforming stock exchange-listed businesses, it’s because we’re waiting to see just how bad its latest sales actually were. ASOS We found out on Tuesday with the company reporting sales for the 26 weeks to 3 March down by a hefty 18%. It didn’t put a [...]read moreASOS reports plunging sales but expects improvement
Former England captain Sir Alastair Cook believes Indian fans expect Shubman Gill to take the baton from Virat Kohli across formats in the near future. The ex-England opener reckons the right-hander has serious talent and lauded his knock on Day 3 of the second Test against England in Vishakhapatnam. The Punjab-born batter brought up his [...]read more“He’s the next one” – Alastair Cook expects Indian fans to see Shubman Gill step into Virat Kohli’s shoes in future
News of strong performances from city centre malls continues to come in thick and fast. Next up is Manchester Arndale, which tells us its gearing up for a “bumper 2024” as it looks set to add to its retail, leisure and dining line-up “following a hugely successful 2023”. During the past 12 months, joint asset managers [...]read moreManchester Arndale has strong 2023, expects more of the same
By AFP Translated by Nicola Mira Published Jan 24, 2024 For fiscal 2023, the Interparfums group has reported record sales of €798.5 million, up by 13% on an annual basis. In a press release published on Wednesday, the group, specialised in manufacturing and distributing fragrances under licence, stated that operating margin for the year is [...]read moreInterparfums reports record annual sales for fiscal 2023, expects margin above 19%