By Reuters Published Jul 31, 2024 Hugo Boss may push back key sales and profit targets beyond 2025 when it reports its second-quarter results on Thursday, as investors watch for updates on trading and cost-cutting plans. Boss Shares in the company fell as much as 10% in July as it cut its full-year sales and [...]read moreHugo Boss may push back 2025 targets as luxury sector falters
The administrators of stricken beauty products chain The Body Shop are to auction the business after their hope for a CVA proved a non-starter. DR The company, which is one of the best known names on the UK high street, was a pioneer in the ethical beauty sector. But it’s now up for grabs after [...]read moreAs CVA plan falters, The Body Shop will go to auction
By Bloomberg Published May 14, 2024 Burberry Plc is expected to report yet another quarter of declining sales, as the trench-coat maker grapples with weak demand from Chinese and US shoppers. See catwalkBurberry – Fall-Winter2024 – 2025 – Womenswear – Londres – ©Launchmetrics/spotlight The British fashion house will likely reveal that its fiscal fourth quarter [...]read moreBurberry set for worst report this year as brand revival falters
By Reuters Published Mar 22, 2024 Lululemon Athletica forecast annual revenue and profit below expectations on Thursday as demand wanes for the apparel retailer’s premium athleisure mainly in the North American region, sending its shares down nearly 11% in extended trading. Lululemon In the U.S., excessive inventory levels at sporting retailers has resulted in lower [...]read moreLululemon warns of slowing North America sales as spending falters
China’s economy is on its last legs. Thanks to massive overspending and high unemployment, the Chinese economy is beginning to break down, with real estate prices crashing at a scale similar to 2008 in the US. This is bad news for not only Chinese investors but also global investors with money in China. But could [...]read moreChina Falters and Israel’s Oil Danger Used Against Them
Disillusioned by decades of financial crises, Argentinian voters surprised pollsters by electing Javier Milei as president last November. While the far-right libertarian, who promised painful shock therapy to fix the country’s ailing economy and has now been in office for 100 days, did achieve some early successes, he has struggled to implement the most far-reaching [...]read moreFirst 100 days: Milei falters on shock therapy for Argentina’s economy | Business and Economy News