By Bloomberg Published September 27, 2024 We’ve had Taylor Swift, Emily in Paris and more designer purses than Saks Fifth Avenue’s handbag floor. But there has been one $400 billion elephant in cashmere in the Manhattan courtroom of US District Judge Jennifer Rochon, who is deciding whether Tapestry Inc.’s $8.5 billion purchase of Capri Holdings Ltd. can [...]read moreTapestry-Capri misses the point in luxury fight
By Reuters Published Aug 30, 2024 Birkenstock missed quarterly profit expectations on Thursday as the German sandal maker’s global expansion drive and production ramp-up compressed its margins, sending its shares down 12% in early trading. Birkenstock The company has been opening more stores in newer markets such as India and Japan amid robust global demand [...]read moreBirkenstock misses quarterly profit estimates as expansion plan hits margins
By Reuters Published Aug 21, 2024 CoverGirl parent Coty missed fourth-quarter revenue expectations on Tuesday, impacted by its divestiture of Lacoste fragrance license and controlled orders from cautious retailers, which weighed on growth in prestige and mass-market perfumes. CoverGirl Its decision to sell the Lacoste license back to Lacoste resulted in a 2% impact on [...]read moreCoty misses revenue estimates on cautious retail orders, Lacoste license sale
By Reuters Published Aug 7, 2024 Nivea maker Beiersdorf missed expectations for half-year operating profit on Wednesday, and said the luxury market slowdown in China had hit the sales of its La Prairie brand. La Prairie Beiersdorf’s shares fell 4.7% and were at the bottom Germany’s blue-chip index in early trading. Sales of high-end beauty [...]read moreBeiersdorf misses profit forecast, says slow China hit luxury brand sales
By Reuters Published Jul 20, 2024 India’s Reliance Industries, a retail-to-telecom conglomerate, reported first-quarter profit on Friday that missed estimates, hurt by lower margins on fuel sales. The billionaire Mukesh Ambani-led company, India’s largest by market value, said its consolidated profit fell to 151.38 billion rupees ($1.81 billion) in the April-to-June quarter, from 160.11 billion [...]read moreIndia’s Reliance Industries Q1 profit misses estimates on lower fuel sales margin
By Reuters Published May 30, 2024 American Eagle Outfitters on Wednesday missed Wall Street estimates for quarterly revenue as sticky inflation hurt demand for its apparel and accessories often sold at full price. American Eagle Shares of American Eagle fell more than 8% in trading after the bell as the company also maintained its fiscal [...]read moreAmerican Eagle misses quarterly sales estimates on cautious consumer spending
By Bloomberg Published May 16, 2024 Under Armour Inc. stock tumbled in premarket trading after the sportswear maker gave a full-year outlook that fell short of Wall Street’s expectations. Under Armour – Facebook: Under Armour The company is going through a transitional period as founder Kevin Plank, who stepped down from the CEO position in [...]read moreUnder Armour’s shares sink after forecast misses estimates
By Reuters Published May 2, 2024 Etsy missed Wall Street expectations for first-quarter gross merchandise sales (GMS) and profit on Wednesday, hurt by lower demand for its handcrafted goods and personalized gifts at its online marketplace. Reuters Despite Etsy ramping up spending over the past quarters on promotions and advertising, it struggled to keep up [...]read moreEtsy misses first-quarter sales, profit estimates on lower discretionary demand
By Reuters API Published May 1, 2024 Amazon.com reported quarterly results above Wall Street’s expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth. Reuters Shares of the Seattle-based e-commerce and tech company climbed almost 3% in extended trade, even after its current-quarter revenue forecast came in below expectations. The stock closed down [...]read moreAmazon results beat estimates; revenue forecast misses
I heard a new song last weekend called “Soul Of The Machine.” It’s a simple, old-timey number in E minor with a standard blues chord progression (musicians in the know would call it a 1-4-5 progression). In it, a voice sings about being a trapped soul with a heart that once beat but is now [...]read moreAI-generated blues misses a human touch — and a metronome