The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
The Goleta, California-based owner of brands including Ugg and Hoka One One announced Q4 sales of $561.2 million for Q4 on Thursday, up 49.7% from $374.9 million in the same period in the previous year.
The French men's and women's ready-to-wear label has received funding from The Untitled Group In order to accelerate its development, particularly in the U.S., and has also appointed Vanessa Bonnefoux as its CEO.
Few UK brands have enjoyed such explosive growth as Orlebar Brown, the stylish resort label noted for its brilliant photo imagery swimwear. We spoke with founder Adam Brown on his entrepreneurial life with Chanel.
Esteban Cortazar, who began his fashion career as a teenage wunderkind, returned to his pre-teen days in halcyon hipster days of nineties Miami for his new linkup with Spanish label Desigual that launches today.
In Q3 of the current financial year, closed at the end of January, the fashion e-tailer recorded a 47.5% growth in sales, which were worth €164.8 million. Sales in the year’s first nine months grew by a solid 36.2%.
Kohl's Corp on Thursday warned of a hit to its full-year profit margin from higher labor and shipping costs as well as selling fewer products at full-price due to intensifying competition as the economy reopens.
Ralph Lauren Corp forecast on Thursday full-year revenue growth below analysts' estimates, as it remains cautious of fresh lockdowns, store closures and curbs in some of its markets from a new wave of virus cases.
How’s this for an end-of-year trading statement, given the 12 months retail’s had? Watches of Switzerland Group enjoyed “robust” UK trading together with an “outstanding” US performance for both Q4 and the full year.
Fashion e-tailer N Brown has delivered full-year results for the period to the end of February and it's no surprise that they were weaker than the previous financial year. But the company seemed upbeat for the future.
The American model, media personality and businesswomen famous for her hit Lip Kits, has reportedly made trademark filings for “Kylie Swim” and “Kylie Swim By Kylie Jenner,” hinting at plans to launch a swimwear brand.