Ulta Beauty, Inc. announced a 7.8 percent decline in third-quarter net sales on Thursday as it continues to be impacted by the Covid-19 pandemic and its efforts to contain it.
The international jewelry retail group has announced net income of $900,000, or $0.02 per diluted share, for the third quarter, up from a net loss of $43.7 million, or $0.84 per diluted share, in the prior-year period.
The brand, 'Lazy Cake', debuts with a collection of colorful sweats bent on "re-defining lazy."
In the first half of the current financial year, sales at L’Occitane International (the owner of L'Occitane en Provence and Erborian) dropped by 15.2%, to €616.6 million, affected by the Covid-19 crisis.
PhonePe, the digital payments unit of Walmart's Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million.
Watches specialist Hodinkee has announced the closing of a $40 million funding round and the arrival of Toby Bateman, the former Mr Porter MD, as its CEO.
The American fashion retailer reported Q3 net earnings of $26.4 million, or $0.41 per diluted share, on Wednesday, up from $12.4 million, or $0.18 per diluted share, in the prior-year period.
The New York-based owner of Tommy Hilfiger and Calvin Klein announced an 18% decline in its third-quarter revenue on Wednesday, a significant sequential improvement compared to the decreases in the last two quarters.
Function of Beauty said the investment will accelerate the company's product development, support its continued worldwide expansion, and build upon its already industry-leading customized manufacturing capabilities.
Since the pandemic’s outbreak, luxury sales in China have boomed, accounting for up to 80% of the global market in 2020. A position that will stay dominant for years to come, according to Jefferies and Bain & Company.
Led by Roberta Benaglia, the Italian investment fund, which owns Forte Forte and stakes in Re/Done and MSGM, has acquired a 70% stake in Zimmermann, one of Australia's best-known fashion brands.
Three days into the week and now a third major chain has collapsed. On Wednesday, value womenswear business Bonmarché filed for administration again, with 1,500 jobs at risk.
Salesforce.com Inc has agreed to buy workplace messaging app Slack Technologies Inc in a $27.7 billion deal.
The U.S. House of Representatives passed legislation on Wednesday that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards.
French perfume maker Interparfums on Wednesday forecast slightly better-than expected sales for 2020, helped by a summer business rebound that accelerated over the fall.
