Lululemon Sees 18 Percent Leap in Profits and Sales
The active lifestyle brand aims to double in size by 2026 and expects to maintain its momentum for the remainder of the year.
View ArticleCaleres Sees Sequential Sales Improvement in Q2
On Thursday, the firm reported that net sales were $695.5 million in the second quarter of 2023, a decline of 5.8 percent from $738.3 million in the same time last year
View ArticleShoe Carnival Downgrades Outlook After Slow Start to Fall Season
Unseasonable hot and dry weather led to "soft seasonal sales and a sluggish start to the boot season," according to CEO Mark Worden.
View ArticleVictoria’s Secret Q3 Losses Top $71 Million
Despite the bottom-line hit, the lingerie giant said early fourth-quarter sales trends were encouraging.
View ArticleNike Aims to Save $2B Over Three Years With New Plan to ‘Streamline’...
The company also cautioned on a "softer second-half revenue outlook."
View ArticleUnifi Cuts Headcount Amid Rollout of Profitability Improvement Plan
The Repreve parent company is entering the second phase of a strategy designed to cut costs and boost profitability.
View ArticleDenim Specialty Retailers Motivated by Consumers’ Taste for Variety
Abercrombie and American Eagle are diversifying their denim assortments.
View ArticleLever Style Eyes M&A to Boost Profits in 2024
The Hong Kong-based apparel manufacturer expects softened consumer demand to decrease client orders this year.
View ArticleJD Sports Shares Soar as Sales ‘Outperform’
Shares for JD Sports Fashion Plc were up nearly 15 percent on Thursday.
View ArticleRent the Runway Stock Surge Shows Investors’ Penchant for AI
After Rent the Runway's CEO said the company will use AI and focus on digital innovation in 2024, investors rushed to buy stock.
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