Latest Articles in News

Kohl's Q1 sales down, but profitability metrics improve

Kohl's first quarter results for the 13-week period ended May 3, 2025, show a narrowed net loss despite a decrease in sales. The retailer reported net sales of 3 billion dollars, down 4.1 percent year-over-year, with comparable sales also declining by 3.9 percent. Michael Bender, Kohl’s interim CEO, said, “Our first quarter performance was ahead...

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Burlington Stores shares optimistic outlook after positive Q1

Off-price retailer Burlington Stores, Inc., in its first-quarter results announcement for the period ended May 3, 2025, reported a 6 percent increase in total sales to 2.5 billion dollars, with comparable store sales remaining flat. Net income surged to 101 million dollars or 1.58 dollars per diluted share, up from 79 million dollars or 1.22...

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E.l.f. Beauty acquires Hailey Bieber's Rhode in billion dollar deal

E.l.f. Beauty, the publicly listed U.S. cosmetics company, has signed a 1 billion dollar agreement to acquire Rhode, the direct-to-consumer skincare brand founded by model and influencer Hailey Bieber. The deal marks a major push by e.l.f. into the prestige skincare space and reflects the brand’s ambitions to expand into new retail channels,...

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Caleres reports challenging first quarter, suspends full-year guidance

Footwear company Caleres announced its first-quarter results for the 13-weeks ended May 3, 2025, revealing a significant decline in net sales and profitability compared to the same period last year. The company reported net sales of 614.2 million dollars, a 6.8 percent decrease from the first quarter of 2024. This downturn was observed across...

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Dick's Sporting Goods reports strong Q1, maintains positive outlook

Dick’s Sporting Goods has reported its first-quarter 2025 financial results, delivering diluted earnings per share of 3.24 dollars and non-GAAP diluted earnings per share of 3.37 dollars, compared to 3.30 dollars in the prior year's quarter. Looking ahead, Dick's Sporting Goods maintains its full-year 2025 guidance, anticipating comparable sales...

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Macy's Q1 earnings beat but lowers outlook amid tariff concerns

Macy's, Inc. announced financial results for the first quarter that surpassed its own guidance, signaling promising progress on its "Bold New Chapter" strategy. The retailer reported net sales of 4.6 billion dollars, despite a 5.1 percent decrease inclusive of store closures compared to the same period last year, and delivered adjusted diluted...

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Designer Jenna Lyons signs on as partner & investor at Cashmere Fund

Jenna Lyons, American fashion designer, entrepreneur, and television personality, has invested in the Cashmere Fund, an evergreen interval fund, and partnered with the fund's subadviser, Cashmere LLC (Cashmere). Lyons is set to lend her expertise in branding, consumer positioning, and creative strategy to support portfolio companies, while also...

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Capri holdings slides deeper into loss zone in fourth quarter

The US fashion group Capri Holdings Limited also suffered significant sales losses in the fourth quarter of the 2024/25 financial year. In addition, the group reported a significantly higher loss. However, the figures, which the company published on Wednesday, were not quite as bad as analysts had expected in the run-up. The current quarterly...

Fashion

Kay Jewelers taps Teddy Swims as its inaugural Chief Love Officer

Kay Jewelers has partnered with genre-mixing artist and style icon Teddy Swims, who will serve as the diamond and jewelry retailer’s first-ever Chief Love Officer. In his new role, Swims, best known for his breakout song ‘Lose Control’, will bring his distinct energy and heartfelt perspectives to the brand, helping Kay Jewelers explore various...

Fashion

Minor Figures teams up with Human Made to create a limited-edition collection

Human Made, the lifestyle brand from Japanese designer, DJ, and entrepreneur Nigo, has parted with internationally known plant-based milk alternative label Minor Figures to create a limited-edition, collaborative capsule collection. Marking the first-ever brand collaboration from Minor Figures, the partnership is the result of an “organic and...

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Hermès to open factory in France in 2027

Luxury group Hermès has started work on the Beyrand factory, a subsidiary of the group since 2017. The site will open in 2027, in Couzeix, France (Haute-Vienne), and will be dedicated to tableware. In approximately two years, 300 people will come to work in the town of Couzeix. They will be working at the new Beyrand factory. Among the technical...

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Despite record sales in first quarter, Abercrombie & Fitch lowers profit forecast

The US clothing company Abercrombie & Fitch Co. was able to significantly increase its sales in the first quarter of the 2025/26 financial year, but had to accept a drop in profits. Although the current figures, which the company presented on Wednesday, exceeded expectations, the management lowered its earnings forecasts for the year as a whole....