Earnings Brief
China Rescues Burberry, Tapestry From Slowing Demand In North America
China’s recovery has renewed luxury brands’ optimism for the year. However, a new problem has emerged: American consumers are pulling back their spending. Read More
April Earnings: Kering Lags LVMH As BYD Boasts Fivefold Profit Growth
With brands yet to fully reap the benefits of China’s reopening in the first quarter, the strongest players are pulling further ahead. Read More
Hermès Hits €200 Billion Valuation On Surging Sales Thanks To China’s Ultra-Rich
Between strong first-quarter sales, a renovated Beijing store, and a soaring market capitalization, Hermès has a lot to celebrate this year so far. Read More
March Earnings: Perfect Diary Falls Short While Adidas Deals With Ye Breakup
Although strides have been made in 2023, Yatsen and Adidas are realistic about their near-term growth prospects as they deal with the aftermath of 2022. Read More
‘Unicornus Rex’: L’Oréal Combines Scale And Innovation To Defend Pole Position
While L’Oréal and Hermès outperformed competitors in 2022, Canada Goose struggled with COVID-19 disruptions in December, its key trading month. Read More
Earnings: Burberry, Richemont Brave China Headwinds While Swatch Group Shoots For Record 2023
Despite tanking sales in December, luxury brands are hopeful that China’s reopening and Lunar New Year festivities will spell a more prosperous 2023. Read More
2022 Financial Results: Lululemon Got Local In China, While Calvin Klein, Tommy Hilfiger Made Global Waves
China remains a key driver of the fashion industry’s long-term growth. So how did global players perform there at the end of 2022? Read More
Earnings: Ralph Lauren Charges Ahead While Canada Goose, Adidas Brace For China Setbacks
While Ralph Lauren posts better-than-expected profits and maintains an optimistic outlook for the year, other fashion players are slashing their forecasts. Read More
Hermès, L’Oréal Bounce Back In China Despite Ongoing Lockdowns
Despite whispers of a looming recession, luxury groups are posting strong sales figures thanks to Chinese demand for high-end bags and beauty products. Read More
Stefano Ricci Marks 50th Anniversary With Ancient Luxor Extravaganza And Doubles Down On China Expansion
The menswear company opened its first boutique in Shanghai in 1993. Today, despite pandemic restrictions, a second outpost in Beijing is in the works. Read More
