Earnings Brief
After a Tough Q1, Ralph Lauren Expects A Full Recovery in Q2 For China
Ralph Lauren Corporation reported a 66 percent revenue decrease in Q1 but said mainland China sales might return to pre-COVID levels next quarter. Read More
L’Oréal Holds Tight As China Keeps Up Growth
L’Oréal is expected to outperform the beauty market and return to growth thanks to China’s sharp recovery and e-commerce growth in the first half of 2020. Read More
Hermès First-Half Results Are Grim, Except For Online Sales In China
The maker of the iconic Birkin bag, Hermès, is feeling the brunt of the pandemic, as its sales plunged by 42 percent over the second quarter. Read More
Prada Stays Confident Despite A Rough First Half
Though net revenues fell by 40 percent during the first half of 2020, Prada had recorded high double-digit sales growth in China since April. Read More
Kering Reports Strong Recovery in China Amid Prolonged Slump
Kering reported a 43.3 percent decrease of its consolidated revenue in the second quarter of 2020, yet China’s market fueled the group’s recovery. Read More
LVMH’s Bad Year Buoyed By China’s Rebound
The world’s largest luxury conglomerate, LVMH, revealed its half-year 2020 financial report saw its net profit drop 84 percent. Read More
Moncler CEO Remo Ruffini Talks Digital Domination In China
Jing Daily spoke with Remo Ruffini, the Chairman & CEO of Moncler, about his plans for dramatic growth in China despite a global pandemic. Read More
SECOO Reports Weak Revenue in the First Quarter
The online retailer, SECOO, reported weak revenue and losses in the first quarter, while a Douyin influencer accused the platform of selling counterfeits. Read More
Burberry’s China Sales Grow Above Pre-COVID Levels In Q1
Burberry has been launching product-focused digital initiatives in recovering markets like China and Korea, and it’s seen some early positive results. Read More
Alibaba, Like China’s Economy, Keeps Trending Up
Alibaba Group released its Fiscal Year 2020 Annual Report, which details the company’s performance, developments, and milestones over the past year. Read More
