Financial Reporting
Second-Quarter Loss Prompts Changes At Ralph Lauren
Ralph Lauren reported a fiscal second-quarter loss of $39.1 million — a sizable drop from the second-quarter profit it made one year earlier. Read More
SMCP Announces New 5-year Plan With a Strong Focus on China
SMCP, a global player in the accessible luxury market with four unique brands, announced its new 5-year strategic plan with a strong focus on China. Read More
Asia Drives An Hermès Rebound In Q3
Hermès revealed positive earnings for the third quarter of 2020, as post-lockdown consumers in Asia regained their appetites for products like Birkin bags. Read More
How China’s Silver Lining Saved Salvatore Ferragamo
COVID-19 hurt Salvatore Ferragamo’s performance in the first half, but the brand projects an upswing for the second half of the year, especially in China. Read More
Can Bilibili Keep Winning the Online Video Arena?
The Chinese entertainment giant and video-sharing platform Bilibili recorded both a 70-percent revenue increase and a strong user retention rate for Q2. Read More
Double-Digit Growth In China Spurs Estée Lauder’s Recovery
Cosmetics giant Estée Lauder reported a 4-percent net sales drop during its fiscal year ending June 30, 2020, despite double-digit growth in China. Read More
COVID-19 Helps Alibaba Beat Q1 Expectations
Tmall Global’s gross merchandise value grew by over 40 percent, and Taobao Live’s jumped over 100 percent year-on-year during a strong Q1 for Alibaba. Read More
JD.com’s Revenue Jumps ‘Beyond Expectations’ for Q2
Thanks to China’s recovery from the pandemic and its 618 promotion, JD.com’s revenue for Q2 more than doubled from a year ago. Read More
Tencent Scores A Big Q2 Before Trump’s WeChat Ban Plan
Tencent Holdings, the parent company of WeChat, reported a strong second quarter of 2020, while a potential WeChat ban in the US looms. Read More
Kors, Versace Parent Company Survived Q1 Thanks To China
On August 5, Capri Holdings, which is the parent company of Michael Kors, Versace, and Jimmy Choo, revealed its first-quarter fiscal 2021 results. Read More
