Financial Reporting
China’s Craving for Cartier Gives Richemont A Much-Needed Boost
Richemont sales rose 5 percent during the holiday quarter, driven largely by Chinese consumers splurging on luxury jewelry and watches. Read More
Burberry Sets Sights on China and Young Consumers As Retail Sales Fall
Burberry’s Christmas quarter is not looking too merry, with COVID-induced store closures resulting in a 9 percent drop in comparable sales. Read More
Soaring China Demand Boosted Tiffany’s Third Quarter Sales
On November 24th, Tiffany & Co. reported a strong earnings growth in third quarter, helped by a resurgence of demand in China and e-commerce. Read More
Bilibili’s New Markets Grow Users — But Also Losses
Bilibili reported solid user growth and stickiness in Q3 because of an increase in content production that allowed it to reach more online communities. Read More
Pinduoduo Sales Jump Alongside Chinese Consumer Spending
On November 12, China’s third-largest e-commerce player, Pinduoduo, posted a revenue jump of 89 percent to $2.1 billion over the third quarter. Read More
Burberry Reports First Gains After Pandemic Drop
Burberry has seen recovering store sales, which jumped from a 45 percent decline over the first quarter to just a 6 percent loss in the second. Read More
Capri Holdings Reports Gain In Q2 Thanks To China
Capri Holdings revealedits second-quarter fiscal 2021 results, which beat quarterly revenueand profit estimates, shares went up by 13 percent. Read More
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
