Earnings Brief

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

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 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

The world’s largest luxury conglomerate, LVMH, revealed its half-year 2020 financial report saw its net profit drop 84 percent. Read More

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

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 has been launching product-focused digital initiatives in recovering markets like China and Korea, and it’s seen some early positive results. Read More

Ralph Lauren’s Asia market suffered a 22% fall in Q4, the largest of all markets, but both the company and analysts are excited about its recovery. Read More

Alibaba reported a negative impact in apparel sales during the March quarter but surpassed a milestone of $1 trillion in annual gross merchandising value. Read More

Burberry saw an early recovery thanks to China and South Korea. However, their current growth remains questionable as the brand deploys steep discounts. Read More