Tuesday, October 22

Tag: Designer Clothing

Burberry Warns of Profit Hit Amid Slowdown in Luxury Demand
16Nov By adminNo Comments
World

Burberry Warns of Profit Hit Amid Slowdown in Luxury Demand

Burberry Group warned that the global slowdown in luxury demand is hurting its performance and that it is unlikely to achieve its guidance if the trend continues, despite beating market expectations for the first half of its fiscal year.The British luxury-goods company said Thursday that if weakness in demand persists, it is unlikely to achieve previous guidance of low double-digit revenue growth in fiscal 2024.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Coach Saves Tapestry From Unraveling
10Nov By adminNo Comments
Money

Coach Saves Tapestry From Unraveling

Luxury demand isn’t quite what it used to be. Neither is demand for accessible luxury, but it seems strong enough that brands like Coach are still able to push through price hikes.Coach owner Tapestry, which also owns Kate Spade and Stuart Weitzman, reported revenue growth of 0.4% in its quarter ended Sept. 30, weaker than Wall Street expectations of 2% growth. This follows worse-than-expected sales performance at European luxury powerhouses such as Gucci owner Kering and Louis Vuitton owner LVMH. But Tapestry’s adjusted earnings of $0.93 a share was higher than expectations of $0.90.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Were the 1990s Sexy? Designers in Milan Say Yes
23Sep By adminNo Comments
World

Were the 1990s Sexy? Designers in Milan Say Yes

Listen to article(2 minutes)“I don’t remember anything!`” joked Donatella Versace, discussing the 1990s at a preview of her spring runway show in Milan. Of course, she does, which is why next season’s collection was built around the year 1995—a time she described as a turning point for both the house of Versace and for fashion at large, when styles became “more minimalist” and “cleaner.” Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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