United Kingdom

Aditi Sebastian

Controversial Versace T-shirt dents Capri's sales in China

06 Nov 2019

Capri Holdings Ltd blamed a controversy around a Versace T-shirt that labelled Hong Kong and Macau as countries for denting the luxury label's sales in China, adding it would now take a "very cautious" approach to its business in the country.

Weak sales growth hits American Eagle outlook; shares slide

04 Sep 2019

American Eagle Outfitters Inc forecast disappointing current quarter profit after its same-store sales missed quarterly estimates on Wednesday, hurt by weak demand for warm weather apparel and a late start to the back-to-school season.

Abercrombie & Fitch cuts full-year sales forecast

30 Aug 2019

(This August 29 story corrects paragraph 9 to say the company is a mall-based retailer; drops reference to "tariff impact" in headline) | Video

Coty sees revenue improving as turnaround plan takes shape; shares rise

28 Aug 2019

Cosmetics maker Coty Inc raised its annual revenue forecast on Wednesday, as it embarks on a multi-year turnaround plan that involves cost cuts and increased investment in advertising, sending shares up 5%.

Estee Lauder sees no slowdown in China, forecasts robust fiscal 2020

20 Aug 2019

Estee Lauder Cos Inc on Monday forecast full-year revenue and profit above Wall Street expectations, putting to bed concerns of slowing demand in China due to trade tensions and Hong Kong protests as sales of its luxury skin care products soared, propelling its shares to a record high. | Video

Oreo maker Mondelez raises sales forecast as emerging markets fuel growth

31 Jul 2019

Mondelez International Inc raised its 2019 sales forecast on Tuesday, benefiting from several years of tailoring its chocolates and cookies to cater to consumer tastes in emerging markets such as China and India.

'Toy Story 4', Barbie star in Mattel's surprise revenue rise

25 Jul 2019

Mattel Inc saw a big boost in demand for its action figures after the worldwide success of the latest "Toy Story" movie while a Barbie makeover lifted sales of the iconic doll, helping it report a surprise rise in quarterly revenue.

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