The Business of Fashion
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
Guerlain really wants to win this game.
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
Prices are up, quality is down and social media has made it plain for all to see, writes Eugene Rabkin.
Fashion retailers are promoting fewer store employees into corporate roles, missing out on key expertise and diversity as a result.
The American apparel chain has returned to the Manhattan retail neighbourhood for the first time since 2017.
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