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.

Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.