What a 55 Percent Tariff on Chinese Imports Means for Shoe Firms
In another twist and turn in President Donald Trump’s trade war, the U.S. and China have revealed the framework for a new deal that would see much lower-than-expected tariffs —…
4.5 Percent Increase in Q1 net sales
Ulta Beauty has lifted its full-year guidance after a better-than-expected first quarter. Net sales increased 4.5 percent to $2.8 billion in the first quarter ended May 3 compared to the…
British Luxury Exports 43 Percent Lower Due to Brexit, Says Walpole
LONDON — British luxury exports to the E.U. were on average 43 percent lower than they would have been without Brexit, said Walpole Monday in a fresh analysis on the…
Sales Were Flat as EBIT Fell 63.7 percent
A challenging macro environment is taking its toll on Puma, where sales were flat in the first quarter and profits tumbled in the double-digits. Sales rose 0.1 percent to 2.07…
Hugo Boss Q1 Revenues Dip 2 Percent
Organic sales at Hugo Boss fell 2 percent over the first quarter of this year to 999 million euros. “Our performance in the first quarter of 2025 was affected by…
Forecasts 9 Percent Drop in Sales in 2025
After scrapping its previous full year forecast, The Estée Lauder Cos. now expects sales to drop by as much as 9 percent in 2025, but sees a return to growth…
Third day of draft averages 4.3 million viewers, up 43 percent
The Shedeur Sanders slide lasted into the third day of the draft. That was bad for him, good for the draft. Per the NFL, Saturday’s coverage averaged 4.3 million viewers…
Adidas Q1 Earnings 2025: Revenues Up 12.7 Percent
Despite market uncertainty and global tariff turmoil, Adidas managed to rack up organic growth of 12.7 percent in the first quarter to 6.15 billion euros. “Double-digit growth across all markets…
Valentino’s 2024 Revenues Slipped 3 Percent Amid ‘Challenging’ Market
Underlining luxury’s current lull, Valentino said its 2024 revenues decreased 3 percent to 1.31 billion euros amidst “a challenging and complex landscape.” At constant exchange rates, the decrease stood at…
Travis Hunter and Shemar Stewart final remaining unsigned 1st-round picks
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