Set to launch on Tmall, the Revlon Inc-owned cosmetics brand is gearing up to wield the power of celebrity as it re-enters the market, while its parent company continues to struggle with financial instability.
The North Carolina-based owner of brands including Hanes and Champion reported a Q1 loss on Thursday, as a stronger-than-expected performance early in the quarter was undermined by the coronavirus pandemic.
Lululemon Athletica Inc. was one retailer with good news on Thursday, as it reported fourth-quarter results that topped expectations, which lead to a 21 percent net revenue increase for full-year fiscal 2019.
The American big and tall menswear retailer reported fourth-quarter earnings of $2.4 million, or $0.05 per diluted share, on Thursday, as the benefits of the company’s transformation strategy began to kick in.
The fashion retailer announced fourth-quarter earnings of $79.6 million, or $1.18 per diluted share, on Wednesday, beating analysts’ expectations and sending shares in the company up more than 25% in extended trading.
French Connection’s annual results made bleak reading. The firm reported retail sales down and another big loss, as well as wholesale revenue falling. But at least its performance in North America seems to have improved.
The American fashion retailer announced a significant decline in its fourth-quarter earnings on Tuesday, a disappointing end to the year that the company blamed on higher markdowns in its retail segment.
Walmart on Tuesday forecast online sales growth to slow this year after posting lower-than-expected holiday quarter results, revealing the pressure traditional retailers are facing to keep pace with online shopping.