Upbeat profit forecasts from Nordstrom and Ralph Lauren underscore the edge high-end chains have over the wider U.S. retail industry in an inflationary environment, thanks to the deep pockets of their customer base.
Dick's Sporting Goods announced on Wednesday revenues for the first quarter fell by more than 7%, on the back of plunging comparable sales, as the company was hurt by "evolving macroeconomic conditions."
E.L.F. Beauty announced on Wednesday sales for the fiscal year surged by double digits, primarily driven by strength in the beauty chain's national and international retailers, especially in the fourth quarter.
Faster and better than expected. That’s the recovery story from events specialist Hyve Group in its 2022 interim update on Tuesday. The events firm also said future focus will be “on sectors, rather than geographies”.
Ann Demeulemeester, Grace Wales Bonner and Soulland are the special guests of the Florence show's 102nd edition, which will return to its usual format on June 14-17. Over 650 exhibitors and 15,000 visitors are expected.