Nordstrom on Thursday warned of an uncertain economy and said consumers were resilient but selective , after the department store owner merely maintained its annual forecasts for sales and profit Shares in Nordstrom dropped nearly 5% in after-market trading. The company, which sells pricier clothes, shoes, and accessories, beat first-quarter revenue expectations. Department store chains…
NEW DELHI: With the conclusion of Dhanteras, Diwali and Bhai Dooj, the Indian festive season is more or less over. Inputs gathered from industry executives suggest that the festive season has closed on a sound note with sales comfortably surpassing last year’s numbers.Consumers loosened their purse strings for a range of items, including jewellery, furniture,…
New Delhi: Sports performance brand ASICS India‘s profit increased 37.74 per cent to Rs 55.11 crore for FY23, and its revenue from sales grew 35.85 per cent to Rs 340.85 crore, according to data accessed by business intelligence platform Tofler. For FY22, it had reported a profit of Rs 40 crore, while its sales revenue…
Puma stood by its full-year outlook on Tuesday and reported a stronger than expected third-quarter profit margin, reassuring investors and boosting its shares after a stronger euro dented the German sportswear brand’s quarterly earnings. Shares in the company gained 4% in early trading. The stock dropped 10% in a day earlier this month after analysts…
Representative image Luxury eyewear maker EssilorLuxottica on Thursday reported third-quarter revenue of 6.3 billion euros ($6.68 billion) with Asia-Pacific sales growth of 11.75% bolstered by China. The third quarter was a “slight deceleration” compared to the first-half due to a weaker sun (glasses) retail business in the EMEA region and North America, the Ray-Ban owner…
