The NYC-based beauty company reported a significant narrowing of Q3 net losses on Friday, thanks to cost-cutting measures which compensated for faltering sales and are soon to be expanded through a new optimization plan.
Bain & Company, which will present its annual study this month, gave a preview of its results at the Vogue Fashion Festival on Friday, announcing estimated global revenues in the luxury sector of 280 billion euros.
Farfetch losses may have grown in Q3, but at its still-early development stage that's no shock. Losses aside, its Q3 report showed it surging ahead on sales and market share with enough cash to fund its lofty ambitions.
The Austrian fibre producer behind the Tencel brand has posted a 5.2% decline in sales to €1.64 billion ($1.8bn) for the first nine months of the year, as it was forced to pay more for key raw materials.
This For That is looking to raise its seed found of investments after so far relying on friends and family. The online fashion swapping platform will also expand from New Delhi to Bengaluru and later Mumbai.
The Colorado-based footwear company announced continued progress in sales and profits on Thursday, as the brand managed to achieve solid growth in the third quarter despite sales losses related to a reduced store count.
The Confederation of All India Traders (CAIT), a body representing Indian traders, has said that there was a 20 percent surge in volume growth to Rs 30,000 crore ($4.14 billion) during the Diwali sales.
Driven by flagship label Moschino and its multi-brand channel, the Italian fashion group has announced strong growth in the first nine months of the year, reporting double-figure increases in both revenue and profit.
Salvatore Ferragamo said its outlook for the year remained cautious after posting a 3.3 percent drop in nine-month sales, hit by currency swings and due to weakness in some divisions and geographic areas.
Superdry may be under pressure at the moment from its unhappy co-founder, and it may have had a tough time in the summer, but its trading update on Thursday painted a picture of a company in reasonably good health.