The U.S. outdoor apparel brand beat estimates and posted a rise in sales for the first quarter to over $543 million, but the radically evolving American sports wholesale and retail industry dragged down results at home.
Vince posted net comparable sales decreases for both periods, going so far as to say there is "substantial doubt" about its ability to continue as a going concern. The brand also suspended its net sales and EPS guidance.
Urban Outfitters, Inc., which controls brands such as Anthropologie, Bhldn, Free People, Terrain and Urban Outfitters, has announced a major overhaul to its leadership, which could initially cost up to to $8 million.
Swiss luxury watchmaker Breitling, whose sought-after timepieces are worn by celebrities including David Beckham and John Travolta, has been sold to CVC Partners, the private equity group revealed Friday.
Google parent Alphabet Inc posted a surge in profit on Thursday, underscoring that despite concerns about an advertiser revolt on YouTube, the popular video streaming site remains the engine of its growth.
Amazon.com Inc on Thursday reported first-quarter revenue and profit above expectations as sales at its retail and cloud-computing businesses increased, sending shares up more than 4 percent in extended trading.
The sportswear maker posted a smaller-than-expected quarterly loss as operating income from its Asia Pacific business rose 13.2 percent, making the region the company's biggest profit generator in the latest quarter.
French luxury goods group Hermès said on Thursday that sales growth accelerated in the first quarter, driven by demand from Asian customers, providing further evidence of a broader recovery in the luxury goods industry.