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Friday, February 18

Financial

Luxury Analysts Applaud Louis Vuitton Price Increase

"We view the price increase as a positive for LVMH," Barclays declared.

Financial

Consumer Spending Is Picking Up at Walmart

The mass-merchant retailer logs profits of $3.56 billion, despite inflationary pressures and other pandemic-related headwinds.

Retail

MAGIC Begins Bounceback as Pandemic Wanes

The women's and men's trade show still faces some challenges, but retailers have begun to return to shop some 1,500 brands.

Retail

Gap Inc. Gets Another Downgrade

Old Navy's disproportionate dependence on low-income consumers and supply chain challenges triggered another downgrade, the latest by Bank of America.

Financial

Hermès Touts 'Genuine' Pricing

The luxury firm saw 2021 revenues jump 41.8 percent to nearly 9 billion euros.

Financial

Gucci Improvement in Q4 Puts Kering in Bullish Mood

Revenues at the conglomerate rose 35.2 percent in 2021.

Financial

U.S. Demand, Big-spending Clients Boost Mytheresa Q2 Sales, Profits

Mytheresa said the warm-weather states of California, Florida and Texas performed strongly while the number of top-spending clients rose by nearly 40 percent in the three months to Dec. 31.

Financial

Retail Sales Jump as Digital Rush Shows Signs of Easing

January sales and Shopify’s fourth-quarter results offered a take on bricks and clicks for retail headed into 2022.

Retail

'Bridgerton' Is the Next Carousel Pop-up at Bloomingdale's

The 1,600-square-foot shop, which opens March 3 at the 59th Street flagship and bloomingdales.com, will celebrate the second season of "Bridgerton."