Urban Outfitters on Thursday reported a 14.2% uptick in fiscal 2022 net sales for the year ended January 31, compared to pre-pandemic levels in fiscal 2020, driven by double-digit comp growth during the 12 months.
Drest, the luxury shopping-meets-gameplay app, has a new CEO. Lisa Bridgett takes on the lead role as part of a “planned management team evolution” that will see founder Lucy Yeomans becoming co-chairman.
Tapestry Inc raised its full-year revenue and profit forecast on Thursday as consumers splurge on luxury handbags and apparel in the United States and Europe, boosting the Kate Spade owner's shares 3% in premarket trade.
Ralph Lauren beat quarterly revenue estimates and raised its annual forecast on Thursday, benefiting from soaring demand for luxury goods in the United States and Europe, sending its shares up 7% in premarket trade.
Ralph Lauren is delving deeper into material innovation, announcing on Thursday the launch of a sustainable performance polo shirt, set to make its debut at the 2022 Australian Open in Melbourne next week.
Following a “record” trading year, London jeweller tlke is looking to expand further and has secured £300k in HSBC-related funding. The amount, which is 80% backed by UK Export Finance, will support its 2022 goals.