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News
Sportswear brand On misses quarterly sales view as consumers demand weakens
5+ hour, 30+ min ago (309+ words) Aug 11 (Reuters) – Sportswear brand On missed Wall Street estimates for second-quarter net sales on Tuesday, as a tougher consumer environment and higher costs from U.S. tariffs weighed on demand. The company posted net sales of 850.3 million Swiss francs ($1.05 billion) in…...
Analysis-Birkenstock loses its footing as luxury ambitions unravel
2+ mon, 3+ week ago (545+ words) By Savyata Mishra and Danielle Kaye May 18 (Reuters) – Birkenstock is falling out of favor with investors who are abandoning hope that the sandal maker can scale into a luxury powerhouse. Doubts intensified last week after Birkenstock reported lower quarterly growth…...