Latest news with #Burberry
Bloomberg
2 hours ago
- Business
- Bloomberg
Luxury's Split Between Winners and Losers Is Only Getting Wider
For Europe's luxury stocks, this earnings season will hammer home the widening gulf between the winners and the losers. The industry got off to a promising start with robust earnings from British trenchcoat maker Burberry Group Plc that sent its stock up as much as 9% and better-than-expected sales at Cartier owner Richemont. But upcoming reports from LVMH Moët Hennessy Louis Vuitton SE, Kering SA and Salvatore Ferragamo SpA look less promising.
Yahoo
13 hours ago
- Business
- Yahoo
Burberry stems its losses amid cost cuts
This story was originally published on Fashion Dive. To receive daily news and insights, subscribe to our free daily Fashion Dive newsletter. Dive Brief: Burberry reported first quarter fiscal 2026 retail revenue of 433 million pounds, or about $584 million, down 6% year over year, according to a Friday earnings release. Comparable store sales for the period were up 1% year over year for the region comprising Europe, the Middle East, India and Africa. The key metric rose 4% in the Americas. In China, comp sales sank 5%, while in the rest of the Asia Pacific region, they fell 4%. The company also said that its previously announced organizational changes, which included up to 1,700 job cuts, were on target to foster 'greater collaboration and agility,' while its cost efficiency program was on track to deliver 80 million pounds in annualized savings by FY26. Dive Insight: Despite some losses, Burberry's Q1 results show marked improvement over the first quarter of fiscal 2025, when retail revenue sank 22% year over year and Joshua Schulman took over as CEO. Under Schulman, the company has been working toward a turnaround, and in November announced its strategic Burberry Forward plan. That initiative was designed to refocus the brand on its history and heritage, with particular attention on outerwear and scarves. At the time of the plan's announcement, Burberry said that the brand's falling revenue was a result of a move away from its core categories. 'Over the past year, we have moved from stabilising the business to driving Burberry Forward with confidence,' Schulman said in the release. 'The improvement in our first quarter comparable sales, strength in our core categories, and uptick in brand desirability gives us conviction in the path ahead.' Shulman added that while external challenges persist and the company is still in the early stages of its transformation, the initial progress is encouraging. By region, EMEIA growth was boosted by local spending but offset by a decline in tourist spending. Meanwhile, the Americas benefited from growth in new customers. In the Asia Pacific region, which includes Japan, South Korea, Southeast Asia, Australia and New Zealand, a challenging performance in Japan was partially offset by growth in South Korea. On a call with analysts, Schulman said that regions around China were suffering from a decline in tourism among Chinese consumers. In addition, he added that within China, Burberry was seeing an increase in sales among Generation Z and younger customers, while some customers in that region who focus more on 'investment dressing' tend to shop later in the year.
Graziadaily
15 hours ago
- Entertainment
- Graziadaily
Goodbye Wellies - This Is The Summer Boots Trend You'll Actually Want To Wear
We leave the house in the morning to sun shining in our eyes, hop off the train and it's raining (yes, we forgot our umbrella, as usual) and as we head to lunch we're sweating, while dodging puddles. Make it make sense. With all seasons in one day lately, navigating what to actually wear has become a full time job in itself. And while we're only a few weeks into official summer, there's no way we'll be letting a spot of rain – or a downpour – mess with our warm-weather outfits we've been looking forward to wearing since the start of the year. You know, the cotton boho blouses, polka dot dresses or culotte shorts we can't stop seeing all over our Insta feeds. The good news is, we don't have to retire our summer looks early – even with some rainy days on the cards – and it's all thanks to the fashion insiders confirming it's boots season already. Practicing 'the wrong shoe theory' TikTok trend (basically, when you pair an unlikely shoe with your outfit – think heels with sporty shorts) boots with summer looks are the latest pairing being worn by so many stylish women, and it just so happens to be the answer to what to wear when it's hot, but rainy. With one boot style proving to be the most popular (read: practical) right now, we want to show you how flat knee-high boots are going to be the saviour to styling your summer wares, even when the weather isn't delivering the summer vibes. Sofia Boman tries out the sheer blouse trend with an A-line cargo skirt, and we love the high/low look of this combo. While it could easily be styled with mesh ballet flats or a red flip flop, adding the Western style knee-high boot gives it a whole new unexpected feel. Plus, you won't be getting your legs wet if the heavens open. Acne Studios, Burberry and Bottega Veneta all put '90s grunge plaid back on the runways for spring/summer 2025, and content creator Trishna Goklani has shown a wearable way to style it. No doubt you'll want to copy and paste this outfit formula, so simply add a white vest to a floaty checked skirt, belt at the waist and finish a pair of flat knee-high boots (psst, Trishna told us these are a very good vintage Prada find on Vinted). A 'just in case' jumper around your shoulders is also a wise idea in case temperatures drop throughout the day, too. Polo tops, jumpers and dresses have been key for a while now, and we appreciate how fashion influencer Amaka Hamelijnck has given her grey polo dress an in-betweeny weather spin by adding a trench coat, summer sunnies and yes, you guessed it, a pair of flat knee high boots. Because while we'll always appreciate a heeled iteration, we'll be opting for the more functional flats so we're not slipping around during summer showers. Those striped linen shorts you bought at the start of summer and have been saving for holiday, don't. Instead, make like Chloe Butler and weather-proof them by adding a pair of riding boots (a key style for the upcoming autumn/winter season) along with a lightweight knit that you could also tie round your waist. Add this year's standout accessory everyone is wearing – the bandana– and you get a cool country girl look we'll be relying on heavily from here on out. Fashion insider and athlete Marilyn Nwawulor-Kazemaks is one to follow for everyday outfit inspo that'll make you want to up your game. Here, she's influenced us all into wanting to try out a pleated skirt (again, part of that '90s grunge revival we're seeing) and we'll be doing so by swapping our usual fitted T-shirt for a baggy style and completing the ensemble with chunky knee-high boots. Ready to try adding knee-high flat boots to all your favourite summer outfits? While some sites – including Cos, Zara and Mango – still don't have new season styles online, yet, we've found the brands that are getting ahead with these fresh pairs coming in from the likes of Arket and Reformation. Along with a completely waterproof style by Moncler and the Ganni boots that we're sure will be viral within a matter of weeks. You. Are. Welcome. 1. Arket, Leather Riding Boots The thick tread rubber sole on this Arket pair is perfect for unpredictable weather days. Invest in a good leather protector and these glossy riding boots will see you through so many seasons. 2. Reformation, Francesca Moto Boots Buckled boots were big news last year, and they're sticking around for autumn/winter 2025/26. Reformation's Francesca iteration may have a slight heel, but the chunky sole and loose-fit around the leg will still keep them super comfy. 3. Asos, Wide Fit Celeste Flat Western Knee High Boots Price: $55 According to Asos, there's been a 178% rise in search for all things #cowboycore (including Western boots) this month. Whether you wear them to a festival or for a rainy day with a cotton dress and jacket, you'll end up styling them so many ways. 4. Ganni, Studs Knee-High Boots Fresh in from Ganni, we have no doubt these will be the boots every fashion insider will be wearing from now, through to next season. Add to a Broderie anglaise mini skirt and vest look for summer and with an oversized trench and denim shorts come autumn. 5. Massimo Dutti, Leather Riding Boots How chic are these? Love the glossy finish and the gold detailing – riding boots will elevate even the simplest of outfits this summer, and we're so here for it. We predict these will sell fast (like all key Massimo buys) so be quick to get them. 6. Khaite, Sybil Glossed Leather Knee High Boots Khaite boots will always be an investment, but when opting for a black pair of knee-high boots you can guarantee you'll get the wear out of them – way beyond the season, and even year you buy them in. Again, make sure to protect these with a good leather spray but this timeless pair will serve you well. 7. & Other Stories, Biker Boots If knee-high boots aren't for you, you'll want to embrace the new cropped pairs coming through. This brown leather style with silver hardware & Other Stories is also a very chic alternative to classic black. 8. Moncler, Kickstream High Rain Boots If you want to bring out the big guns and be fully prepared for all forecasts, a knee-high rain boot is the answer. This Moncler style made from a waterproof material also has a drawstring lining so no water will be getting down to your socks! Image credit: @Sofiaboman, @trishnagoklani, @ @chloekathbutler and @nlmarilyn
Miami Herald
a day ago
- Business
- Miami Herald
Burberry's Q1 earnings show a troubling trend
I remember exactly where I was when I got my first Burberry scarf. It was a gift from my mom (over a decade ago!), and I've worn it every winter since. The classic camel check. The kind of thing that never goes out of style. It felt like a rite of passage. Don't miss the move: Subscribe to TheStreet's free daily newsletter I'm not sure I even understood the full weight of the brand at the time. But I knew it mattered. Burberry was the kind of luxury that felt earned, even if I hadn't earned it myself. It felt timeless. Important. A piece of something bigger. Related: Luxury giant behind Cartier, Van Cleef shares unsettling update I still have that scarf. It's soft and worn in all the right ways now. And every year when I pull it out of my closet, I'm reminded not just of the gift, but of the brand itself. The heritage. The tradition. The emotion. Not every brand has that kind of staying power, which is why I'm always paying attention when something shifts. And based on Burberry's latest earnings, something definitely has. Burberry reported a 6% drop in retail revenue for Q1, with comparable store sales down 1%. That might not sound it follows a 21% drop last quarter. And despite the company's upbeat tone, key markets like Greater China (-5%) and Japan (-10%) are still slipping. On the surface, there are signs of life. The U.S. posted 4% growth, EMEIA was up 1%, and the company pointed to a sharp increase in brand desirability, saying more people are responding to its campaigns. But that doesn't mean they're buying. Related: How Labubu became luxury's answer to Beanie Babies Burberry has been working hard to modernize. It launched its Autumn 2025 collection, introduced monthly themed campaigns, and even piloted scarf bars in stores. Executives say sell-through is improving and partners are gaining confidence. But the numbers just aren't there yet. CEO Joshua Schulman called this a "strategic step" and highlighted early momentum, but acknowledged macro pressure, weak tourist traffic, and foreign exchange headwinds. Right now, that optimism feels more like a bet than a guarantee. Burberry's long-term play seems clear: blend its British heritage with modern energy, and hope shoppers show up. The brand is chasing Gen Z with K-pop ambassadors and influencer-driven campaigns while still trying to preserve the elegance that made its outerwear iconic. The new strategy wants to be everything to everyone. That's a tough line to walk. Luxury shoppers are changing. So are their expectations. Burberry is investing in content, rebalancing pricing, even rethinking wholesale relationships. More in Retail: Why the latest Messi Stanley collab is smarter than it looksNike eliminating some classic sneaker modelsLululemon's pricing change sends an ominous sign But as the Q1 results show, there's still a disconnect between the brand Burberry wants to be and what customers are actually spending on. The scarf I got years ago didn't need a campaign or a collection drop to feel special. It just was. If Burberry can tap into that again - the permanence, the sense of story - maybe the comeback will stick. Based on the numbers, they're not there yet. Still, I'm on Team I'm hopeful they'll get there. Related: Luxury outdoor brand suddenly closes popular location The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Elle
2 days ago
- Entertainment
- Elle
Throwing Shade? Start With These Sunglasses Trends
Summer might be halfway through, but the sun is shining as bright as ever. So too are the exciting sunglasses trends we've seen this year—and no doubt will continue to see even after the season shifts to fall. Whether you're a fiend for trends or a one-style loyalist like me, sunglasses are an easy way to experiment with your look while staying effortlessly cool. They're the perfect topper for any summer or fall outfit and, let's face it, a health essential for protecting your eyes from the ever-burning sun. Practicality aside, sunglasses are cooler than ever, with AI tools and 3D printing helping brands experiment with design, functionality, and technology. Nina Esteves—the trend and foresight manager at EssilorLuxottica—one of the world's biggest eyewear manufacturers for brands including our favorites like Prada, Burberry, and Diesel—gave us a sneak peek into the eyewear trends we'll definitely be shopping in current and upcoming seasons. Wipe off your lenses and turn up the brightness—you won't want to miss these. All About Burgundy It's the hottest color trend of the year, so of course it's making its way into eyewear, too. If you're looking for a long-lasting trend that transcends seasons, burgundy is the hue to choose for your shades. 'There's an underlying desire for earthy, natural tones in general,' Esteves confirmed. Magma hues, as she calls them, are just that. Soft Oval Shapes '60s-style oval sunglasses are making a comeback both for women and, surprisingly, for men, too. The style is universally flattering, and the classic, clean silhouette leaves plenty of room to play with frame or lens color, scale, other accessories, or even your hairstyle, if you so choose. Edgy Flat Top As someone whose go-to is a flat-top silhouette, this is one of my favorite eyewear trends. Flat top sunglasses don't have to look like you're going to an LMFAO concert (throwback) or a rave in Ibiza. Styles have evolved into something much chicer these days, with just a dash of edge, if that's all you have the taste for. This particular trend also reads more unisex, so they're perfect for anyone. Barely There Rimless and semi-rimless glasses are the eyewear answer to minimalism and anyone subscribing to the 'clean girl aesthetic.' They're a whisper, not a shout, but the message is just as clear. 'Shoppers are buying frames—especially metal ones—just as they buy a pair of earrings,' says Esteves. Consider these styles additions to your jewelry box rather than just another pair of sunglasses. Shades of Bone Sunglasses are here to make things darker, of course, but lighter colors are actually in for eyewear. Bone, ivory, cream, and tan are trending colors for summer shades and transition seamlessly to fall and winter, as well. These lighter neutrals are also flattering on various skin tones and can subtly complement or contrast with any outfit. Funky Shapes Thanks to Charli XCX's Brat Summer, edgy, funky sunglasses are becoming a normalized statement. Sure, she has her signature style, but Brat Summer opened the door for alien-esque silhouettes, oversized frames, and unapologetic boldness when it comes to eyewear. Brave enough to sport the trend? Start with the styles below. Credit: Moda Operandi, Inc. Chrome Details According to Esteves, interior design plays a big role in forecasting external trends like eyewear. 'In general, for 2025 we're going to see a discussion on metals, not just in the fashion space,' Esteves says. Chrome has had a major comeback in interior design—hello, mid-century modern—and with the rise of silver jewelry, it's only natural that eyewear is following suit. Credit: Moda Operandi, Inc. Tinted Lenses Your shades don't have to be all black all the time (well, mine are—but that's a personal choice). Tinted lenses are having a big moment. Yellow and red lenses evoke a sexy '70s vibe, while green, blue, or purple shades can be cute and flirty. Tinted lenses are often more about self-expression than actual shade, and they can become the protagonist of the outfit, according to Esteves. And if you wear clear opticals regularly, you can get in on the fun, too. Transitions Gen S lenses can go from clear to eight different shades—think ruby, amethyst, emerald, etc.—and can be added to your favorite frames for an extra touch of personal style. Credit: Moda Operandi, Inc. Why Trust ELLE Every product featured on is independently researched, tested, or editor-approved. We only recommend products that we stand behind, and the merchandise featured on our site is always driven by editorial and product testing standards, not by affiliate deals or advertising relationships. Any content created in partnership with advertisers is marked as such.
