#kering

US Top News and Analysis | Burberry says turnaround on track as Americas and China fuel strong growth  AI generated summary, Read the full article for complete information. Burberry announced that its fiscal year marked a “meaningful inflection point,” reporting a 2 % increase in comparable sales driven by a 10 % growth surge in both the Americas and China during the quarter ended March. Full‑year revenue held steady at £2.4 billion, while adjusted operating profit rose sharply to £160 million from £26 million a year earlier, reflecting successful cost‑saving measures and a strong fourth‑quarter performance in Greater China and the Americas. CEO Joshua Schulman said the turnaround strategy is working and that the company remains mindful of geopolitical and macro‑economic uncertainties, but expects continued progress toward its financial goals through 2027. Burberry’s shares slipped 5 % in early London trading despite the positive results. Read more: https://www.cnbc.com/2026/05/14/burberry-stock-brby-earnings-fy-turnaround-americas-china-sales-growth.html #Burberry #JoshuaSchulman #LVMH #Kering

NPR Topics: Home Page Top Stories | Trends still go from the runway to retail. A lot has changed in how they get there by Ayana Archie AI generated summary, Read the full article for complete information. Spring’s fashion cycle still follows a top‑down “runway‑to‑retail” model, but the speed and mechanics of that flow have transformed dramatically. While high‑fashion houses still set the tone—drawing inspiration from theatre, architecture, travel and the era’s socio‑economic climate—conglomerates prioritize profit, leading to less innovation and a growing reliance on artificial intelligence for sales forecasts, though AI can’t replace the human touch in design. The rise of fast‑ and ultra‑fast‑fashion retailers, amplified by social media and instant online access, compresses the timeline so that knock‑offs can appear on shelves before original designs even hit the market, with copyright gaps prompting brands to protect logos rather than garments. Nevertheless, collaborations between luxury labels and mass‑market chains (e.g., Zara with John Galliano, Target with designers) create mutually beneficial revenue streams and broaden consumer exposure. Ultimately, despite the accelerated, technology‑driven dissemination of trends, consumer preferences for comfort, price, and authenticity continue to dictate what styles succeed. Read more: https://www.npr.org/2026/05/02/nx-s1-5805152/devil-wears-prada-2-trends-fashion #MichaelFisher #LVMH #Kering #Quince