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Rent the Runway shares triple after upbeat revenue forecast on AI bet

Rent the Runway shares triple after upbeat revenue forecast on AI bet
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Jennifer hymanAnanya mariam rajeshMichael ashley schulmanRavi prakash kumarAnanya mariamRunning point capital

Nike to cut about 2% of jobs to lower costs as demand weakens

Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under pressure.

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Long and tedious journey : companies sour on China outlook

By Helen Reid, Emma Rumney and Ananya Mariam Rajesh (Reuters) - Some of the world s top food, drinks and tech companies have struck a sour tone about .

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Coty s premium fragrances, cosmetics launches drive quarterly revenue beat

(Reuters) -Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics in the U.S. during the holiday season. The company's newer products such as Burberry Goddess and CoverGirl Clean Fresh Yummy Gloss helped pull in customers in the U.S. compared to bigger rival Estee Lauder, which flagged feeble demand in the country and is doubling down on new launches and reinventing existing products. In the Americas region, Coty's net revenue rose 10% to $687.9 million, accounting for 40% of its total sales.

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Coty s premium fragrances, cosmetics launches drive quarterly revenue beat

Coty beat Wall Street estimates for second-quarter revenue on Wednesday, powered by higher pricing and strong demand for its high-end Burberry and Gucci fragrances and fresh launches of cosmetics.

Shilpi majumdarAnanya mariam rajeshLaurent mercierEstee lauderBurberry goddessCovergirl clean fresh yummy glossMainland chinaAnanya mariam

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