The long-established watch-maker owned by Richemont has been struggling for some years, and has again changed its CEO, appointing David Chaumet to succeed Geoffroy Lefebvre, in charge for less than a year.
The Philadelphia-based fashion and lifestyle group reported record quarterly earnings per share of $0.80 on Tuesday, beating out Wall Street estimates to finish the year with progress across its brand portfolio.
The Victoria’s Secret parent company reported dips in Q4 and full-year 2018 earnings on Wednesday and announced a disappointing outlook for 2019, leading shares in the company to tumble more than 8% in extended trading.
Avon Products Inc on Thursday reported lower-than-expected total revenue, as it had fewer sales representatives to sell its products and was hurt by dwindling demand for its cosmetics in Latin America.
Although the number of US consumers planning to celebrate Valentine’s Day continues to decline, spending is expected to reach record levels this year according to a study, with jewelry accounting for the biggest spend.