Under Armour Inc posted a higher-than-expected third-quarter profit on Tuesday, helped by strong sales, but the athletic apparel maker lowered its full-year outlook, citing the current economic environment. Net income rose to $25.
Namibia sold more than seven tonnes of ivory for 1.1 million dollars Tuesday, October 28th in the first legal auction of elephant tusks in nearly a decade -- exclusively for Chinese and Japanese buyers.
Italian eyewear maker Luxottica cut its earnings-per-share forecast after its third-quarter net profit fell, and its chief executive said a clearer picture on the future would emerge in two to four months.
Children's clothing retailer Carter's Inc raised its full-year growth outlook and said earnings may not fall as much as expected, citing continuing strong birth rates, sending its shares up as much as 16 percent.
Luxury goods maker Salvatore Ferragamo is uncertain about its performance in the fourth quarter, its chief executive said on Tuesday, October 21st after a mainly positive first nine months of the year.
Swedish fashion giant Hennes & Mauritz still expects sales in Germany to grow this year despite weakening consumer sentiment in Europe's largest economy, the company's German head said on Tuesday, October 21st.
Shares in Switzerland's Richemont surged on Tuesday, October 21st as markets welcomed the group's first trading day as a pure luxury play following the spin off of its stake in British American Tobacco.