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22 Apr

P&G Beats Wall Street Expectations, Awaiting Return of Travel

P&G Beats Wall Street Expectations, Awaiting Return of Travel
Procter & Gamble beat Wall Street expectations on the highest and bottom lines, but profits were bolstered partly by price hikes and it still isn’t seeing the recovery in travel retail that it had hoped for. The buyer goods giant reported third-quarter fiscal-year 2023 net sales of $20.1 billion, a rise of 4 percent versus the prior 12 months. Analysts polled by Factset forecast $19.3 billion. Organic sales, which exclude the impacts of foreign exchange and acquisitions and divestitures, rose 7 percent. Diluted net earnings per share were $1.37, a rise of three percent versus the prior 12 months, beating Wall Street expectations for $1.32. Net earnings were $3.4 billion for the quarter. P&G raised its guidance for fiscal 2023 all-in sales to grow...
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19 Apr

Perfect White Tee Opens First Store on Elizabeth Street

Perfect White Tee Opens First Store on Elizabeth Street
Perfect White Tee, cofounded by Lisa Hickey and Jen Menchaca, has quietly opened its first store at 262 Elizabeth Street in Recent York. The grand opening is planned for Thursday. The shop is roughly 500 square feet and sells the corporate’s lineup of T-shirts, French terry and fleece sets, sweatpants, sweat shorts and dresses. The shop carries women’s, men’s and unisex apparel. Hickey and Menchaca, who've 30 years of experience in the style industry, began the business in 2020. Menchaca previously founded a T-shirt brand, Nation Ltd., in the ladies’s contemporary market, and Hickey owns a multiline showroom, Showroom Delfina, in Recent York City on this category and co-owns two retail locations in Recent York and has a franchised one in Recent...
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1 Apr

Balmain Moves to London’s Mount Street, Near Simone Rocha

Balmain Moves to London’s Mount Street, Near Simone Rocha
Courtesy MOUNT BALMAIN: Balmain has moved its London store, however it hasn’t gone far. The brand, which opened a flagship on South Audley Street in 2015, has moved across the corner to 94 Mount Street, with neighbors including Simone Rocha and Marni. Balmain’s recent, 1,077-square-foot store houses the ladies’s, men’s and accessories collections, and there's also a personal suite for VIP appointments. The shop soft launched earlier in March, with creative director Olivier Rousteing officially cutting the ribbon this week with a cocktail for patrons and a small, private dinner for friends and collaborators. The inside of Balmain’s recent store on London’s Mount Street. CREDIT: Courtesy “Knowing that London is such a crucial destination for each British and international fashion lovers, it was very essential for me...
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31 Mar

Balmain Moves to London’s Mount Street, Near Simone Rocha

Balmain Moves to London’s Mount Street, Near Simone Rocha
MOUNT BALMAIN: Balmain has moved its London store, but it surely hasn’t gone far. The brand, which opened a flagship on South Audley Street in 2015, has moved across the corner to 94 Mount Street, with neighbors including Simone Rocha and Marni.  Balmain’s recent, 1,077-square-foot store houses the ladies’s, men’s and accessories collections, and there may be also a non-public suite for VIP appointments. The shop soft launched earlier in March, with creative director Olivier Rousteing officially cutting the ribbon this week with a cocktail for purchasers and a small, private dinner for friends and collaborators. The inside of Balmain’s recent store on London’s Mount Street. “Knowing that London is such a vital destination for each British and international fashion lovers, it was very...
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