Business Insider

The 618 sale, which normally draws in billions, reported its first sales dip in eight years, showing low consumer confidence in a shaky economy.

The Chinese economy is so bad, even Chinese people can't be enticed into buying dirt-cheap mega-sale items

Hugo Boss shares are tumbling in German trading Tuesday after the luxury fashion retailer became the latest to warn of bad times for the high-end sector. Luxury brands have been suffering from a pullback on consumer spending on high-end items as well as China's economic slowdown. The downturn has hit...

Hugo Boss Latest To Warn of Grim Times for Luxury Sector


				













	LONDON — Joshua Schulman has been named chief executive officer of Burberry in stormy weather, amid a 22 percent decline in first-quarter retail revenue and the risk of an operating loss in the first fiscal half.Me+Em Is the Go-to Label for Royals, Celebrities and Labour Party Politicians




	Schulman, 52, will succeed Jonathan Akeroyd, who was ousted two years into his tenure during one of the most brutal macroeconomic periods the luxury goods industry has witnessed in more than a decade.




	An accomplished retailer and brand builder, Schulman will take up his job on Wednesday following the surprise announcement by Burberry on Monday morning...

Burberry Shakeup: Joshua Schulman Replaces Jonathan Akeroyd at Burberry Helm as Retail Sales Plummet 22% in Q1

The Independent

 British luxury fashion house Burberry said Monday it has appointed Joshua Schulman, formerly head of Michael Kors and Coach, as its new chief executive officer as the company warned it expected to record an operating loss in the first half of the year amid slumping retail sales. Burberry said Schulman, 52, replaces Jonathan Akeroyd, who would step down and leave the firm with immediate effect “by mutual agreement with the board.”The unexpected announcement came as Burberry said full-year earnings will also be lower than expected, and suspended its shareholder dividend payouts. Burberry shares plunged more than 11% soon after...

Burberry appoints a new CEO as the fashion house warns it expects a first-half operating loss


				













	LONDON — Of the people who could have protested at Burberry’s annual general meeting on Tuesday, it was PETA that made all the noise, shouting about the brand’s use of cashmere rather than the shrinking share price, canceled dividend for 2025, or the ejection of chief executive officer Jonathan Akeroyd.  Burberry Shakeup: Joshua Schulman Replaces Jonathan Akeroyd at Burberry Helm as Retail Sales Plummet 22% in Q1




	Tuesday’s meeting was humming along quietly with chairman Gerry Murphy fielding questions about Burberry’s pricing, strategy, product assortment and the upcoming round of layoffs when protesters burst into the underground reception room at the...

At Burberry’s AGM, Tempers Flared, but It Wasn’t the Shareholders Who Were Angry

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Bryce Gruber

The color yellow is gorgeous, eye-catching, and downright happy for most people. So much so that it's the main hue in the world-famous happy face—but science says it's not the best color to wear on a date.

You Shouldn't Wear Yellow on First Dates, Here's Why

Business Times

Burberry, the iconic British luxury brand, saw its shares plummet 16% on Monday after issuing a profit warning and announcing a significant leadership change. The company has appointed Joshua Schulman, a seasoned executive with prior roles at Michael Kors and Coach, as its new CEO. Jonathan Akeroyd, who had been in the role for just two years, is stepping down immediately by mutual agreement with the board.

Burberry Shares Plummets After Profit Warning and CEO Shake-Up

24/7 Wall St.

Investors have been running on a high for the last several months as all major U.S. indices have reached new record levels seemingly month after month. Sentiment on the stock market has never been better, and investors are holding out to see how developments in the field of Artificial Intelligence (AI) and Machine Learning (ML) […]
The post Four Blue Chip Stocks To Buy Now And Hold For Forever appeared first on 24/7 Wall St..

Four Blue Chip Stocks To Buy Now And Hold For Forever

California State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Total Apex Sports & Entertainment

Are you always looking for the next new things, new experiences, new knowledge, new challenges? Ever wonder who else is always searching for that next new thing? What signs have a restless quality, they can’t stay still, always moving, always looking for stimulation, activity, or something else to do? Do know, if this is you, you are most definitely not alone. Let’s take a look and see who might join you in your constant search.

3 Zodiac Signs Who Are Always Searching

Kentucky State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

Rates on 30-year new purchase mortgages fell for a third consecutive day Friday, sinking to 6.70%. That's the lowest average since early spring, and is a notable improvement after rates started July above 7%. Rates for most other mortgage types also ended the week lower. National Averages of Lenders' Best...

Mortgage Rates Keep Dropping, To Lowest Level Since March

Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

Pennsylvania State

Bucks County Beacon

With an assassination attempt on Donald Trump at a rally in Pennsylvania on July 13, 2024, the U.S. experienced another violent episode in its increasingly polarized politics. Former President Trump, who’s about to formally become the GOP nominee for president in the 2024 election, survived the attempted assassination when, initial reports said, a bullet grazed his ear . But one rally attendee was killed , more spectators were injured and the suspected gunman is also dead. The Conversation’s politics editor, Naomi Schalit, spoke with University of Massachusetts, Lowell, scholar Arie Perliger after the event. Perliger offered insight from his study of political violence and assassinations. Given the stark political polarization in the U.S., Perliger said, “it’s not a surprise that eventually people engage in violence.”

‘One Inch from a Potential Civil War’? Trump Shooting a Close Call for American Democracy

Have you ever heard the saying “No man is an island?” Human beings are social. But we have different levels of friendliness. Some people are approachable while others are introverts.

4 Zodiac Signs Who Can Be Your Friend

UnitedHealth Group's earnings exceeded forecasts as its Optum division added more patients and pharmacy customers. Profit was negatively impacted by the continuing effects of a February cyberattack against its Change Healthcare division. The company said the effect of the hack on full-year earnings would be more than previously estimated. UnitedHealth...

UnitedHealth Beats on Profit But Continues To Feel Effects of Cyberattack

Do you find it difficult to find what you are looking for? Is it difficult to find ways to organize your house, your office, and your life? Who are those managers of organization? I know I see them all of the time, I'm sure you do too. Those people who seem to always have it all together. Those people with planners, calendars, organized shelves and closets, nice neat cars. Who are they? Let's find out.

Top 3 Most Organized Zodiac Signs

New Jersey State

Morristown Minute

MORRISTOWN, NJ – New Jersey's Attorney General Matthew J. Platkin, backed by the Division on Civil Rights (DCR), has issued a Finding of Probable Cause against Prince Telecom LLC, alleging disability discrimination. This action follows a complaint where Prince Telecom is accused of denying employment to an applicant using medical marijuana legally to manage a disability.

Cable Company Faces Discrimination Lawsuit Over Medical Marijuana Use

NewsBreak

The Luxury Slump Continues as Burberry's Woes Persist

Burberry, the British maker of trench coats, said Monday it has replaced its chief executive as it struggles with \"a backdrop of slowing luxury demand.\" Luxury...

Burberry, the British maker of trench coats, said Monday it has replaced its chief executive as it struggles with "a backdrop of slowing luxury demand." Luxury...

The Luxury Slump Continues as Burberry's Woes Persist

Comments / 0