Swatch Group will have to work hard to achieve its goal of increasing sales this year to 8 billion Swiss francs ($8.50 billion) from last year's record high of 7 billion, its chief executive told Reuters on Thursday.
Luxury brands banking on a China rebound to boost sales may be in for an unpleasant surprise: weak demand in the world's second largest luxury market may last longer than the economic slowdown as Beijing cracks down on conspicuous consumption.
Adidas slashed its 2015 sales target for its struggling Reebok brand to 2 billion euros ($2.6 billion) from 3 billion euros after losing a major American football contract and fraud was discovered at its Indian operation.
Britain's JD Sports Fashion reported an expected 82 percent drop in first half pretax profit as operating losses from its Blacks Leisure acquisition weighed on the group, but said it remained well positioned to hit full-year targets.
Shares of Italian fashion company Prada SpA fell nearly 4 percent on Wednesday to their lowest in three weeks as investors cashed out after British fashion house Burberry warned that a slowdown in China could hit earnings.