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.
Coats, the industrial thread company, has said its apparel & footwear business experienced flat growth last year due to currency headwinds, a slower demand for zips and a 15% decline in its Latin America Crafts business.
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.