Richemont (Switzerland) reported Q3 sales rose 10% to €6.2 billion ($6.25 billion).  This compares with a 1% decline in Q2 sales.  In Q3, sales rose 22% in the Americas, 19% in Europe but fell 7% in APAC.  

Target (USA) expects comparable sales to be up 1.5% year-on-year in the fourth quarter, a jump from its previous forecast of flat sales.  Target said it has seen “meaningful acceleration” in some discretionary categories like apparel and toys.  The retailer did not raise its outlook for earnings.

Next plc (UK) raised its profit forecasts by £5 million ($6.25 million) after better than expected sales in the key festive trading period. The retailer reported a 5.7% sales increase for the 9 weeks ending December 28.  Annual profits in the year to the end of January are forecast to rise 10% to just over £1 billion ($1.25 billion) for the first time.

Lululemon (Canada) has raised its Q4 revenue outlook by about 2.4%, while lifting earnings per share (EPS) outlook by about 4.5% based on strong holiday season sales.

JD Sports (UK) reported same-store revenue was down 1.5% for the nine weeks ending January 4, 2025 on strong December sales. Organic revenue growth in the period was 3.4% and it expects full year organic revenue growth to be around 5%.   The retailer has cut profit expectations by 4.2%, the second cut in eight weeks, blaming heavy discounting across the fashion market.