Revolve Group, a fashion retailer for millennial and Generation Z consumers, now offers Affirm’s flexible payment options to shoppers in Canada and the United Kingdom.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required ...

Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth, and Revolve Group, Inc. (NYSE: RVLV), the fashion retailer for Millennial and Generation Z consumers, announced an expansion of their partnership that makes it easier for shoppers in Canada and the UK to purchase the looks and styles they want “without any late or hidden fees.”Eligible consumers / clients residing in Canada and the UK will now be able to use Affirm to pay over time for REVOLVE’s collection o ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Merchant groups attacked a settlement to end decades of litigation over card networks’ interchange fees, alleging in court filings this week that the proposed pact still gives Visa and Mastercard far too much legal immunity and leeway to set fees. Several of the objecting merchants said Friday that the settlement reached last month largely resembles a prior agreem ...

Vera Bradley (NasdaqGS:VRA) Q3 2026 Earnings Call December 11, 2025 08:30 AM ET Company ParticipantsMartin Layding - CFOMark Dely - Chief Administrative OfficerIan Bickley - Executive ChairmanConference Call ParticipantsEric Beder - AnalystMartin LaydingWelcome to Vera Bradley's third quarter fiscal 2026 earnings conference call. At this time, all participants are in listen-only mode. The question-and-answer session will follow the formal presentation. If anyone today should require operator assistance, ple ...

Financial Data and Key Metrics Changes - For Q3 2026, the company reported revenues of $62.3 million, an 11.7% decrease from the prior year, compared to a 24.6% decline in Q2 [8][26] - The net loss from continuing operations for Q3 totaled negative $8.3 million, or negative $0.30 per diluted share, compared to negative $3.7 million, or negative $0.13 per diluted share in the prior year [26][27] - Gross margin for Q3 was $26 million, or 41.7% of net revenues, down from 54.5% in the prior year, primarily due to a $5.9 million inventory write-down [29][30] Business Line Data and Key Metrics Changes - Direct segment revenues were $49.7 million, a 5.3% decrease from $52.5 million in the prior year, with comparable sales declining 5.8% [27][28] - Indirect segment revenues totaled $12.6 million, a 30.2% decrease from $18 million in the prior year, primarily due to a decline in specialty and key account orders [29] Market Data and Key Metrics Changes - The company experienced a sequential improvement in key metrics across nearly all direct segment channels, with positive comparable channel sales extending from back-to-school through Black Friday [8][28] - Inventory decreased year-over-year by 24.3% to $82.9 million, compared to $109.6 million at the end of the previous year [31][32] Company Strategy and Development Direction - The company is focused on five strategic pillars under "Project Sunshine," aimed at brand rejuvenation, operational excellence, and customer engagement [5][9] - The strategy includes sharpening brand focus, resetting the go-to-market approach, rewiring the digital ecosystem, implementing Outlet 2.0, and reimagining organizational structure for sustainable growth [5][6][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transformation strategy, emphasizing the importance of product innovation and customer engagement to drive growth [3][39] - The company is committed to disciplined expense control and inventory management during the turnaround period, aiming for improved performance and shareholder value [32][24] Other Important Information - The company is in the process of searching for a new CEO, with a focus on finding the right leader to guide the transformation [25] - The recent appointment of a Chief Brand Officer is expected to enhance marketing and digital commerce efforts [54] Q&A Session Summary Question: What key signposts should be expected as Project Sunshine progresses into Q4 and 2026? - Management highlighted that product focus is crucial, with significant impacts expected from spring-summer 2026 product launches [38][39] Question: What has been the consumer response to Outlet 2.0 stores? - Early feedback has been positive regarding the store environment and customer journey, with performance in line with stores having more SKUs [44][45] Question: How should inventory opportunities be approached moving forward? - Management sees potential for improvement in inventory productivity, aiming to increase inventory turns from less than two to a range of two to three over the next 12-18 months [51] Question: How long will it take to attract a younger customer demographic? - Management acknowledged that it will take time but emphasized the importance of re-engaging loyal customers while also targeting younger demographics through effective marketing and product offerings [52][54]

3 December 2025 India Emerging Consumer India Consumer: Light at the end of tunnel? Not yet. Jignanshu Gor +91 226 842 1494 jignanshu.gor@bernsteinsg.com 2025 was supposed to be the year the Indian Consumer made a comeback. Has it happened? We look at 3 data points to evaluate prospects of the much talked about "festive revival in 3Q F26": (a) NPCI-UPI data released by Merchant Category Code (b) App usage data for e- commerce companies and (c) Management commentary during 2Q F26 conference calls. UPI transa ...

Core Insights - Simone Tata played a pivotal role in establishing Lakmé as India's first indigenous cosmetics brand, understanding the need for a shift in societal attitudes towards beauty products in India [1][10][21] - Under her leadership, Lakmé grew into a recognized name in Indian beauty, adapting to market changes and competition from global brands [13][22] Company Development - Lakmé was founded in 1952 by JRD Tata, prompted by Prime Minister Jawaharlal Nehru's vision for an indigenous alternative to imported beauty products [7][8] - Simone Tata joined the Lakmé board in 1962 and became chairperson by 1982, significantly influencing the brand's identity and marketing strategies [3][10][13] - The brand's marketing strategy included positioning Lakmé as aspirational yet accessible, with a focus on products tailored to Indian skin tones [10][11] Strategic Partnerships - In 1996, Simone Tata initiated a 50:50 joint venture with Hindustan Unilever to enhance Lakmé's technological and distribution capabilities [14] - The joint venture aimed to mitigate high import duties and leverage HUL's marketing network, although Tata Group exited in 1998, selling its stake for Rs 200 crore [15] Legacy and Impact - Simone Tata's contributions extended beyond cosmetics; she laid the foundation for the Tata Group's fashion retail through the establishment of Trent, which launched the Westside chain [16][18] - Lakmé has continued to thrive post-acquisition by HUL, expanding its product range to over 1,000 items and operating 400 salons, while also sponsoring the Lakmé Fashion Week [22]

Key Takeaways Affirm partners with Pacsun to offer installment payments during the holiday shopping season.Shoppers can choose interest-free biweekly plans or monthly options of up to 24 months.AFRM expects December-quarter revenues of $1.03-$1.06B as holiday BNPL volume rises.Affirm Holdings, Inc. (AFRM) recently partnered with Pacsun, a youth-focused fashion retailer, to power pay-over-time options at checkout. Shoppers can split purchases into installments directly using Affirm when buying Pacsun’s colle ...

American Eagle's hot streak into the holidays hints at more business momentum. But has the stock already priced this in?American Eagle Outfitters (AEO +0.88%) has been one of 2025's retail standouts, with shares climbing more than 45% this year as its business regains momentum. Fresh third-quarter results added fuel, showing revenue back to healthy growth and prompting management to lift its outlook for the important holiday period.The company operates the namesake denim-focused American Eagle chain along w ...

HSBC is set to occupy more than 40,000 sq ft of space in Capitol Centre in Causeway Bay, as Hong Kong's largest bank joins a growing list of finance and banking firms snapping up commercial space in the city. The London-headquartered lender signed a five-year lease, which starts May 18, 2026, for five levels - ground plus four floors of the building, according to Land Registry records. The deal was registered in late November. The records did not show the size or rent for the leased space, but agents sai ...