The News In Brief
Mexico Wants Adidas to Pay Up After Indigenous-Inspired Collaboration with Willy Chavarria
Mexico is pursuing possible legal action against Adidas after Chavarria released the 'Oaxaca Slip On,' which allegedly copies the traditional, Indigenous huarache sandal without credit or benefit to local artisans.
Crocs Shares Slump 30% Amid Tariffs and Decline of ‘Ugly Shoe’ Trend
Stock plummeted after the foam footwear maker predicted revenues could drop by between 9 and 11 percent in the current quarter, disappointing analysts who were expecting slight growth.
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Revolution Beauty Rejects Bid From Private Equity Firm, Sources Say
The cosmetic group has rejected a takeover offer from True, a private equity firm, and is now likely to pursue a capital raise from existing shareholders.
The RealReal Posts Record Quarterly Revenue, Raises Annual Forecast
The luxury resale platform expanded its EBITDA margin as well, demonstrating that the secondhand fashion sector stands to benefit from tariffs and rising prices in high-end fashion.
Warby Parker Announces Executive Changes, End of At-Home Try-On
The eyewear maker said it will discontinue its longstanding program amid its ongoing brick-and-mortar expansion, and announced that its finance chief, Steve Miller, will leave the business in October.
Peloton Projects Sales Decline and Will Cut Jobs in Turnaround Bid
The New York-based fitness technology company is laying off 6 percent of its workers globally.
Olaplex Finds Success in Direct-to Consumer, Net Sales Increase
The US hair care company reported a 2.3 percent sales gain, its first in four quarters, and has made inroads on its transformation strategy, chief executive Amanda Baldwin told The Business of Beauty.
Kenvue Forecasts Annual Profit Below Estimates Amid Strategic Review
The global health company’s annual profit forecast fell below estimates, despite largely meeting quarterly earnings expectations.
E.l.f. Beauty Net Sales Rise 9%, Will Enter Sephora Middle East
The cosmetics and skincare company saw sales rise for a 26th consecutive quarter, but declined to issue full-year guidance due to tariffs in the US.
Shopify Forecasts Quarterly Revenue Above Estimates on Resilient Demand
Demand from retailers for its e-commerce services remains strong despite tariff-related anxiety.
Claire’s Files for US Bankruptcy for Second Time in Seven Years
The tween jewellery retailer reported in court filings in Delaware that it had debts of between $1 billion and $10 billion.