The News In Brief
Vans Parent VF Corp Beats Quarterly Estimates on Strong Demand Amid Tariff Pressure
VF Corp exceeded Q2 expectations despite economic uncertainty and rising tariffs, though it anticipates a revenue fall in Q3 excluding Dickies.
Primark Seizes Us Opportunity as Trump Hits Online Rivals
The budget chain is expanding in the US, banking that the end of the de minimis exemption for e-commerce parcels will drive shoppers to brick-and-mortar stores.
J&J Talc Cancer Suits Rise 17% After Failed Settlement Push
Johnson & Johnson has seen a 17 percent jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court.
Philip Kingsley Names New CEO
The British haircare brand has appointed Joseph Scott Grigsby as its new chief executive officer, with a mandate toward international expansion and engaging younger consumers.
Intimates Brand Parade to Shutter After 6 Years
The Gen-Z favourite known for its undergarments and inclusive marketing will close on Oct. 28.
Frame Appoints New CEO
Silvia Merati, who joins the brand from Golden Goose, will look to drive international growth and retail development.
Why Lululemon and the NFL Are Teaming Up
The partnership includes an apparel collection for all 32 teams across the activewear brand’s men’s and women’s categories.
Sol de Janeiro Appoints Chief Marketing and Digital Officer
Jordan Saxemard, formerly of Dyson and Coty, is tasked with helping the body care giant evolve into a broader lifestyle brand.
Outdoor Voices’ Ty Haney Sued by Investors in Energy Drink Venture
A group of local Boulder, Colorado-based investors in Haney’s beverage company, Joggy, filed a lawsuit against her this month, alleging securities fraud.
Bangladesh Drops Criminal Cases Against 48,000 Garment Workers
Labour rights campaigners hail the move as a “massive victory”, which comes two years after thousands of garment workers were charged for protesting against failed national minimum wage negotiations.
P&G Results Beat Estimates on Strength in Beauty, Razors
Procter & Gamble Co. reported better-than-expected sales for its latest quarter as consumers brushed off price increases and snapped up the company’s Gillette razors and Secret deodorant.
Target to Eliminate 1,800 Roles, 8% of Headquarters Team
Target Corp. is eliminating about 8 percent of corporate roles in its first major restructuring in years, according to a memo viewed by Bloomberg News, as the retailer seeks to reduce complexity and regain its footing.