Nivea Maker Beiersdorf Cuts Guidance for 2026, Citing Market Conditions
Beiersdorf trimmed its full-year guidance on Monday on slower-than-expected recovery at its core brand Nivea and other economic headwinds.
apparel
Retail
The Year Ahead: Mapping the Next Wave of Supply Chain Pressures
The State of Fashion 2024 explains why consumer volatility could trigger what’s known in supply chains circles as the “bullwhip effect,” in which small changes in demand can cause increasing large fluctuations upstream and downstream.
The Year Ahead: Mapping the Next Wave of Supply Chain Pressures
The State of Fashion 2024 explains why consumer volatility could trigger what’s known in supply chains circles as the “bullwhip effect,” in which small changes in demand can cause increasing large fluctuations upstream and downstream.
Direct-to-Consumer
Stòffa’s 30-Year Plan to Build a Legacy Brand
Stòffa’s made-to-measure menswear has cultivated a devoted, influential following. Now, the brand is betting that its forthcoming flagship retail store is its next step on the long path to building a legacy luxury label.
Stòffa’s 30-Year Plan to Build a Legacy Brand
Stòffa’s made-to-measure menswear has cultivated a devoted, influential following. Now, the brand is betting that its forthcoming flagship retail store is its next step on the long path to building a legacy luxury label.
Luxury
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
ReSee Taps Vestiaire Collective Co-Founder as CEO
Sebastien Fabre will lead the Paris-based vintage start-up as it seeks to scale its platform and extend sourcing operations to the US.
Retail
Vans Owner VF Corp Lays Off 500 Employees in Restructuring Push
The company has been struggling to survive a tough US retail environment in which customers have been cutting back on non-essential spending.
Vans Owner VF Corp Lays Off 500 Employees in Restructuring Push
The company has been struggling to survive a tough US retail environment in which customers have been cutting back on non-essential spending.
Retail
Apparel Maker Faherty Explores Selling Minority Stake
The New York-based company has tapped a financial adviser as it seeks to solicit interest from potential investors including private equity firms and family offices, according to people familiar with the matter.
Apparel Maker Faherty Explores Selling Minority Stake
The New York-based company has tapped a financial adviser as it seeks to solicit interest from potential investors including private equity firms and family offices, according to people familiar with the matter.
Global Markets
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
Africa’s Top Clothing Retailer Pepkor Pushes Expansion in Brazil
Success in Brazil will allow Pepkor to consider further expansion in other emerging markets, chief executive Pieter Erasmus said.
Retail
Foot Locker Raises Forecast on Strong Thanksgiving Week
The athletic retailer now expects a full-year comparable sales decline of 8.5 percent to 9 percent, compared with a previous forecast for a decrease of as much as 10 percent.
Foot Locker Raises Forecast on Strong Thanksgiving Week
The athletic retailer now expects a full-year comparable sales decline of 8.5 percent to 9 percent, compared with a previous forecast for a decrease of as much as 10 percent.
News & Analysis
The State of Fashion 2024: Riding Out the Storm
The eighth annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals an industry navigating deep uncertainty. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
The State of Fashion 2024: Riding Out the Storm
The eighth annual State of Fashion report by The Business of Fashion and McKinsey & Company reveals an industry navigating deep uncertainty. Download the full report to understand the 10 themes that will define the industry and the opportunities for growth in the year ahead.
Luxury
Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.
Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.
Retail
American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand
The company now expects annual revenue to be up mid single digits.
American Eagle Raises Annual Revenue Forecast on Strong Holiday-Season Demand
The company now expects annual revenue to be up mid single digits.
Retail
Napapijri Taps Christopher Raeburn as Global Creative Director
British designer Christopher Raeburn has been named Napapijri’s first global creative director. Raeburn’s first capsule collection will drop in Spring/Summer 2025, followed by a full collection in Fall/Winter 2025.
Napapijri Taps Christopher Raeburn as Global Creative Director
British designer Christopher Raeburn has been named Napapijri’s first global creative director. Raeburn’s first capsule collection will drop in Spring/Summer 2025, followed by a full collection in Fall/Winter 2025.
Retail
Roger Federer-Backed Shoemaker On Sees Sales Surge
On Holding AG reported earnings that topped estimates amid fast growth in US sneaker sales.
Roger Federer-Backed Shoemaker On Sees Sales Surge
On Holding AG reported earnings that topped estimates amid fast growth in US sneaker sales.
The News in Brief
Soshe Launches at Ulta Beauty
The refillable clean makeup brand will enter the complexion category as it makes its debut across over 700 Ulta Beauty doors.
Shein Said to Weigh Cost Reset for Late Backers Before IPO
The retailer is considering lowering the investment cost for late backers who came in at a valuation of up to $64 billion as it prepares to list at a much lower value, people familiar with the matter said.
GLP-1 and Cosmeceutical Skincare Usage Spike Bathroom Mini Fridge Demand
As shoppers incorporate weight-loss drugs and more sophisticated skincare into their daily routines, a cottage industry is growing.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Abbvie Earnings Beat Estimates as Botox Shows Signs of Revival
Abbvie reported second quarter profit and sales that topped expectations, driven by strong demand across its immunology and neuroscience franchises and further signs of a recovery in Botox.
Puma Results Show Progress on Turnaround
The German sports brand posted a narrower loss in the second quarter as it pushed ahead with an effort to restore growth next year.
DSM-Firmenich’s Fragrance-Led Core Profit Beat Sends Shares Higher
DSM-Firmenich beat market expectations for second-quarter core earnings, said full-year sales growth should reach the upper end of its target range on the back of broad-based volume growth.