Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
apparel
Retail
Unpacking Birkenstock’s Underwhelming Public Debut
Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public.
Unpacking Birkenstock’s Underwhelming Public Debut
Shares of the L Catterton-owned sandal maker sank on their first day of trading, a bad sign for other brands that are thinking about going public.
Workplace & Talent
How I Became... A Fashion Merchandising Executive
Having studied a degree in journalism, Kiera Ganann started out as a retail manager at Ralph Lauren, before taking roles at Levi’s and Bolt Threads, which took her from the shop-floor to the executive suite. Here, she shares insights into the importance of being open to feedback and the valuable lessons she learnt when starting out.
How I Became... A Fashion Merchandising Executive
Having studied a degree in journalism, Kiera Ganann started out as a retail manager at Ralph Lauren, before taking roles at Levi’s and Bolt Threads, which took her from the shop-floor to the executive suite. Here, she shares insights into the importance of being open to feedback and the valuable lessons she learnt when starting out.
Retail
JD Sports Sees Air Force Ones, Gazelle Sneakers Driving Profits Higher
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5 percent.
JD Sports Sees Air Force Ones, Gazelle Sneakers Driving Profits Higher
British sportswear retailer JD Sports Fashion said it was on track to post higher annual profit as demand for Nike Air Force One and Adidas Gazelle and Samba footwear pushed up first-half underlying sales, lifting the company’s shares 7.5 percent.
Technology
Carrera ‘Smart’ Glasses Set for US Launch by Safilo and Amazon
Italy’s Safilo and Amazon said on Wednesday they were launching new Carrera-branded “smart” glasses which employ Alexa technology and will be sold in the US market.
Carrera ‘Smart’ Glasses Set for US Launch by Safilo and Amazon
Italy’s Safilo and Amazon said on Wednesday they were launching new Carrera-branded “smart” glasses which employ Alexa technology and will be sold in the US market.
Retail
Adidas CEO Says Ye Didn’t Mean His Antisemitic Remarks
Adidas AG chief executive officer Bjorn Gulden said he doesn’t think that Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year that led the sneaker maker to terminate their highly lucrative partnership.
Adidas CEO Says Ye Didn’t Mean His Antisemitic Remarks
Adidas AG chief executive officer Bjorn Gulden said he doesn’t think that Ye, formerly known as Kanye West, really meant the antisemitic statements he made last year that led the sneaker maker to terminate their highly lucrative partnership.
Retail
HanesBrands Considers Sale of Athletic Apparel Maker Champion
As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand.
HanesBrands Considers Sale of Athletic Apparel Maker Champion
As part of a strategic review, for which HanesBrands has tapped Goldman Sachs as an advisor, its board will consider a range of options, including a strategic transaction as well as continuing to operate the brand.
Retail
Adidas Releases $500 Running Shoe as Fall Marathon Season Starts
The Adizero Adios Pro Evo 1 is the German company’s lightest-ever racing shoe, it said. Weighing 138 grams (4.9 ounces), it’s 40 percent lighter than Adidas’s most recent talked-about marathoning shoe, the Adizero Adios Pro 3.
Adidas Releases $500 Running Shoe as Fall Marathon Season Starts
The Adizero Adios Pro Evo 1 is the German company’s lightest-ever racing shoe, it said. Weighing 138 grams (4.9 ounces), it’s 40 percent lighter than Adidas’s most recent talked-about marathoning shoe, the Adizero Adios Pro 3.
Retail
Fast Fashion’s Bright Present and Cloudy Future
Results from Zara owner Inditex are likely to reflect rising sales, but regulatory challenges loom. That, plus what else to watch for in the coming week.
Fast Fashion’s Bright Present and Cloudy Future
Results from Zara owner Inditex are likely to reflect rising sales, but regulatory challenges loom. That, plus what else to watch for in the coming week.
Retail
US Retail Workers Are Fed Up and Quitting at Record Rates
A 2022 McKinsey study found that the quit rate for retail workers is more than 70 percent higher than in other US industries.
US Retail Workers Are Fed Up and Quitting at Record Rates
A 2022 McKinsey study found that the quit rate for retail workers is more than 70 percent higher than in other US industries.
Retail
Forever 21 Launches Barneys Collection
The 32-piece collection is designed to be unisex and includes monochromatic basics such as leggings, blazers and denim, priced between $30 and $130.
Forever 21 Launches Barneys Collection
The 32-piece collection is designed to be unisex and includes monochromatic basics such as leggings, blazers and denim, priced between $30 and $130.
Partner Content
Inside the Apparel Team at On with Tim Coppens
On’s apparel designer discusses how collaboration, product innovation and sustainability plays into the design approach at the Roger Federer-backed Swiss sportswear brand.
Inside the Apparel Team at On with Tim Coppens
On’s apparel designer discusses how collaboration, product innovation and sustainability plays into the design approach at the Roger Federer-backed Swiss sportswear brand.
Retail
H&M Taps Heron Preston as Creative Menswear Advisor
The New York-based designer will create his own collection for the retailer, launching in 2024. As part of his long-term role, Preston will also consult on the brand’s overall menswear assortment.
H&M Taps Heron Preston as Creative Menswear Advisor
The New York-based designer will create his own collection for the retailer, launching in 2024. As part of his long-term role, Preston will also consult on the brand’s overall menswear assortment.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.