Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
business-slowdown
News & Analysis
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
News & Analysis
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Retail
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Financial Markets
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
News & Analysis
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
News & Analysis
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
News & Analysis
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Retail
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Retail
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
The News in Brief
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.
L’Oréal Steals French Stock Market Crown From LVMH
The cosmetics group became France’s most valuable listed company on Tuesday, the first time since 2017 that a non-luxury company has claimed the top spot at the end of a trading day.