Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
collaboration
Sports
What Happens After Sneaker Resale Prices Peak?
The value of hyped shoes on the aftermarket has fallen in recent months, raising questions about whether it’s a momentary stumble or a sign that the category is losing steam.
Direct-to-Consumer
Urban Outfitters to Carry Parade Underwear
The direct-to-consumer intimates brand will be stocked in 25 Urban Outfitters stores and on its website starting Aug. 1, the company announced Monday. It marks Parade’s first partnership with a third-party retailer.
Retail
Yeezy Gap Brings a Dystopian Retail Experience to Stores
Clothes from the collaboration between Gap and rapper Kanye West went on sale in a physical Gap store for the first time today, in a blacked out space where clothes were piled into plastic bags.
Beauty
Why Diffusion Beauty Brands Rarely Take Off
With the launch of AF94, Halsey now operates two makeup brands. But star power alone won’t ensure success for a diffusion label, a notoriously tricky concept to pull off in beauty.
Luxury
BoF Insights | The New Era of Designer Bags: Redefining Leather Goods Report
Read the latest BoF Insights report to get BoF’s perspective on designer bags and small leather goods, covering key competitive shifts, including what, why and how consumers buy in the US and China, the category’s biggest markets.
Retail
American Eagle’s Hottest Business Isn’t Jeans — It’s Logistics
After acquiring two supply-chain start-ups last year, the teen retailer wants to build an ‘open source’ shipping and storage network it thinks can someday be a bigger business than selling clothes.
Sports
Boss Signs Deal with Aston Martin Racing Team As Formula One Heats Up
The German label will design the AMF1 team wardrobe, providing formal apparel and race wear for its drivers, as well as a travel wardrobe for the entire team.
Retail
How to Navigate the Return of Wholesale
After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour.
Entrepreneurship
How a Little Italian Hotel Became a Global Fashion Brand
Pellicano group CEO and creative director Marie-Louise Sciò has turned her family’s hospitality business into a name with international caché, partnering with the likes of Birkenstock and Matchesfashion. Now, the group is an attractive acquisition target.
Luxury
Gucci Reveals Collaboration with Harry Styles
Styles, who has become well-known for his adventurous, nostalgic and often gender-bending looks, has frequently worn Gucci for his public appearances since Michele took the helm of the brand in 2015. Styles has also starred in the brands’ campaigns.
Sports
Burberry Announces Korean Footballer Son Heung-min as Ambassador
The British fashion house is the latest luxury brand to partner with a footballer after Gucci tapped Jack Grealish in May and Dior hired Kylian Mbappé.
Sports
Fendi Inks Two-Year Deal with Italian Football Club AS Roma
The LVMH-owned label will provide an official wardrobe for Roma’s first-team players for the 2022-23 and 2023-24 seasons.
The News in Brief
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
Zegna to Take Summer Fashion Show to Beijing
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
Beiersdorf Sales Slightly Miss Expectations on Nivea Weakness
The German consumer goods maker marginally missed market expectations for third-quarter sales growth on Tuesday, with its key Nivea brand posting a third straight quarterly sales decline.
Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.