Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
consumers
Direct-to-Consumer
Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’
More than 2,000 people showed up in SoHo on Saturday to celebrate the opening of the brand’s first permanent outpost – and add another of the sometimes hard-to-find tote to their collection.
Telfar’s First Store: A Block Party for the ‘Bushwick Birkin’
More than 2,000 people showed up in SoHo on Saturday to celebrate the opening of the brand’s first permanent outpost – and add another of the sometimes hard-to-find tote to their collection.
Retail
Kiko Kostadinov Opens First US Store in Los Angeles
The Bulgarian designer is opening his second global flagship in Los Angeles’ Melrose Hill gallery district to gain closer proximity to the art world and America’s entertainment industry.
Kiko Kostadinov Opens First US Store in Los Angeles
The Bulgarian designer is opening his second global flagship in Los Angeles’ Melrose Hill gallery district to gain closer proximity to the art world and America’s entertainment industry.
Retail
Sportswear Is Set for an Epic Showdown in 2025
The battle between challenger brands and incumbents is only set to intensify, pushing each camp to develop more innovative products and devise creative new ways to reach shoppers and tell their stories, according to the BoF-McKinsey State of Fashion 2025.
Sportswear Is Set for an Epic Showdown in 2025
The battle between challenger brands and incumbents is only set to intensify, pushing each camp to develop more innovative products and devise creative new ways to reach shoppers and tell their stories, according to the BoF-McKinsey State of Fashion 2025.
Global Markets
Thailand Is Becoming a Luxury Retail Powerhouse
A $3.2 billion new luxury precinct called One Bangkok is rising in the Thai capital amid a flurry of investment by the city’s legacy department stores and malls as they renovate and expand to popular tourist destinations nationwide.
Thailand Is Becoming a Luxury Retail Powerhouse
A $3.2 billion new luxury precinct called One Bangkok is rising in the Thai capital amid a flurry of investment by the city’s legacy department stores and malls as they renovate and expand to popular tourist destinations nationwide.
Direct-to-Consumer
Telfar to Open Its First Flagship Store
The cult apparel and accessories label’s 10,000-square-foot outpost in New York will include a year-round selection of its popular “Bushwick Birkins” and a television studio.
Telfar to Open Its First Flagship Store
The cult apparel and accessories label’s 10,000-square-foot outpost in New York will include a year-round selection of its popular “Bushwick Birkins” and a television studio.
Retail
How to Lower Prices Without Hurting Your Brand
With fashion’s pricing power reaching its limit, brands are grappling with how to cut prices without damaging their reputation or value.
How to Lower Prices Without Hurting Your Brand
With fashion’s pricing power reaching its limit, brands are grappling with how to cut prices without damaging their reputation or value.
News & Analysis
The State of Fashion 2025: Challenges at Every Turn
The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
The State of Fashion 2025: Challenges at Every Turn
The ninth annual State of Fashion report by McKinsey & Company and BoF Insights, The Business of Fashion’s data and advisory team, reveals that economic and geopolitical challenges, combined with shifts in customer values, will define a turbulent year ahead. Download the full report to understand the 10 themes that will shape the industry and the opportunities for growth in 2025.
News & Analysis
Trump’s Victory Has the Fashion Industry Asking: What Just Happened?
Fashion insiders are reckoning with the sweeping implications — policy and beyond — of a second administration under Donald Trump.
Trump’s Victory Has the Fashion Industry Asking: What Just Happened?
Fashion insiders are reckoning with the sweeping implications — policy and beyond — of a second administration under Donald Trump.
Partner Content
Unpacking the GCC’s Fashion and Beauty Growth Opportunities at Oud Fashion Talks
For its third edition, Oud Fashion Talks welcomed international and regional fashion professionals to Kuwait. Panel talks featured local emerging designers, beauty entrepreneurs, industry-leading content creators and the first public interview from CEO of luxury e-commerce platform Ounass, Khalid Al Tayer, in conversation with BoF’s Imran Amed.
Unpacking the GCC’s Fashion and Beauty Growth Opportunities at Oud Fashion Talks
For its third edition, Oud Fashion Talks welcomed international and regional fashion professionals to Kuwait. Panel talks featured local emerging designers, beauty entrepreneurs, industry-leading content creators and the first public interview from CEO of luxury e-commerce platform Ounass, Khalid Al Tayer, in conversation with BoF’s Imran Amed.
Retail
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
Businesses are responding to customer fatigue with price increases by shifting focus to more affordable products, reflecting a broader trend that may help curb inflation and support continued Federal Reserve interest rate cuts.
The Era of Big Price Hikes Is Over, Giving Comfort to the Fed
Businesses are responding to customer fatigue with price increases by shifting focus to more affordable products, reflecting a broader trend that may help curb inflation and support continued Federal Reserve interest rate cuts.
Marketing
How Brands Survive the Election Ad Blitz
Presidential nominees Kamala Harris and Donald Trump are expected to flood social media with ads targeting undecided voters, prompting brands to double down on alternative marketing channels in the lead up to holiday season.
How Brands Survive the Election Ad Blitz
Presidential nominees Kamala Harris and Donald Trump are expected to flood social media with ads targeting undecided voters, prompting brands to double down on alternative marketing channels in the lead up to holiday season.
Global Markets
Is Q-Commerce the Next Big Beauty Opportunity in India?
‘Quick commerce’ apps that deliver products in just 10-20 minutes are already popular in Indian cities with experts predicting double-digit sales growth for the channel in the years ahead.
Is Q-Commerce the Next Big Beauty Opportunity in India?
‘Quick commerce’ apps that deliver products in just 10-20 minutes are already popular in Indian cities with experts predicting double-digit sales growth for the channel in the years ahead.
The News in Brief
Essilorluxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.