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.
digitisation
Partner Content
The Future of Marketplaces in Fashion
Growth acceleration company Huge counts nearly 20 percent of Fortune 100 companies among its clients and regularly combines proprietary data with landscape research and hands-on experience to craft solutions-oriented reports. Here, BoF shares excerpts on the evolution of marketplaces and how to capitalise on them.
Partner Content
Retail Reborn Episode 2: Which Consumers Will Buy
McKinsey’s head of retail practises in Central and South America, Tracy Francis, luxury analyst Erwan Rambourg and Warby Parker’s SVP of retail, Sandy Gilsenan, join retail futurist Doug Stephens to examine the global forces shaping consumer behaviour and circumstances, and the implications on retail habits.
Beauty
Who Beauty Brands Are Hiring
Beauty brands are increasingly looking outside the industry for talent, and adapting executive roles to changes in the market.
Partner Content
How Turkish Designers Make an Impact On and Offline
With runway shows and exhibitions interspersed with digital engagement strategies this Fashion Week Istanbul, BoF meets emerging and established designers to learn how they are engaging domestic and international audiences during continued market disruption.
Retail
The Future of Airport Retail
Travellers returning to the airport for the first time since the pandemic will find a different retail landscape awaits them past the security gate.
Partner Content
At Brandlive, Evolving the Digital Showroom Experience
The digital events company, which has hosted the likes of Adidas and Levi’s, co-developed its new Showrooms product with Nike to deliver a best-in-class digital experience for brand stakeholders. BoF learns more.
Sustainability
Adidas Taps Traceability Platform TrusTrace to Help Back Up Sustainability Claims
The German sportswear giant is deploying a new tool from the supply chain traceability-focused tech platform to help document its products’ sustainability credentials.
Retail
Fashion’s 5 Most Promising Supply Chain Innovations
As the pandemic wreaked havoc on global logistics, investors poured $65.6 billion into supply chain start-ups last year that promise to revolutionise everything from warehouse automation to shipping.
Technology
What Digital IDs Can Do for Fashion
Proponents of the effort to give every item its own digital identity say they’ll unlock numerous benefits for brands and shoppers alike. But for these IDs to work will require overcoming some big obstacles first.
Global Markets
Inside Brazil’s Radical Retail Giant
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
Retail
The TikTok Thrifters Opening Physical Stores
Sellers are capitalising on the boom of ‘90s and early ‘00s vintage.
Retail
Macy’s Says No to E-Commerce Spinoff on the Heels of Strong Earnings
The department store forecasts better-than-expected annual sales after a bumper holiday season.
The News in Brief
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.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.