Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
fast-fashion
Retail
Zara Owner's Margin Shrinks to Lowest Level in Eight Years
Higher garment costs and lowered prices amid increasing competition seen the world’s largest clothing retailer's profitability decline to an eight-year low.
Zara Owner's Margin Shrinks to Lowest Level in Eight Years
Higher garment costs and lowered prices amid increasing competition seen the world’s largest clothing retailer's profitability decline to an eight-year low.
Retail
Adidas Raises Forecasts as New CEO Plans Fast-Fashion Focus
Adidas' new CEO plans to overhaul the Reebok brand, relocate its head office, close stores and trim jobs as he seeks to turn around a business that’s weighed on the sporting-goods maker for years.
Adidas Raises Forecasts as New CEO Plans Fast-Fashion Focus
Adidas' new CEO plans to overhaul the Reebok brand, relocate its head office, close stores and trim jobs as he seeks to turn around a business that’s weighed on the sporting-goods maker for years.
News & Analysis
Boohoo Rating Prices in Either Superstardom or Amazon Bid
Even if Boohoo stumbles, there's always the possibility that Amazon's interest in apparel could lead to it not just being a seller of fashion, but a buyer too.
Boohoo Rating Prices in Either Superstardom or Amazon Bid
Even if Boohoo stumbles, there's always the possibility that Amazon's interest in apparel could lead to it not just being a seller of fashion, but a buyer too.
China
China’s Sportswear Giant Anta Gets Presidential Plug
In this month's China Edit, how homegrown Anta is chasing Nike and Adidas, why retailers from Zara to 10 Corso Como are closing stores, and more.
China’s Sportswear Giant Anta Gets Presidential Plug
In this month's China Edit, how homegrown Anta is chasing Nike and Adidas, why retailers from Zara to 10 Corso Como are closing stores, and more.
News & Analysis
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
Can Boohoo Overcome Nasty Gal’s Mistakes?
If it plays its cards right, Boohoo could accelerate its American ambitions and learn from Nasty Gal’s success in brand and online community building.
News & Analysis
Lagging Behind Zara and H&M in India, US Label Gap Finally Looks to Cut Prices by 10-15%
" Gap is yet to stitch together a winning formula in the price-sensitive South Asian nation, where affordable fast-fashion is rapidly expanding."
Lagging Behind Zara and H&M in India, US Label Gap Finally Looks to Cut Prices by 10-15%
" Gap is yet to stitch together a winning formula in the price-sensitive South Asian nation, where affordable fast-fashion is rapidly expanding."
News & Analysis
Retailers Chasing Fast Fashion Stumble Under Heavy Buyout Debts
Euro fast fashion has taken the US by storm, and distressed specialty apparel retailers are among the biggest casualties.
Retailers Chasing Fast Fashion Stumble Under Heavy Buyout Debts
Euro fast fashion has taken the US by storm, and distressed specialty apparel retailers are among the biggest casualties.
Financial Markets
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
H&M Monthly Sales Growth 6 Percent, Lagging Forecasts
In November, its growth was roughly unchanged from October at 9 percent, missing expectations for an acceleration on the back of demand for winter clothes.
News & Analysis
Inditex Has This One Thing Keeping it From Superstardom
The much-admired Spanish retail giant on Wednesday reported earnings that beat analyst estimates in the third quarter.
Inditex Has This One Thing Keeping it From Superstardom
The much-admired Spanish retail giant on Wednesday reported earnings that beat analyst estimates in the third quarter.
Retail
Rethinking the Fashion System
After a year of transformation — and increasing chaos — in the way clothes are designed, marketed and sold, industry leaders ponder the future of ‘fashion immediacy.'
Rethinking the Fashion System
After a year of transformation — and increasing chaos — in the way clothes are designed, marketed and sold, industry leaders ponder the future of ‘fashion immediacy.'
Luxury
When High Art Meets the High Street
Fast fashion retailers are exploiting increased public interest in contemporary art with a slew of artist collaborations. Is it working?
When High Art Meets the High Street
Fast fashion retailers are exploiting increased public interest in contemporary art with a slew of artist collaborations. Is it working?
News & Analysis
Boohoo Enters Bid for Nasty Gal
The UK-based fast fashion e-tailer has filed a petition to incorporate Nasty Gal, Inc. in the United Kingdom, BoF has learned.
Boohoo Enters Bid for Nasty Gal
The UK-based fast fashion e-tailer has filed a petition to incorporate Nasty Gal, Inc. in the United Kingdom, BoF has learned.
The News in Brief
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Shares Dive as Sales and Chinese Weakness Disappoint
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.