Amorepacific Third-Quarter Revenue Rises 11%, Overseas Growth Cools
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.
Levi Strauss and Co
Latest News & Analysis
News & Analysis
Should Brands Play Politics?
This week, the question was more pressing than ever as a US presidential election, which has dominated the divided country’s cultural conversation this year, approached an end.
Retail
US Retailers Tiptoe Into the Holiday Season Blind and Weary
The season represents about 20 percent of annual retail sales each year, and stores need some relief after enduring months of turmoil as the health crisis roiled the world economy.
Retail
Levi Strauss Warns of Weak Sales Growth in Second Half of 2020
The denim brand reported a 62 percent drop in net revenue in the second quarter and said it will cut 700 jobs in order to save $100 million annually.
Retail
Weakened Demand at Stores Signals More Trouble for Garment Suppliers
With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year.
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News & Analysis
It’s Time for Fashion to Clean Up Its Act. Please Join Us.
You’re invited to the BoF Professional Summit on How to Build a Responsible Fashion Business, broadcast live on 17 June 2020.
Marketing
For Brands Boycotting Facebook, Here's Where to Put Your Marketing Dollars
From billboards to Pinterest, there are new opportunities for brands looking to get a bigger bang for their advertising buck.
Retail
Levi's Returns to Life in China as Stores Reopen, Online Sales Rise
But the American company is facing a mounting crisis at home, where it will furlough all its retail store staff.
News & Analysis
When Every Day Is a Sale, Stores Struggle to Catch Shoppers’ Eye
As American parents are expected to spend $507 on average on school-related items in the upcoming season, retailers are urged to look towards consumers for product cues.
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China
Why H&M Is Using Kung Fu to Boost Its Business
With its latest martial arts-inspired collaboration, the brand joins the ranks of Converse, Swarovski and Levi’s as more global players partner with Chinese designers in the hopes of boosting profits. Will it work?
News & Analysis
Levi’s Shares Fall to Record Low
Shares of the denim company sank as much as 6.6 percent after Goldman Sachs issued its first sell rating.
News & Analysis
How Levi's Sells a Logo Tee a Second
For most of its 166-year history, Levi’s was known solely for its jeans. But in the last few years it’s built T-shirts and tops into a $1 billion business.
Financial Markets
Levi Strauss Falls, Profit Declines as Company Spends to Grow
Earnings slipped 21 percent from the prior year, affected by $29 million of expenses associated with Levi's IPO.
The News in Brief
Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.