Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
millennials
Marketing
Condé Nast Eyes Digital Viewers with Virtual Reality, Scripted Shows
Condé Nast Entertainment will unveil two original virtual reality series for the upcoming year at its Tuesday presentation before advertisers at the Newfronts, an annual digital content showcase in New York.
Retail
Retailers Urged to Ditch Millennials in Favour of Older Shoppers
Retailers should stop wasting so much time trying to win over millennials because they’re often broke. Instead, they should target older shoppers with more money to spend.
Financial Markets
Aeropostale Raises Outlook as Shares Jump
Shares of teen retailer Aeropostale jumped in aftermarket trading Monday after the company reported stronger-than-expected sales in the fourth quarter.
China
The China Edit | Alibaba, Konzepp, Apple, Millennials
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Financial Markets
American Eagle, Aeropostale Lift Estimates for Holiday Quarter
Teen apparel retailers American Eagle Outfitters Inc. and Aeropostale Inc. raised their estimates for the holiday shopping quarter as margins improved due to fewer discounts.
Global Markets
Teen Retailers in Trouble as Malls Lose Luster
The decline of the American mall is threatening to create more retail victims in 2015 as stores that count on enclosed shopping centres for foot traffic find they’re increasingly isolated from consumers.
Retail
Abercrombie’s Next CEO Will Have to Revamp Outdated Brand, Again
NEW ALBANY, United States — Abercrombie & Fitch Co., a former purveyor of safari gear that was reborn as a teen clothing chain, is searching for its
Retail
Apparel Retailer Delia's to File for Bankruptcy
Delia's Inc. said it was liquidating assets and would file for Chapter 11 bankruptcy protection "in the very near term," becoming the second teen retailer to go out of business in as many days.
Retail
Can Teen Retailers Turn Things Around?
It’s no secret that the big three American specialty teen retailers — Abercrombie & Fitch, Aéropostale and American Eagle — are in deep trouble. What can they do to save themselves?
China
The China Edit | Luxury Slowdown, Alipay's EPass, Versace, Hermès
" The Asian Luxury Market Is Stumbling" (AFP) "Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand:
Retail
Retailers Shift Strategy to Court Millennials
Recent surveys have found that members of the U.S. Millennial Generation — the roughly 80 million Americans born between 1977 and 2000 — pride themselves on their individuality, and shop accordingly.
News & Analysis
Millennials Shunning Malls Speed Web Shopping Revolution
NEW YORK, United States — CJ Chu is a retailer's nightmare. The 24-year-old associate for a private-equity firm does "99 percent" of his shopping
The News in Brief
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
Indian Fashion Retailer Trent Jumps as Quarterly Profits, Sales Rise
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Textured Haircare Brand The Mane Choice Names New CEO
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.