Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
sports
News & Analysis
Doing Business in Brazil? Team USA Learned the Hard Way
The Team USA Olympic store in Rio’s ritzy Ipanema was planned to turn Team USA into a year-round retailer, though in a country with a business culture that can leave even seasoned entrepreneurs fuming, the venture never gained traction.
News & Analysis
Nike's Stock Falls Behind Rivals Amid Rio Olympics
Nike has top billing among sports brands at the Rio Olympics, but a week into the Games, its stock is losing to Adidas and Under Armour.
News & Analysis
Nike to Stop Making Golf Equipment in Latest Blow to the Sport
Nike will stop selling golf equipment, striking another blow to a pastime hurt by slowing participation rates.
News & Analysis
Adidas Extends China Sports Push in Agreement With Billionaire
Adidas signed an agreement with billionaire Wang Jianlin’s Dalian Wanda Group to help develop soccer and basketball in China, as the German company seeks to capitalise on increasing interest in sports and fitness in the world’s most populous nation.
News & Analysis
Adidas Remixes '90s Kate Moss for Gazelle Reboot
Adidas has partnered with Kate Moss and bessnyc4 to launch its re-issued Gazelle sneakers, which some have called 'the new Stan Smiths.'
News & Analysis
Michael Kors' Formula 1 Deal Fuels $1 Billion Men's Push
Michael Kors is set to partner with the McLaren-Honda Formula 1 racing team, as part of a broader plan to combat decelerating growth by winning new customers outside its base of female handbag aficionados.
News & Analysis
Adidas to Pay 50 Million Euros a Year for Germany Sponsorship
Adidas extended its sponsorship of the German Football Association until 2022, paying about twice the amount of its previous agreement.
News & Analysis
Adidas Relies On Stars Not Soccer Teams To Sell Product
Getting soccer idols to recommend a brand’s cleats directly on Twitter and Instagram can grant more bang for the marketing buck than spiralling team sponsorships, which can top $1 billion.
News & Analysis
Nike Sticks With Tennis Star Sharapova After Drug Suspension
Nike is sticking with star Maria Sharapova after the International Tennis Federation suspended her for two years for using a performance-enhancing substance.
News & Analysis
Under Armour Plans $500 Million Bond Debut
The sportswear company that outfits Stephen Curry, Tom Brady and Notre Dame athletics is preparing its debut bond offering as a global hunt for yield pushes borrowing costs for investment-grade corporates to their lowest in more than a year.
China
Sweaty Workout Selfies Catch On as China App Fuels Fitness Boom
With at least one in four adults either overweight or obese, more upwardly mobile Chinese are beginning to value a healthy lifestyle over branded luxury goods.
News & Analysis
Under Armour and UCLA Sign Record-Breaking Deal
UCLA and Under Armour have agreed to an athletic shoe and apparel deal that will pay the school a record $280 million over 15 years.
The News in Brief
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.