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.
sports
Marketing
Forty Years After Pele, Under Armour Sponsors New York Cosmos
Under Armour Inc. has agreed to become a sponsor of the New York Cosmos, a North American Soccer League franchise best known for Pele’s stint with the team in the 1970s.
Marketing
Adidas Makes Late Sprint in Crowded Race to Sell Women Sneakers
Adidas is designing more sneakers, jackets and other garments specifically for women’s sports as part of a turnaround attempt after several years of mixed performance.
News & Analysis
Adidas, Asics, Under Armour Spend $1 Billion on Fitness Apps
Alongside sneakers, gym shorts, and yoga pants, sportswear brands are adding one more must-have to their list of products: workout apps.
Global Markets
Rich Chinese Splurge on Sportswear as Luxury's Lustre Dims
GPS sport watches, compression leggings and hydration packs are the new must-haves for wealthy Chinese, pumping up the multi-billion dollar sportswear industry at a time when China's elite are reining in spending on more traditional luxury brands.
Fashion Week
Sportswear Is Officially Too Popular for Haute Couture to Ignore
Slowly, sporty garments crept onto men's and women's ready-to-wear runway shows, a trend powerful enough to go upstream rather than trickle down.
Marketing
Why Under Armour Is Paying Big Ten Money to Sponsor Yale Sports
Under Armour Inc. has signed a deal to outfit the Yale University athletics department, marking the company's first all-sports partnership with an Ivy League institution.
Marketing
Japan Tennis Ace Nishikori Said to Renew Uniqlo Endorsement Deal
Japanese tennis star Kei Nishikori renewed his endorsement deal with Fast Retailing Co.’s Uniqlo clothing brand, according to two people familiar with the agreement.
Financial Markets
Sports Direct Tumbles as Stagnant Sales Raise Strategy Doubts
Sports Direct International Plc shares fell the most in more than four years after sales growth stagnated, raising concern that the retailer’s own brands are losing out to exclusive labels from Nike Inc. and Adidas AG.
News & Analysis
Nike Authorises $12 Billion Shares Buyback, Plan to Split Stock
Nike Inc., the world’s largest sporting-goods company, approved a new $12 billion stock buyback plan and said it would split its shares 2-for-1.
News & Analysis
Adidas Helps High Schools Redesign Offensive Mascots
The company said there are roughly 2,000 schools that have logos or mascots that are offensive to tribal communities.
News & Analysis
How NBA Star Russell Westbrook Is Changing How Men’s Fashion Works
Once mocked for his garish outfits and lenseless eyeglasses, the Oklahoma City point guard is designing clothes for Barneys and updating the way Nike markets to men.
Financial Markets
Nike Expects Sales to Accelerate, Hitting $50 Billion by 2020
Nike Inc. projected that sales gains will accelerate in the next five years, with revenue hitting $50 billion in 2020 as its women’s business doubles.
The News in Brief
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.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.