Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
stores
Sports
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Retail
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
Retail
Inditex’s First Half Sales Surge Ahead of Potential Slowdown
In the first set of results since its founder’s daughter, Marta Ortega, took over as new non-executive chairman, the company said revenue for the period rose to €14.84 billion ($14.82 billion) from €11.9 billion a year earlier.
Inditex’s First Half Sales Surge Ahead of Potential Slowdown
In the first set of results since its founder’s daughter, Marta Ortega, took over as new non-executive chairman, the company said revenue for the period rose to €14.84 billion ($14.82 billion) from €11.9 billion a year earlier.
Retail
Why the Retail Renaissance Can’t Last Forever
Rents plummeted during the pandemic, allowing brands to open thousands of new stores this year. But on the hottest streets, the deals are over and bidding wars have begun.
Why the Retail Renaissance Can’t Last Forever
Rents plummeted during the pandemic, allowing brands to open thousands of new stores this year. But on the hottest streets, the deals are over and bidding wars have begun.
Beauty
Spanish Retailer DIA Considers Sale of Clarel Perfume Stores
DIA last month agreed to sell 235 stores to French privately-owned retailer Auchan for an undisclosed amount.
Spanish Retailer DIA Considers Sale of Clarel Perfume Stores
DIA last month agreed to sell 235 stores to French privately-owned retailer Auchan for an undisclosed amount.
Luxury
Case Study | Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
Case Study | Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
Luxury
Paris’s Printemps Plans Luxury Department Store on Wall Street
Printemps plans to open a two-level store with more than 54,000 square feet of space at New York’s One Wall Street in spring 2024.
Paris’s Printemps Plans Luxury Department Store on Wall Street
Printemps plans to open a two-level store with more than 54,000 square feet of space at New York’s One Wall Street in spring 2024.
Retail
How Banana Republic Became a Bright Spot in Gap Inc.’s Portfolio
The mall retailer saw sales rise after swapping generic office clothes for a stronger point-of-view inspired by its safari-themed origins. The new look wasn’t for everyone – and that was the point.
How Banana Republic Became a Bright Spot in Gap Inc.’s Portfolio
The mall retailer saw sales rise after swapping generic office clothes for a stronger point-of-view inspired by its safari-themed origins. The new look wasn’t for everyone – and that was the point.
Retail
Why Kate Spade Doesn’t Need a Creative Director
Under CEO Liz Fraser, the Tapestry-owned handbag brand has hired two new designers and plans to expand its lifestyle offerings once again.
Why Kate Spade Doesn’t Need a Creative Director
Under CEO Liz Fraser, the Tapestry-owned handbag brand has hired two new designers and plans to expand its lifestyle offerings once again.
Technology
How Fashion’s Relationship With Buy Now, Pay Later Is Changing
Retailers signed on with buy now pay later services to draw new shoppers and convince them to spend more. Some are having second thoughts about what happens to those customers’ data once they click purchase.
How Fashion’s Relationship With Buy Now, Pay Later Is Changing
Retailers signed on with buy now pay later services to draw new shoppers and convince them to spend more. Some are having second thoughts about what happens to those customers’ data once they click purchase.
Retail
Nordstrom Falls After Cutting Its Full-Year Earnings Forecast
The department-store operator lowered its forecast for full-year sales to a range of 5 percent to 7 percent.
Nordstrom Falls After Cutting Its Full-Year Earnings Forecast
The department-store operator lowered its forecast for full-year sales to a range of 5 percent to 7 percent.
Retail
Macy’s Warns of Discounts Hitting Annual Profit as Inflation Saps Demand
The company joined other top retailers, including rival Kohl’s Corp, in warning of a hit to profitability in recent weeks, as soaring prices of everyday goods made Americans wary of spending on apparel and other discretionary items.
Macy’s Warns of Discounts Hitting Annual Profit as Inflation Saps Demand
The company joined other top retailers, including rival Kohl’s Corp, in warning of a hit to profitability in recent weeks, as soaring prices of everyday goods made Americans wary of spending on apparel and other discretionary items.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.