Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
stores
Luxury
As Travel Booms, Fashion’s Hospitality Ambitions Heat Up
As travel bounces back after two-plus years of limited trips, fashion-branded hotels have gained fresh momentum.
As Travel Booms, Fashion’s Hospitality Ambitions Heat Up
As travel bounces back after two-plus years of limited trips, fashion-branded hotels have gained fresh momentum.
Luxury
UK Luxury Brands Urge Government to Bring Back Tax-Free Shopping
Scrapping tax from purchases will trigger an extra £1.2 billion ($1.5 billion) in annual retail sales and attract an additional 600,000 visitors to the country, according to Walpole, a group representing the UK luxury industry.
UK Luxury Brands Urge Government to Bring Back Tax-Free Shopping
Scrapping tax from purchases will trigger an extra £1.2 billion ($1.5 billion) in annual retail sales and attract an additional 600,000 visitors to the country, according to Walpole, a group representing the UK luxury industry.
Global Markets
Russians Turn To Domestic Clothing Brands Amid Western Exodus
Sales of clothes, footwear and accessories by Russian brands and manufacturers were 2.6 times higher in March and April than in the same months last year, Ozon, Russia’s second-largest e-commerce platform, said.
Russians Turn To Domestic Clothing Brands Amid Western Exodus
Sales of clothes, footwear and accessories by Russian brands and manufacturers were 2.6 times higher in March and April than in the same months last year, Ozon, Russia’s second-largest e-commerce platform, said.
Retail
Ross Stores Plunges as Discount Retailer Cuts Profit, Sales Outlook
Ross said it sees the key retail metric of comparable sales falling 2 percent to 4 percent for the year, versus previous guidance of unchanged to a gain of as much as 3 percent. It also trimmed its forecast for earnings per share.
Ross Stores Plunges as Discount Retailer Cuts Profit, Sales Outlook
Ross said it sees the key retail metric of comparable sales falling 2 percent to 4 percent for the year, versus previous guidance of unchanged to a gain of as much as 3 percent. It also trimmed its forecast for earnings per share.
Retail
Century 21 Will Reopen Next Spring in Same Lower Manhattan Location
The beloved discount department store will return to its iconic location in the Financial District in spring 2023, the company announced Tuesday, Mar. 17.
Century 21 Will Reopen Next Spring in Same Lower Manhattan Location
The beloved discount department store will return to its iconic location in the Financial District in spring 2023, the company announced Tuesday, Mar. 17.
Luxury
How Luxury Brands Court the 1 Percent
Lately, the game of attracting very important clients, or VICs, has kicked into high gear, as brands are acutely aware that wealthy shoppers are hungry for both luxury products and elaborate experiences post-Covid.
How Luxury Brands Court the 1 Percent
Lately, the game of attracting very important clients, or VICs, has kicked into high gear, as brands are acutely aware that wealthy shoppers are hungry for both luxury products and elaborate experiences post-Covid.
Sports
How to Open a Store in 2022
From seamless online-to-offline offerings to Metaverse-inspired installations, the standards of brick-and-mortar retail have evolved since the pandemic struck.
How to Open a Store in 2022
From seamless online-to-offline offerings to Metaverse-inspired installations, the standards of brick-and-mortar retail have evolved since the pandemic struck.
Technology
Luxury’s Customer Experience Is Getting a Tech Upgrade
Far from replacing the personal, face-to-face service at the heart of the luxury shopping experience, new technologies and digital channels are giving brands engaging and creative ways to enhance their customer relationships.
Luxury’s Customer Experience Is Getting a Tech Upgrade
Far from replacing the personal, face-to-face service at the heart of the luxury shopping experience, new technologies and digital channels are giving brands engaging and creative ways to enhance their customer relationships.
Luxury
Diesel’s Comeback Reignites Ambitions to Build an Italian Fashion Empire
OTB's flagship label Diesel is back in the fashion conversation amid a revamp by creative director Glenn Martens, who has overhauled its product offer and brought back the cheeky, transgressive marketing sensibility.
Diesel’s Comeback Reignites Ambitions to Build an Italian Fashion Empire
OTB's flagship label Diesel is back in the fashion conversation amid a revamp by creative director Glenn Martens, who has overhauled its product offer and brought back the cheeky, transgressive marketing sensibility.
Retail
Kohl’s Fends Off Activist Macellum’s Bid to Overhaul Board
Kohl’s shareholders voted against all 10 directors nominated by Macellum, according to a preliminary tally, the retailer said in a statement. Macellum wasn’t immediately available to comment.
Kohl’s Fends Off Activist Macellum’s Bid to Overhaul Board
Kohl’s shareholders voted against all 10 directors nominated by Macellum, according to a preliminary tally, the retailer said in a statement. Macellum wasn’t immediately available to comment.
China
Luxury’s New WeChat Playbook
WeChat’s role connecting brands with Chinese shoppers is evolving fast as it introduces features like e-commerce aggregation and integrated clienteling platforms.
Luxury’s New WeChat Playbook
WeChat’s role connecting brands with Chinese shoppers is evolving fast as it introduces features like e-commerce aggregation and integrated clienteling platforms.
Retail
A Clubhouse for LA’s Crypto Cool Kids
How MetaBirkins creator Mason Rothschild and partner Ericka del Rosario are harnessing web3 to make their fashion boutique more sticky.
A Clubhouse for LA’s Crypto Cool Kids
How MetaBirkins creator Mason Rothschild and partner Ericka del Rosario are harnessing web3 to make their fashion boutique more sticky.
The News in Brief
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.
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.