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
Global Markets
Giordano’s Sales, Profit Grow as Move Upmarket Gains Pace
The Hong Kong-listed fashion retail group says it is working to change consumer perception that it’s a budget brand.
Giordano’s Sales, Profit Grow as Move Upmarket Gains Pace
The Hong Kong-listed fashion retail group says it is working to change consumer perception that it’s a budget brand.
Global Markets
Myer’s Share Price Soars After Rare Dividend Promise
The Australian department store operator today revealed a six-month profit of AU$32.3 million ($23.7 million) on sales of AU$1.52 billion and confirmed it would pay its first dividend since 2017.
Myer’s Share Price Soars After Rare Dividend Promise
The Australian department store operator today revealed a six-month profit of AU$32.3 million ($23.7 million) on sales of AU$1.52 billion and confirmed it would pay its first dividend since 2017.
Beauty
Can Refillable Beauty Go Mainstream?
Chanel, Dries Van Noten and Target are debuting beauty products that are meant to be replenished, in a sign that the concept may be starting to catch on.
Can Refillable Beauty Go Mainstream?
Chanel, Dries Van Noten and Target are debuting beauty products that are meant to be replenished, in a sign that the concept may be starting to catch on.
Global Markets
Uniqlo Pressured to Halt Russia Sales After CEO Vows to Stay
Uniqlo owner Fast Retailing Co. faces mounting pressure over its plans to keep operating stores in Russia, even as other global retailers pause sales in the country over President Vladimir Putin’s invasion of Ukraine.
Uniqlo Pressured to Halt Russia Sales After CEO Vows to Stay
Uniqlo owner Fast Retailing Co. faces mounting pressure over its plans to keep operating stores in Russia, even as other global retailers pause sales in the country over President Vladimir Putin’s invasion of Ukraine.
Retail
Kohl’s Says Adviser Goldman Has Talked to 20 Potential Buyers
Some of those parties have entered into confidentiality agreements with the company and have been provided access to a data room and management presentations, and have been invited to submit proposals to acquire the company, Kohl’s said.
Kohl’s Says Adviser Goldman Has Talked to 20 Potential Buyers
Some of those parties have entered into confidentiality agreements with the company and have been provided access to a data room and management presentations, and have been invited to submit proposals to acquire the company, Kohl’s said.
Global Markets
Galeries Lafayette to Make Macau Debut
The store is one of six retail and lifestyle brands new to Macau that will anchor a five-star hotel and shopping precinct.
Galeries Lafayette to Make Macau Debut
The store is one of six retail and lifestyle brands new to Macau that will anchor a five-star hotel and shopping precinct.
Workplace & Talent
Can Store Associates Work Remotely?
Flex schedules and remote work have fast become the standard among corporate workers but retailers have struggled to bring these opportunities to hourly jobs.
Can Store Associates Work Remotely?
Flex schedules and remote work have fast become the standard among corporate workers but retailers have struggled to bring these opportunities to hourly jobs.
Sports
French Football Club Paris Saint-Germain to Open New York Store
The store will be operated by American retailer Lids and online sportswear retail specialist Fanatics.
French Football Club Paris Saint-Germain to Open New York Store
The store will be operated by American retailer Lids and online sportswear retail specialist Fanatics.
Global Markets
Uniqlo Owner Pledges to Stay in Russia as Wave of Companies Exit
Fast Retailing Co., Asia’s largest retailer and parent of Uniqlo, will continue to operate in Russia even as international pressure to isolate the country for its invasion of Ukraine sees waves of companies pull out.
Uniqlo Owner Pledges to Stay in Russia as Wave of Companies Exit
Fast Retailing Co., Asia’s largest retailer and parent of Uniqlo, will continue to operate in Russia even as international pressure to isolate the country for its invasion of Ukraine sees waves of companies pull out.
Global Markets
Ukraine War: Prada, Moncler and Hermès to Suspend Retail in Russia
Companies are also continuing to pledge humanitarian aid, while the LVMH Prize said it will offer support to its three former semi-finalists from Ukraine Friday.
Ukraine War: Prada, Moncler and Hermès to Suspend Retail in Russia
Companies are also continuing to pledge humanitarian aid, while the LVMH Prize said it will offer support to its three former semi-finalists from Ukraine Friday.
Retail
What Do Activist Investors Want From Fashion?
The arrival of an activist investor can cause a brand's stock to soar, but they can also trigger unpredictable battles over a company’s future.
What Do Activist Investors Want From Fashion?
The arrival of an activist investor can cause a brand's stock to soar, but they can also trigger unpredictable battles over a company’s future.
Retail
Gap Expects Strong Earnings as Apparel Demand Rebounds, Shares Jump
Gap Inc. on Thursday forecast annual earnings above estimates, betting on strong demand for jeans and shirts from its Old Navy and Athleta brands as a decline in Omicron cases encourage Americans to venture out more.
Gap Expects Strong Earnings as Apparel Demand Rebounds, Shares Jump
Gap Inc. on Thursday forecast annual earnings above estimates, betting on strong demand for jeans and shirts from its Old Navy and Athleta brands as a decline in Omicron cases encourage Americans to venture out more.
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.