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
Retail
Saving Fashion an Arm and a Leg (and Some Torsos Too)
Mannequin Madness is a company that salvages 60 tons of plastic and fibreglass figurines every year, highlighting an oft-overlooked area of sustainability in the industry.
Saving Fashion an Arm and a Leg (and Some Torsos Too)
Mannequin Madness is a company that salvages 60 tons of plastic and fibreglass figurines every year, highlighting an oft-overlooked area of sustainability in the industry.
Global Markets
South Africa’s Pepkor Acquires Brazilian Retailer Avenida
Africa’s largest clothing retailer has acquired a majority stake in Brazilian retailer Grupo Avenida.
South Africa’s Pepkor Acquires Brazilian Retailer Avenida
Africa’s largest clothing retailer has acquired a majority stake in Brazilian retailer Grupo Avenida.
Luxury
The Nine Lives of Proenza Schouler
What happened to the most promising brand in American fashion?
The Nine Lives of Proenza Schouler
What happened to the most promising brand in American fashion?
Global Markets
Russian Retailer OR Group Defaults on $7 Million Bond Repayment
The shoe retailer and e-commerce marketplace owner has defaulted on bonds valued at 592 million roubles ($7.7 million).
Russian Retailer OR Group Defaults on $7 Million Bond Repayment
The shoe retailer and e-commerce marketplace owner has defaulted on bonds valued at 592 million roubles ($7.7 million).
Retail
How Fashion Brands Should Talk About Inflation
The growing price of raw materials and ongoing supply chain disruptions are eating into companies’ bottom lines. Here’s how brands can navigate potential price increases.
How Fashion Brands Should Talk About Inflation
The growing price of raw materials and ongoing supply chain disruptions are eating into companies’ bottom lines. Here’s how brands can navigate potential price increases.
Retail
Kohl’s Rejects Takeover Offers as Too Low and Hires Bankers
Kohl’s Corp. said Friday it has rejected the takeover offers it has received as too low and has engaged bankers to field interest in the company.
Kohl’s Rejects Takeover Offers as Too Low and Hires Bankers
Kohl’s Corp. said Friday it has rejected the takeover offers it has received as too low and has engaged bankers to field interest in the company.
Luxury
Ralph Lauren Is ‘Back on Offense’ After Years of Restructuring
The apparel company opened new stores in the US last quarter for the first time in more than five years and is targeting further expansion in southern states and on the West Coast.
Ralph Lauren Is ‘Back on Offense’ After Years of Restructuring
The apparel company opened new stores in the US last quarter for the first time in more than five years and is targeting further expansion in southern states and on the West Coast.
Retail
American Dream Mall Drains Reserves to Pay Muni Bonds
The 3.5-million-square-foot shopping and entertainment complex nearly emptied a reserve account to make a $9.3 million payment due Tuesday on about $290 million of debt supported by sales tax receipts, according to a securities filing.
American Dream Mall Drains Reserves to Pay Muni Bonds
The 3.5-million-square-foot shopping and entertainment complex nearly emptied a reserve account to make a $9.3 million payment due Tuesday on about $290 million of debt supported by sales tax receipts, according to a securities filing.
Global Markets
Japan’s Seven & I Holdings to Sell Sogo & Seibu Department Stores
The move is part of the Japanese retailer’s strategy to shift its focus to its highly-profitable convenience store unit, 7-Eleven Japan Co., according to local sources.
Japan’s Seven & I Holdings to Sell Sogo & Seibu Department Stores
The move is part of the Japanese retailer’s strategy to shift its focus to its highly-profitable convenience store unit, 7-Eleven Japan Co., according to local sources.
China
The Unsung Employees Behind China’s Luxury Retail Boom
Local sales assistants are incredibly valuable to brands in China, but some say they have too much leverage over VIP clients.
The Unsung Employees Behind China’s Luxury Retail Boom
Local sales assistants are incredibly valuable to brands in China, but some say they have too much leverage over VIP clients.
Global Markets
Lunar New Year, the Beijing Olympics and Fashion’s Complicated Opportunity in China
This week, everyone will be talking about the start of the Lunar New Year and Winter Olympics, Estee Lauder’s outlook for the beauty market and the latest data on retail’s labour shortage.
Lunar New Year, the Beijing Olympics and Fashion’s Complicated Opportunity in China
This week, everyone will be talking about the start of the Lunar New Year and Winter Olympics, Estee Lauder’s outlook for the beauty market and the latest data on retail’s labour shortage.
China
Mall Owner Hang Lung Properties Saw Rental Income Rise 31% in Mainland China Last Year
The Hong Kong-based property group reported revenue of HK $10.32 billion ($1.34 billion) and operating profit of HK $7.37 billion ($958 million) last year, up 15 percent and 14 percent respectively.
Mall Owner Hang Lung Properties Saw Rental Income Rise 31% in Mainland China Last Year
The Hong Kong-based property group reported revenue of HK $10.32 billion ($1.34 billion) and operating profit of HK $7.37 billion ($958 million) last year, up 15 percent and 14 percent respectively.
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.