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.
supply-chain
Retail
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
Puma Sales Reach Record as Shoe Demand Overcomes Covid Snags
Puma said sales reached a record €6.8 billion ($7.7 billion) in 2021, up 32 percent on a constant-currency basis.
Topics
Advocacy Groups Push to Toughen New York Fashion Act
A group of 20 human rights, labour and fashion sustainability organisations are lobbying to extend the proposed legislation’s reach beyond greater disclosure.
Advocacy Groups Push to Toughen New York Fashion Act
A group of 20 human rights, labour and fashion sustainability organisations are lobbying to extend the proposed legislation’s reach beyond greater disclosure.
Sustainability
Op-Ed | Why I Support New York’s Fashion Act
Voluntary corporate action to address fashion’s social and environmental impact is not working, argues Ken Pucker.
Op-Ed | Why I Support New York’s Fashion Act
Voluntary corporate action to address fashion’s social and environmental impact is not working, argues Ken Pucker.
Retail
US Holiday Sales Endure Supply Chain, Omicron Snags to Hit $887 Billion
US holiday sales hit a record $886.7 billion in 2021 as people rushed to buy gifts online and in stores amid a jump in Covid-19 cases and supply chain issues that threatened to upend the crucial shopping season.
US Holiday Sales Endure Supply Chain, Omicron Snags to Hit $887 Billion
US holiday sales hit a record $886.7 billion in 2021 as people rushed to buy gifts online and in stores amid a jump in Covid-19 cases and supply chain issues that threatened to upend the crucial shopping season.
Retail
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
Global Markets
Thai Textile Exports Surge as Foreign Demand Returns
Brands in Europe and the US are increasing orders from Thai suppliers but companies in other apparel-producing countries in Asia are driving the recent spike in demand.
Thai Textile Exports Surge as Foreign Demand Returns
Brands in Europe and the US are increasing orders from Thai suppliers but companies in other apparel-producing countries in Asia are driving the recent spike in demand.
Retail
Uniqlo Owner’s Profits Boosted by Overseas Surge as Japan Sales Fall
Japan’s Fast Retailing, owner of clothing brand Uniqlo, said on Thursday overseas markets powered profit growth in the first quarter, even as sales declined at home and in China.
Uniqlo Owner’s Profits Boosted by Overseas Surge as Japan Sales Fall
Japan’s Fast Retailing, owner of clothing brand Uniqlo, said on Thursday overseas markets powered profit growth in the first quarter, even as sales declined at home and in China.
Retail
Asos Hit by Supply Chain Disruption, Volatile Christmas Demand
Asos reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period.
Asos Hit by Supply Chain Disruption, Volatile Christmas Demand
Asos reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period.
Retail
Online Holiday Spending in the US Grew at the Slowest Rate in Years
Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
Online Holiday Spending in the US Grew at the Slowest Rate in Years
Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
Retail
American Eagle Signals Weak Revenue Growth in Holiday Quarter
American Eagle Outfitters Inc signalled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge.
American Eagle Signals Weak Revenue Growth in Holiday Quarter
American Eagle Outfitters Inc signalled its revenue growth in the holiday quarter was hampered by supply chain snarls and disruptions caused by the Omicron surge.
Retail
Lululemon Falls After Warning Omicron to Hit Sales, Earnings
Lululemon Athletica Inc. shares tumbled after the company warned that financial results will come at the low end of previous guidance, saying the Omicron coronavirus variant was constraining its operations.
Lululemon Falls After Warning Omicron to Hit Sales, Earnings
Lululemon Athletica Inc. shares tumbled after the company warned that financial results will come at the low end of previous guidance, saying the Omicron coronavirus variant was constraining its operations.
Sustainability
New York Fashion Act to Test Brands’ Appetite for Sustainability Regulation
Stella McCartney is among the backers of a new bill before the New York State Assembly that could step up disclosure and due diligence requirements for brands operating in the key market.
New York Fashion Act to Test Brands’ Appetite for Sustainability Regulation
Stella McCartney is among the backers of a new bill before the New York State Assembly that could step up disclosure and due diligence requirements for brands operating in the key market.
The News in Brief
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.
Fabletics Seeks to Double Revenue to $2 Billion in Global Expansion
The US-based activewear brand plans to double annual revenue to $2 billion within five years, in part by opening dozens of new stores in markets such as India, Mexico and the United Arab Emirates.