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
Making Sense of This Year’s Black Friday Sales
Consumers began shopping for gifts earlier than usual this year, leading to a lacklustre Thanksgiving weekend — but likely stronger holiday spending overall.
Making Sense of This Year’s Black Friday Sales
Consumers began shopping for gifts earlier than usual this year, leading to a lacklustre Thanksgiving weekend — but likely stronger holiday spending overall.
Retail
Walmart, Gap, Nordstrom Unnerve Investors Ahead of Crucial Holiday Season
Big retailers are feeling the pressure from supply chain disruptions and rising costs.
Walmart, Gap, Nordstrom Unnerve Investors Ahead of Crucial Holiday Season
Big retailers are feeling the pressure from supply chain disruptions and rising costs.
Retail
US Online Spending Has Surged 20% This Month in Sign of Early Shopping
Online consumer spending jumped 20 percent this month through Tuesday in a sign that holiday shopping has started early, according to the Adobe Digital Economy Index.
US Online Spending Has Surged 20% This Month in Sign of Early Shopping
Online consumer spending jumped 20 percent this month through Tuesday in a sign that holiday shopping has started early, according to the Adobe Digital Economy Index.
Retail
Mulberry Gears up for Christmas as Sales Rise to Pre-Pandemic Levels
Mulberry said on Wednesday demand for its luxury products is back at pre-pandemic levels with sales in the UK and Asia powering a 34 percent surge in first-half revenue, as it prepares to benefit from the holiday shopping season.
Mulberry Gears up for Christmas as Sales Rise to Pre-Pandemic Levels
Mulberry said on Wednesday demand for its luxury products is back at pre-pandemic levels with sales in the UK and Asia powering a 34 percent surge in first-half revenue, as it prepares to benefit from the holiday shopping season.
Retail
Mall Brands Plunge as Gap, Nordstrom Add to Worries
Mall staples Gap Inc. and Nordstrom Inc. tumbled after reporting disappointing results, adding to a series of worrisome retail earnings and renewing concerns over the global supply chain crisis.
Mall Brands Plunge as Gap, Nordstrom Add to Worries
Mall staples Gap Inc. and Nordstrom Inc. tumbled after reporting disappointing results, adding to a series of worrisome retail earnings and renewing concerns over the global supply chain crisis.
Retail
American Eagle Outfitters Holiday Inventory Balloons, Sales Impress
American Eagle Outfitters Inc said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on air freight to overcome supply chain disruptions, after posting better-than-expected quarterly results.
American Eagle Outfitters Holiday Inventory Balloons, Sales Impress
American Eagle Outfitters Inc said on Tuesday its inventory levels jumped ahead of the holiday season as it spent more on air freight to overcome supply chain disruptions, after posting better-than-expected quarterly results.
China
A Year of Hits and Misses for China’s Fashion Billionaires
Some of China’s most high-profile billionaire tech barons have seen their fortunes fade in 2021, but new business models and market trends have driven vast wealth creation for others.
A Year of Hits and Misses for China’s Fashion Billionaires
Some of China’s most high-profile billionaire tech barons have seen their fortunes fade in 2021, but new business models and market trends have driven vast wealth creation for others.
Workplace & Talent
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
Retail
Should Fashion Consider Same-Day Delivery?
Ulta and Abercrombie & Fitch are the latest retailers to offer shoppers ultra-fast delivery through partnerships with courier companies. While the service isn’t yet industry table stakes, experts say it’s an effective tool for driving loyalty.
Should Fashion Consider Same-Day Delivery?
Ulta and Abercrombie & Fitch are the latest retailers to offer shoppers ultra-fast delivery through partnerships with courier companies. While the service isn’t yet industry table stakes, experts say it’s an effective tool for driving loyalty.
Retail
The $12 Billion Start-Up Proving Wholesale Is Thriving
A $400 million investment in Faire, which pairs brands with retailers, is a sign of how multi-brand stores are here to stay after a decade where direct-to-consumer brands dominated the conversation.
The $12 Billion Start-Up Proving Wholesale Is Thriving
A $400 million investment in Faire, which pairs brands with retailers, is a sign of how multi-brand stores are here to stay after a decade where direct-to-consumer brands dominated the conversation.
Global Markets
Peru’s Biggest Fashion Trade Shows Push Appeal of Alpaca Products
Peru Moda Deco and Alpaca Fiesta, Peru’s most important fashion and textile trade shows, closed on Friday after several weeks of digital events bringing together all links in the textile and alpaca value chains.
Peru’s Biggest Fashion Trade Shows Push Appeal of Alpaca Products
Peru Moda Deco and Alpaca Fiesta, Peru’s most important fashion and textile trade shows, closed on Friday after several weeks of digital events bringing together all links in the textile and alpaca value chains.
Global Markets
West African Textile Industry Poised to Benefit from Ethiopia Sanctions
Ethiopia, home to one of Africa’s largest textile industries, will be removed as a beneficiary of the US African Growth and Opportunity Act (AGOA)
West African Textile Industry Poised to Benefit from Ethiopia Sanctions
Ethiopia, home to one of Africa’s largest textile industries, will be removed as a beneficiary of the US African Growth and Opportunity Act (AGOA)
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.