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.
supply-chain
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)
Retail
Adidas Trims 2021 Forecast on Sourcing Disruptions
German sportswear company Adidas pared full-year sales and profit forecasts on Wednesday, citing sourcing disruptions and a tough market environment in China after third quarter results missed analyst expectations.
Adidas Trims 2021 Forecast on Sourcing Disruptions
German sportswear company Adidas pared full-year sales and profit forecasts on Wednesday, citing sourcing disruptions and a tough market environment in China after third quarter results missed analyst expectations.
Retail
World’s Top Shoemaker Pou Chen Faces Vietnam Labour Shortage
Taiwan’s Pou Chen Corp, the world’s largest manufacturer of branded sports footwear, is facing a labour shortage and manufacturing disruption in Vietnam, threatening its plan to return to full operation this month.
World’s Top Shoemaker Pou Chen Faces Vietnam Labour Shortage
Taiwan’s Pou Chen Corp, the world’s largest manufacturer of branded sports footwear, is facing a labour shortage and manufacturing disruption in Vietnam, threatening its plan to return to full operation this month.
Retail
Snarled Supply Chains Force Manufacturing Exodus to Balkans, Latin America
Major clothing and shoe companies are moving production to countries closer to their US and European stores.
Snarled Supply Chains Force Manufacturing Exodus to Balkans, Latin America
Major clothing and shoe companies are moving production to countries closer to their US and European stores.
Retail
UK’s Superdry Faces Weeks-Long Supply Delays at Wholesale Business
British fashion retailer Superdry said on Thursday it was facing delays of up to six weeks in despatching stock at its wholesale business ahead of the crucial holiday season due to global supply chain issues.
UK’s Superdry Faces Weeks-Long Supply Delays at Wholesale Business
British fashion retailer Superdry said on Thursday it was facing delays of up to six weeks in despatching stock at its wholesale business ahead of the crucial holiday season due to global supply chain issues.
Luxury
Capri Holdings Waves off Cost Fears With Profit Forecast Raise
Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast above Street estimates, shrugging off fears about inventory delays and higher costs, and sending its shares up about 10 percent in premarket trade.
Capri Holdings Waves off Cost Fears With Profit Forecast Raise
Michael Kors owner Capri Holdings Ltd on Wednesday raised its annual profit forecast above Street estimates, shrugging off fears about inventory delays and higher costs, and sending its shares up about 10 percent in premarket trade.
Retail
American Eagle Outfitters Acquires Quiet Logistics in $350 Million Deal
The all-cash transaction is part of the retailer’s “ongoing supply chain transformation,” it announced Tuesday, Nov. 2. The deal follows American
American Eagle Outfitters Acquires Quiet Logistics in $350 Million Deal
The all-cash transaction is part of the retailer’s “ongoing supply chain transformation,” it announced Tuesday, Nov. 2. The deal follows American
Retail
Fashion’s ‘First Mile’ Opportunity
Though poorly understood by many fashion executives and investors, upstream supply chains are a powerful lever for value creation, writes John Thorbeck in the first instalment of a new column: First Mile.
Fashion’s ‘First Mile’ Opportunity
Though poorly understood by many fashion executives and investors, upstream supply chains are a powerful lever for value creation, writes John Thorbeck in the first instalment of a new column: First Mile.
Retail
How Brands Are Convincing Shoppers to Spend Early This Holiday Season
Retailers like Target, Walmart, PacSun, Gap and Ulta are kicking off marketing campaigns or sale promotions earlier than ever in an attempt to avoid supply chain woes that could dampen holiday cheer and sales performance.
How Brands Are Convincing Shoppers to Spend Early This Holiday Season
Retailers like Target, Walmart, PacSun, Gap and Ulta are kicking off marketing campaigns or sale promotions earlier than ever in an attempt to avoid supply chain woes that could dampen holiday cheer and sales performance.
Retail
Can Asos Handle Fast Fashion’s Headwinds?
The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning profits could fall sharply this year have raised the stakes for the company’s strategy update next month.
Can Asos Handle Fast Fashion’s Headwinds?
The abrupt departure of the fast fashion e-tailer’s CEO alongside a warning profits could fall sharply this year have raised the stakes for the company’s strategy update next month.
Technology
Is Fashion Ready to Put Its Supply Chain on the Blockchain?
H&M and Kering are among the fashion players that have recently launched pilot programmes to trace their supply chains using blockchain technology.
Is Fashion Ready to Put Its Supply Chain on the Blockchain?
H&M and Kering are among the fashion players that have recently launched pilot programmes to trace their supply chains using blockchain technology.
Retail
Asos CEO Nick Beighton Steps Down as Sales Growth Slows
Beighton stepped down after 12 years at the UK online clothing retailer, which warned that sales growth is slowing amid global supply-chain disruptions.
Asos CEO Nick Beighton Steps Down as Sales Growth Slows
Beighton stepped down after 12 years at the UK online clothing retailer, which warned that sales growth is slowing amid global supply-chain disruptions.
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.