Apparel Retail
Primark boss Marchant resigns after ‘error of judgment’ with a woman
Primark store at the Queens Center mall in Elmhurst, NY. Melissa Repko | CNBC The head of fast fashion chain Primark, Paul Marchant, has resigned with immediate effect after he admitted to an “error of judgment” towards a woman in a social situation late last year. Parent-company Associated British Foods said in a statement on Monday […]
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Lululemon beats on earnings but issues underwhelming guidance
Lululemon store in Manhattan, New York City, U.S., on July 15, 2024. Beata Zawrzel | Nurphoto | Getty Images Lululemon beat Wall Street expectations for fiscal fourth-quarter earnings and revenue, but issued 2025 guidance that disappointed analysts. Shares of the apparel company fell about 6% in extended trading. Here’s how the company did compared with […]
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Kohl’s shares plunge 15% as retailer gives rough outlook for the year ahead
Kohl’s posted an earnings and revenue beat for the fourth quarter on Tuesday, but its stock plunged as it issued much worse-than-expected guidance for the year ahead. Shares of the company fell more than 15% in early trading on Tuesday. For 2025, Kohl’s expects revenue to fall 5% to 7%, compared with Wall Street estimates […]
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As the war on DEI intensifies, some companies hold the line while others work behind the scenes
President Donald Trump speaks during a press conference at the White House in Washington, D.C., Jan. 30, 2025. Xinhua News Agency | Xinhua News Agency | Getty Images There’s a delicate balance playing out at corporations across America. As the Trump administration targets diversity, equity and inclusion initiatives, many prominent companies have publicly scaled back […]
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Puma challenges Tiger Woods’ Sun Day Red logo
Puma logo (L) and Sun Day Red Tiger logo (R) Source: U.S. Patent and Trademark Office Sun Day Red is not out of the woods yet in regard to trademarking its logo. Footwear giant Puma filed a last-minute notice of opposition against Tiger Woods’ logos tied to his Sun Day Red brand, according to a […]
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Shoe designer Jimmy Choo shares his views on the future of fashion — and a warning over AI
Jimmy Choo at a graduate show by students of the JCA London Fashion Academy, the design and business program he founded in 2021. Dave Benett | JCA London Fashion Academy | Getty Images From British royalty to Hollywood stars, Jimmy Choo’s luxury shoes have been worn by countless celebrities on red carpets around the world. […]
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Behind Amazon’s quiet launch of Haul, which competes with Temu in ultra-low-price items from China
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that […]
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How Vuori reached a $5.5 billion valuation by taking share from Lululemon
When athleisure brand Vuori launched in 2015, it was headquartered in a garage, sold only men’s shorts and couldn’t get investors to give it the time of day. Now, the Carlsbad, California, retailer is expanding globally, backed by a string of marquee investors including General Atlantic, SoftBank and Norwest Venture Partners, after raising $825 million […]
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Women’s basketball league Unrivaled signs uniform deal with Under Armour
The interior of an Under Armour store is seen on November 03, 2021 in Houston, Texas. Brandon Bell | Getty Images The pieces are coming together for the startup basketball league Unrivaled. The 3×3 women’s hoops league announced Tuesday that it has signed a multiyear deal for Under Armour to become its official uniform partner […]
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LSU star Flau’jae Johnson continues NIL success, signs equity deal with women’s basketball league Unrivaled
BATON ROUGE, LOUISIANA – NOVEMBER 9: Flau’jae Johnson #4 of the LSU Tigers in action during a game against the Northwestern State Demons at the Pete Maravich Assembly Center on November 9, 2024 in Baton Rouge, Louisiana. (Photo by Kristen Young/LSU/Getty Images) Reagan Cotton/lsu | University Images | Getty Images Flau’jae Johnson has a lot […]
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