Apparel Retail
Lululemon used small organisms instead of fossil fuels to make the nylon for its new shirt
Lululemon’s plant-centered nylon shirt launches on its web page on Tuesday. Image courtesy Lululemon Lululemon has begun to promote shirts that are created partly with nylon produced from plant-based resources, in its place of uncooked components that arrive from the petrochemical sector, in accordance to an announcement on Tuesday. The shirts are the outcome of […]
Read More
Demand for luxury watches shows no sign of fading, says Audemars Piguet CEO
The luxury watch market is well-positioned to avoid a crash as tight supply and a new generation of young collectors drive demand, according to the CEO of Audemars Piguet. Luxury watch prices on the secondary market fell 8% last year, with some top models falling more than 20% from their peak, according to WatchCharts. Experts […]
Read More
Lululemon shares jump as holiday-quarter sales surge
A Lululemon sign is seen at a shopping mall in San Diego, California, November, 23, 2022. Mike Blake | Reuters Lululemon on Tuesday reported strong holiday-quarter sales, suggesting wealthier shoppers are still purchasing yoga pants and tops despite rising prices for essential goods. The company also issued upbeat guidance for its new fiscal year. Shares […]
Read More
Millennials plan to stick with online shopping even as stores rebound, new survey finds
People walk by empty retail space in lower Manhattan on April 17, 2017 in New York City. Spencer Platt | Getty Images Millennials have big plans for the year ahead, at least when it comes to their online shopping habits. Over 27% of millennials plan to spend “significantly more” online and less in-store this year, […]
Read More
Secondhand resale is getting cutthroat as platforms like Depop and Poshmark boom
The Depop application on a smartphone arranged on Wednesday, June 2, 2021. Gabby Jones | Bloomberg | Getty Images Six months after launching his secondhand clothing shop on digital marketplace Depop in 2020, Blake Robertson, a 15-year-old high schooler at the time, received a death threat from a customer. It came via Instagram, from someone […]
Read More
Nike’s holiday quarter plagued by bloated inventory, weak China sales
People wearing protective face masks walk past the closed Nike store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in New York City, May 11, 2020. Mike Segar | Reuters Nike easily beat Wall Street’s expectations for its holiday quarter earnings and revenue, though its bloated inventory continued to weigh on its […]
Read More
Foot Locker touts ‘renewed’ Nike relationship as it reports slide in holiday-quarter profit
Foot Locker plans to open dozens of Power stores across the U.S. over the next few years. Source: Foot Locker Foot Locker CEO Mary Dillon on Monday touted a “renewed” and revitalized relationship with Nike, including an emphasis on what she called “sneaker culture.” Shares of Foot Locker rose about 4%. The sneaker and athletic-apparel […]
Read More
China’s Shein set to increase $2 billion in new funding spherical, aims for U.S. IPO later on this calendar year, resources say
Clients maintain shopping bags exterior the Shein Tokyo showroom in Tokyo on Nov. 13, 2022. Reuters experiences the speedy style retailer is concentrating on a U.S. IPO in the next 50 percent of 2023. Noriko Hayashi | Bloomberg | Getty Illustrations or photos Chinese on the internet trend retailer Shein is set to raise all […]
Read More
Adidas warns of first annual loss in three decades and cuts dividend after Ye split
“The numbers speak for themselves. We are currently not performing the way we should”, Adidas CEO Bjørn Gulden said in a press release. Jeremy Moeller / Contributor / Getty Images Adidas on Wednesday reported a big fourth-quarter loss and slashed its dividend after the costly termination of its partnership with Kanye West’s Yeezy brand in […]
Read More
Jefferies downgrades American Eagle Outfitters, sees the apparel stock struggling in a recession
American Eagle Outfitters could be in trouble going forward, according to Jefferies. Analyst Randal J. Konik downgraded the retailer to hold from buy. The analyst sees the stock underperforming in a likely recession and resulting slowdown in consumer spending. He also lowered his price target to $16 from $18. The new target is just below […]
Read More