Apparel Retail
Nike CEO blames remote work for innovation slowdown, saying it’s hard to build disruptive products on Zoom
Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In an interview with CNBC’s Sara Eisen from Paris, Donahoe was asked about the company’s lack of fresh […]
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Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) Karol Serewis | Lightrocket | Getty Images Nike CEO John Donahoe acknowledged Friday that the company moved too far away from wholesale partners like Macy’s and […]
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Macy’s settles proxy fight with activist Arkhouse, adds two directors
Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Department store Macy’s on Wednesday said it had settled its proxy fight with an activist group led by Arkhouse Management, and that it would add two new directors to its 15-person board. The reshuffle moves Macy’s closer to a […]
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Nike shouldn't mess with England flag, Uk PM states immediately after new soccer package style and design
Racks of England’s new Nike developed football shirt, with the controversial St George’s cross, are displayed for sale in a central London retail store on March 22, 2024. Daniel Leal | Afp | Getty Visuals LONDON — U.K. Key Minister Rishi Sunak on Friday reported Nike was mistaken to “mess with” the structure of the […]
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Hermes lawsuit claims luxury retailer reserves its famed Birkin bags only for its greatest spenders
A lady enters the Hermes Global retail outlet on Rodeo Travel in Beverly Hills, Calif. Patrick T. Fallon | Bloomberg | Getty Images Hermes is getting focused in a new lawsuit accusing the luxurious retailer of providing its coveted Birkin purses only to consumers who have put in exorbitant quantities of dollars at the retail […]
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Gucci sales to plunge 20% in initial quarter as Kering issues scarce luxurious financial gain warning
A Gucci retail store at Harbour City searching mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Bloomberg | Getty Pictures French luxurious group Kering on Tuesday warned that Gucci income search set to drop 20% year-on-12 months in the first quarter, as declining Asia transactions go on to […]
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Adidas warns of slipping gross sales in North The united states as it carries on to promote off Yeezy stock
Adidas footwear are exhibited at a DSW retailer on January 31, 2024 in Novato, California. Justin Sullivan | Getty Photos Adidas on Wednesday warned of a profits decrease in its overstocked North American current market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral product sales in North […]
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Tiger Woods symptoms apparel and footwear offer with TaylorMade subsequent his break up with Nike
Tiger Woods and TaylorMade have made it formal. The golf good has agreed to build a new attire and footwear overall performance and way of life brand with the Carlsbad, California firm adhering to his current split with Nike. The brand, Sun Working day Crimson, will be available initially only online starting in May well. […]
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Previous Canada Primary Minister's hedge fund pushes Kohl's to provide alone: Reuters
Then Primary Minister Stephen Harper addresses supporters soon after he shed the federal election in Calgary, Alberta, October 19, 2015. Todd Korol | Toronto Star | Getty Images An activist hedge fund chaired by former Canadian Primary Minister Stephen Harper is pushing U.S. division retailer operator Kohl’s to market itself, according to individuals familiar with […]
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New Macy's CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s Herald Square, Macy’s got ready to […]
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