Apparel Retail
Superdry shares soar extra than 100% as firm considers heading private
Tristan Fewings/Getty Photos LONDON — Superdry shares soared much more than 100% on Friday, as the embattled British vogue retailer verified that co-founder and CEO Julian Dunkerton is thinking of having it private. The stock peaked at 48.55 pence for every share shortly right before 11 a.m. London time and was final investing at all […]
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Lululemon to launch first men's footwear line as it chases growth in crowded athletic apparel space
Canadian sportswear clothing band, Lululemon store in Hong Kong. Budrul Chukrut | Lightrocket | Getty Images Lululemon is launching its first men’s footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, […]
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Tom Brady is merging his nutrition and apparel brands with training company Nobull
Tom Brady will become the No. 2 shareholder of Nobull. Courtesy: Nobull Seven-time Super Bowl Champion Tom Brady is merging his health and nutrition company, TB12, and his apparel company, Brady, with training brand Nobull. As part of the deal, Brady will become the No. 2 shareholder in Nobull, behind BodyArmor founder Mike Repole who […]
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LVMH shares soar around 12% as earnings position to luxurious sector resilience
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks for the duration of a push meeting to existing the 2023 yearly effects of LVMH in Paris, France, January 25, 2024. Benoit Tessier | Reuters LVMH shares jumped additional than 12% on Friday early morning, immediately after the world’s greatest luxurious group posted […]
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Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering. Angela Weiss | Afp | Getty Images Birkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report since its initial public offering. […]
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Singapore readies product sales tax hike as demographic crunch looms
Folks acquire exterior the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN / AFP) (Photograph by ROSLAN RAHMAN/AFP via Getty Images) Roslan Rahman | Afp | Getty Illustrations or photos Singapore homes are bracing for a sales tax hike that normally takes impact in the new year […]
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On the internet retailer Zulily is shutting down
The Zulily headquarters in Seattle, Washington, US, on Tuesday, Dec. 12, 2023. David Ryder | Bloomberg | Getty Visuals On the web retailer Zulily is shutting down. Writing on the company’s homepage, an official said Zulily’s leadership had “designed the complicated but necessary determination to perform an orderly wind-down of the small business to increase […]
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Nike, Foot Locker shares sink after sneaker maker cuts revenue outlook
A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty Images Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more […]
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Vans owner VF Corp. shares tumble as it says cyberattack could hamper holiday fulfillment
A Vans store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp. tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” systems and made […]
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Temu information refreshing lawsuit versus Shein, accusing its rival of 'mafia-design and style intimidation'
World on the net shopping platform Temu is by now climbing the ranks in the U.S. Apple Retailer. Bloomberg | Bloomberg | Getty Visuals Chinese minimal-expense on line retailer Temu has released a new lawsuit in opposition to its rival Shein about copyright issues and “mafia-fashion intimidation of suppliers,” a filing on Wednesday confirmed. In […]
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