Apparel Retail
Shein shifts delivery technique to provide China-created goods nearer to U.S. consumers
Outfits displayed at the Shein Team Ltd. headquarters in Singapore, on Monday, June 19, 2023. Ore Huiying | Bloomberg | Getty Images E-commerce huge Shein is sending much more minimal-priced clothing and residence products to U.S. warehouses from China to speed up delivery situations for customers, in accordance to data from world-wide trade analysis organization […]
Read More
H&M to offer 2nd-hand clothes at London flagship
Individuals passing a huge scale indication for the large road clothing and clothing manufacturer H&M outside their flagship store on the corner of Oxford Avenue and Regent Avenue. on 30th March 2023 in London, United Kingdom. Mike Kemp | In Shots | Getty Pictures H&M programs to provide next-hand outfits and add-ons at its flagship […]
Read More
Lululemon sees sales and profit jump 18%, boosts full-year guidance
A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump in both sales and profit for its fiscal second quarter, beating Wall Street’s estimates. The athletic apparel retailer now expects sales to be between $9.51 […]
Read More
Fanatics-backed vintage sports activities model Mitchell & Ness hires Nike executive as CEO
Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania. Supply: Fanatics Mitchell & Ness, the life-style clothes manufacturer recognised for its throwback and classic jerseys and attire that was obtained by Fanatics previous 12 months, has employed Nike executive Eli Kumekpor as its new CEO. Kumekpor, who most lately served as the international vice […]
Read More
Watches of Switzerland shares plunge by a quarter soon after Rolex buys retailer Bucherer
A tray of Rolex watches are found on a dealer’s stand at the London Enjoy Show on March 19, 2022 in London, England. Leon Neal | Getty Visuals The Watches of Switzerland Group shed a quarter of its price on Friday early morning, heading for the stock’s worst working day at any time, just after […]
Read More
Gap reports mixed quarterly results after another period of declining sales across all brands
Pedestrians walk past Old Navy and GAP stores in Times Square, New York City. Drew Angerer | Getty Images Gap reported mixed results on Thursday and underwhelming current-quarter guidance as the longtime mall retailer saw another quarter of declining sales across all four of its brands. The company beat Wall Street’s estimates on the bottom […]
Read More
Dick’s shares fall 20% as retailer slashes outlook over theft concerns
Signage outside a Dick’s Sporting Goods Inc. store in Clarksville, Indiana, on Monday, Nov. 9, 2020. Luke Sharrett | Bloomberg | Getty Images Dick’s Sporting Goods reported a 23% drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft and slow sales in its outdoor category, […]
Read More
The ‘internet’s favorite underwear’ goes mainstream: Gen Z brand Parade agrees to be bought
Privately owned Ariela & Associates International has agreed to buy Parade, the VC-backed intimates startup that created “the internet’s favorite underwear,” CNBC has learned. The deal brings Parade’s relevance, digital savviness and loyal customer base to Ariela, a Fruit of the Loom licensee that’s been a longtime player and manufacturer in the intimates space. In […]
Read More
Hanesbrands faces pressure from activist Barington Capital Group, which wants to see costs and debt cut
A customer at a Target store in Chicago, Illinois shops for Hanes underwear Tannen Maury | Bloomberg | Getty Images Activist investment firm Barington Capital Group is pressuring Hanesbrands to reduce its costs, generate cash and perhaps pick a new CEO as the apparel maker’s market cap shrinks, the firm announced Tuesday. In a Monday […]
Read More
Secondhand luxury watch prices slump to near two-year low after a pandemic run
A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images Prices for luxury watches are near a two-year low on the secondhand market, reversing a rally that brought timepieces like Rolex, Patek Philippe and Audemars Piguet to […]
Read More