Kontoor Brands announced on Thursday revenues for the first quarter dipped 2% to $667 million, on the back of a drop in international revenues, weighed down by a still-recovering China market post-Covid. Wrangler The maker of Lee and Wrangler denim brands said while revenue increases were made in domestic wholesale...
Canada’s Shopify Inc said on Thursday it would let go 20% of its workforce in a second round of layoffs and sold its logistics arm to freight forwarder Flexport, sending its U.S.-listed shares up 16% in premarket trading. Reuters The company also reported better-than-expected results for the first quarter, as...
Canada Goose has opened a permanent store on the Republic of Ireland’s premier high-end shopping thoroughfare with a debut on Grafton Street. Canada Goose The new location offers “an elevated shopping experience that showcases the brand’s collection of performance luxury apparel while highlighting its purpose to keep the planet...
Sportswear giant Puma and luxury department store Liberty are partnering again for a special collaboration, with each brand “sowing its own storied past into this new range of bold floral designs”. Puma x Liberty collab The new collection channels the spirit of the 1960s, told with the help...
Zalando has been facing increasing headwinds in recent periods but on Thursday the fashion e-tail giant was able to report a number of improved figures for the first quarter as it adapted to market conditions, even though it remains loss-making. Paco Rabanne x Zalando It said Q1 gross merchandise...
Mothercare’s full-year trading update on Thursday showed further evidence that the company’s turmoil and reinvention of itself in recent years is both yielding rewards and presenting ongoing challenges. Mothercare UK The company, which is broadening its product offer and targeting new markets, said that unaudited net worldwide retail sales...
By Reuters Published May 3, 2023 Estée Lauder Cos Inc on Wednesday forecasted a bigger drop in full-year sales and profit, disappointing Wall Street; that was expecting better results on rebounding travel retail after Covid-19 restrictions eased globally and in China. Tom Ford Shares of the company fell about...
Translated by Nicola Mira Published May 3, 2023 In the last few seasons, the SMCP group, owner of Sandro, Maje, Claudie Pierlot and Fursac has been increasingly committed to improving the environmental performance of its labels and the traceability of its products. At the publication of the latest quarterly...
Global e-commerce player Ebay has appointed Vidmay Naini as the general manager for its global emerging markets. Ebay appoints Vidmay Naini as general manager for global emerging markets – Ebay In his new role, Naini will lead the company’s global emerging markets which include Southeast Asia, India, Eastern Europe,...
The Sarabande Foundation is sowing the seeds for a New York outpost. “We are here because we have many friends here, we are looking at New York City as our second home,” said Sarabande CEO, Trino Verkade, as she welcomed guests to the event. The organization, founded in 2012...
