U.S. retailers are suffering through the slowest back-to-school shopping season since the recession ended in 2009, raising concern that the year-end holidays will bring more of the same.
BoF compiles the most important professional moves of the week.
Prada SpA, the Italian maker of $3,990 handbags and $795 pumps, reported a 21 percent drop in first-half profit as sales grew at the slowest pace in three years on weakening demand in Asia and Europe.
After years of pitching its shoes and clothing to hipsters in bars, bowling alleys and billiard halls, Puma SE is shifting its marketing focus to bona fide athletes.
Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere.
Adidas AG rose the most in more than 10 months in Frankfurt trading on a report that hedge funds including Third Point LLC may take a stake and are pushing to remove Chief Executive Officer Herbert Hainer.
Italian handbag maker Furla plans to more than double sales in the next five years, stepping up investment in new shops as it taps consumers’ growing appetite for accessible luxury goods.
Inditex SA, Europe’s largest clothing retailer, reported first-half profit that topped analysts’ estimates as the Zara owner expanded outside its home market and boosted online sales.
On Monday night, industry power players from over 20 countries celebrated the upcoming launch of the #BoF500 and ‘Polymaths & Multitaskers,’ our latest special print edition, out on September 22.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported a 16 percent gain in third-quarter sales after August revenue exceeded estimates.