Adidas AG, the world’s No. 2 sports gear maker, cut its profitability forecast for 2014 by 2 percentage points after first-half revenue in North America dropped 14 percent on slumping demand for golf equipment.
Prada SpA, the Milan-based luxury handbag maker, posted the slowest half-yearly sales growth in three years as demand weakens in some Asian countries and in Europe amid economic and political uncertainties.
Italian designer label Tod’s is edging away from its comfortable driving shoes, ballerina flats and platform sandals in an attempt to diversify its business and revive flagging sales.
Coach Inc. investors cheered this morning when the bag maker’s profit beat estimates. Their exuberance may be short-lived.
Coach Inc., the largest U.S. luxury handbag maker, posted fourth-quarter profit that topped analysts’ estimates, helped by products sold to men.
Singapore’s retailers, already facing growing regional competition, are under the biggest pressure since the Asian financial crisis.
Trend forecasting agency WGSN Group will launch a new website that unites its capabilities with those of its rival Stylesight, which it acquired last November, as part of a £50 million initiative to drive growth and expand its global reach.
Permira Advisers LLP is in talks with advisers about a potential sale of its remaining stake in German fashion house Hugo Boss AG seven years after taking control, according to three people with knowledge of the matter.
BoF compiles the most important professional moves of the week.
SAO PAULO, Brazil — Buscape Company, Brazil’s largest e- commerce comparison website, is taking its online offering to brick and mortar stores as it seeks a piece of the larger retail market.