This week, creative and digital agencies focused on the fashion and luxury sector are restructuring as the market evolves.
BoF compiles the most important professional moves of the week.
BERLIN, Germany — Adidas has launched a new store blueprint for its Originals fashion brand with a Wi-Fi equipped lounge and mobile charging points, aiming to persuade younger shoppers to linger longer and spend more in its high-margin, own-run outlets.
VANCOUVER, Canada — Lululemon Athletica Inc., the yoga- wear retailer that got a new chief executive officer this year, forecast profit that trailed analysts’ estimates after slower product deliveries weighed on sales last year.
STOCKHOLM, Sweden — Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported first-quarter profit that rose less than analysts anticipated as the company invested in selling clothing online.
HONG KONG, China — Luxury handbag maker MCM Holding AG targets an initial public offering in two to three years amid sales that it expects to triple.
BEIJING, China — A fire in a lingerie factory in southern China on Wednesday killed 11 people, authorities said.
LONDON, United Kingdom — Dummies just got smarter. Three years after fashion retailers started outfitting mannequins with cameras to monitor shoppers, a London-based startup has devised models that can talk to customers - via their smartphones.
BEIJING, China — Craftsmanship ranks highest among words wealthy Chinese choose to define luxury, according to Mintel, underscoring changing tastes among big spenders.