As the once humble sneaker continues its ascent from streetwear symbol to luxury icon, the BoF Spotlight shines on fast-rising, Los Angeles-based luxury sneaker and leather goods brand Buscemi.
NEW YORK, United States — J.C. Penney Co., which began reporting monthly sales figures last year to shine light on its turnaround effort, will abandon the practice this year as the comeback plan starts to takes hold.
Despite the rise of e-commerce, offline retail remains a fantastic opportunity for fashion brands, while offering features that digital channels will simply never be able to duplicate, argues Ari Bloom.
NEW YORK, United States — Gap Inc. is reporting a 12.5 percent drop in fourth-quarter profit on a 3 percent decline in revenue as the clothing retailer was forced to discount heavily over the holiday shopping season to entice customers.
NEW Albany, United States — Abercrombie & Fitch's fourth-quarter net income fell 58 percent, dragged down by a number of one-time charges, including costs tied to the closure of the retailer's Gilly Hicks stores. But adjusted profit easily topped Wall Street's expectations and shares jumped more than 8 percent as the company initiated a $150 million accelerated share buyback program.
Less than six months after launch, new American label Baja East’s “loose luxury” styles, rooted in comfort and travel, are striking a chord with influential buyers and customers alike. BoF reports.
NEW YORK, United States — J. Crew Group Inc., the retailer owned by TPG Capital and Leonard Green & Partners LP, is interviewing banks as it weighs an initial public offering in the U.S. later this year, people familiar with the matter said.
NEW YORK, United States — In the past five years, Inditex has shifted almost $2 billion in profits to a tiny unit operating in the Netherlands and Switzerland, records show. Although that subsidiary employs only about 0.1 percent of Inditex’s worldwide workforce, it reported almost 20 percent of the parent company’s global profits last year, according to company filings.
NEW YORK, United States — First the good news for J.C. Penney Co Inc online sales rose 26.3 percent during the holiday quarter. Now the bad: the surge mostly reflects how far the one-time e-commerce pioneer has fallen.