Bits & Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
Urban Outfitters Inc. shares plunged as much as 18 percent in late trading after the company said a sales slump has persisted in the third quarter, threatening to squeeze the retail chain’s profit.
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.
At a time when fashion companies are more focused on brand than ever before, private label manufacturers continue to flourish. BoF reports.
NEW YORK, United States — Stock analysts are eyeing a potential turnaround at Urban Outfitters, but remain uncertain on its timing.
PHILADELPHIA, United States — Urban Outfitters Inc. reported Monday that its fiscal second-quarter profit increased 25 percent on improved sales across nearly all of its brands.
Olympians become the new fashion ambassadors (The Guardian) “Their Olympic glory may now be over, but the stars of London 2012 are enjoying a new spotlight – as fashion’s latest darlings… Fashion and sport alliances look likely to continue in this vein in the aftermath of London 2012.” Condé Nast Invests in Digital Advertising Company Flite (Media Decoder) “The company will go from being a client
A London Design Maverick as a Pragmatist (On the Runway) “Thomas Tait was in New York last week for London Showrooms, a presentation of young British fashion talent. Actually, Mr. Tait is Canadian, educated at a technical school in Montreal. In 2010, he completed the master’s program in women’s wear at Central Saint Martins in London, whereupon he joined that distinguished race known as the Young Fashion Designer.”
Reinterpreting Valentino (WSJ) “Since its inception in 1959 in Rome, Valentino had been almost single-mindedly focused on the dressiest moments in a woman’s life… But the fashion house’s customers need clothes during daylight hours. ‘It’s a reinterpretation of the brand.’” Tod’s sees bright 2010 on U.S., Asia rebound (Reuters) “Italian shoe and bag maker Tod’s said