Allbirds’ Sales Dip Continues in 2024, Losses Narrow
Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, the company reported on Wednesday.
The retailer, facing growing pains of its own, is launching a new 'Innovators Programme' to bolster the fledgling labels that help set it apart from competitors in a crowded luxury e-commerce market.
From Zoom styling consultations to digital VIP dinners, here’s how luxury retailers are continuing to woo the wealthy.
With 7,000 former FARC rebels trying to find their way back into civil society, Colombia’s $8 billion fashion industry has a unique role to play in the reconciliation of the country after 50-years of conflict. BoF investigates.
The One Percent no longer wants to dress like ladies who lunch, leaving the brands who make their clothes facing an identity crisis.
The luxury e-tailer will support young labels with marketing and product strategy while developing a design and manufacturing network.
Latin Curated, which counts Marie Claire’s Nina Garcia as an ambassador, will provide a platform and guidance for luxury brands looking to break into the international market.
The fashion market in Latin America is bigger than the Middle East and growing as fast as Asia. But will industry leaders continue to invest as much as the region needs to realise its full potential?
With a foundation in straight-off-the-runway trunk show sales, the retailer is eyeing a global network of luxury showrooms and new categories such as fine jewellery, which has grown 190 percent year-on-year.
The Colombian designer’s signature ruffles and off-the-shoulder silhouettes have captured the spirit of Latin America — and the attention of the industry and red carpet watchers.
Allbirds’ revenue dropped 28 percent year over year to $39 million in the first quarter of the year as demand for its sneakers remains weak, the company reported on Wednesday.
After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
The online fashion specialist said it had built up net debts of £95m in the year to the end of February – down from almost £6m of net cash a year before – after losses widened 76 percent to £160 million.
Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly after Levi sued in January.
Demand for retro shoe styles such as 'terrace' has helped boost sales of sportswear brands like Puma and its rival Adidas at a time when the sector has been hit by weaker consumer demand and excess stocks.
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Vhernier is small but Richemont has a history of turning small brands into success stories
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.