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.
Marc Metrick
Partner Content
Inside BoF and Shop With Google’s New York Fashion Week Dinner
Designers Tory Burch, Jason Wu, Phillip Lim, Prabal Gurung, Sergio Hudson and Brendon Babenzien, together with Steven Kolb, Laurent Claquin, Gabriella Karefa-Johnson, Julie Gilhart, and more, joined BoF’s Imran Amed and Google’s Stephanie Horton.
Inside BoF and Shop With Google’s New York Fashion Week Dinner
Designers Tory Burch, Jason Wu, Phillip Lim, Prabal Gurung, Sergio Hudson and Brendon Babenzien, together with Steven Kolb, Laurent Claquin, Gabriella Karefa-Johnson, Julie Gilhart, and more, joined BoF’s Imran Amed and Google’s Stephanie Horton.
#BoFLIVE: What Will Reopened Stores Look Like?
BoF's Lauren Sherman and Brian Baskin spoke with Saks Fifth Avenue President Marc Metrick and Jessica Richards, founder of Shen Beauty, about what to expect from the future of retail.
#BoFLIVE: Store Reopening: What Does It Look Like?
From Dallas to Paris, stores are starting to reopen. But the pandemic has changed virtually all aspects of the retail experience. What will customers see when they walk into a shop for the first time in weeks?
Power Moves | Allbirds Adds to Board of Directors, LVMH-Owned Moynat Appoints CEO
This week, Allbirds appoints an Old Navy executive to its board, while LVMH brand Moynat brings in a new CEO from stablemate Sephora.
Hudson's Bay Appoints President to Lead Saks Off-Price Stores
The Saks Fifth Avenue owner's move comes amid attempts to bolster its outlet stores.
Can the American Department Store Be Saved?
After a year of dismal sales growth, closures and bankruptcies, the multi-brand retailers still standing continue to face an uphill battle. Where’s the hope?
Saks Fifth Avenue Nears Completion of $250 Million Renovation
Saks, which has seen comparable-store sales rise for the past six consecutive quarters, is one of the few bright stars in Hudson's Bay retail portfolio.
How American Department Stores Plan to Fight Back in 2019
From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.
Power Moves | Belstaff Hires CEO and Chairman, Stephen Gan Joins Elle
This week, Belstaff names Helen Wright as its new chief executive and Robin Hutson as non-executive Chairman, while Stephen Gan leaves Harper's Bazaar for Elle.
Digitising the Sales Associate
Department stores and boutiques are using new digital technologies and training to amplify one of the things that still differentiates them from online competitors: their seasoned in-store sales associates.
Why America's Retailers Are Tapping Into Wellness For Growth
As retailers struggle to draw in shoppers who have migrated online, stores are seizing on one of the few bright spots in the industry — fitness and wellness — in hopes of engaging consumers.
Luxury Stores Add More Amenities in a Tougher Market
With designer goods available online anytime, luxury retailers are adding more amenities and personal touches for in-person shopping.
Company Snapshot
Under Metrick’s leadership, Saks, the e-commerce company, continues to oversee marketing and merchandising for the entire Saks Fifth Avenue ecosystem, comprising both digital and physical channels.
The News in Brief
Shopify Falls on Surprise Loss, Hit From Logistics Unit Sale
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.
Boohoo Dives Into Debt as Losses Soar to £160 Million and Sales Slump
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 Strauss Ends Lawsuit Against Italy’s Brunello Cucinelli Over Trademarked Tab
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.
Puma Returns to Sales Growth in Americas Despite ‘Volatile’ Market
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.
Tylenol Maker Kenvue Beats Quarterly Profit Estimates, to Cut 4% Jobs
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.
Richemont Acquires Italian Jeweller Vhernier
Vhernier is small but Richemont has a history of turning small brands into success stories
TikTok Sues US Government to Block Divest-or-Ban Law
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.