Jen Atkin’s Editorial Site Mane Addicts Shuts Down, Lays Off Team
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
The sportswear brand's founder and chairman emeritus gave 12 million shares to an unnamed organisation.
Chief sustainability officer Hannah Jones talks to BoF about Nike's journey from sweatshop scandals to embracing sustainability as a tool for business innovation.
Nike chief executive Mark Parker is the new chairman, while Apple chief executive Tim Cook, on the board since 2005, becomes the lead independent director.
Nike Inc. co-founder Philip Knight donated $400 million to Stanford University to start a graduate scholars program that will address “global challenges” facing society.
Nike Inc. projected that sales gains will accelerate in the next five years, with revenue hitting $50 billion in 2020 as its women’s business doubles.
BoF compiles the most important professional moves of the week.
Ouai founder Jen Atkin’s 10-year-old editorial hair care site Mane Addicts has effectively shut down.
Sales rose 4 percent on a reported basis, as consumer pullback from Japanese brands and inventory adjustments dragged down overall earnings.
The lingerie maker said Thursday that its preliminary sales and adjusted profit for the quarter ended May 4 were at the high end or above its prior projections.
The American apparel chain will reopen a womenswear store in the retail neighbourhood since its last location closed in 2018.
Revenues totalled 227 million euros ($244.5 million), below analyst expectations of 237 million euros according a LSEG consensus.
Researchers have expressed concerned that AI-generated content could be used as misinformation in an attempt to interfere with US elections this autumn.
Sticky inflation has forced shoppers in various categories to trade down to more affordable products.
The company’s net sales came in at $1.48 billion in the quarter ended March 30, compared to analysts’ average estimate of $1.50 billion, according to LSEG data.