Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
The fashion industry is confronting a fourth quarter that will be like no other as the ongoing pandemic keeps shoppers at home and the economy in flux. What can retailers do?
According to data from Mastercard, the apparel category registered stronger-than-expected e-commerce growth with online sales rising 17 percent.
The Saturday before Christmas topped Black Friday's numbers, resulting in the best weekend of the season for many struggling retailers.
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"Abode still predicts an even larger Cyber Monday, estimating sales of $9.4 billion."
Christmas has come early for brands and retailers that use the festive tradition to boost brand awareness and drive customer acquisition ahead of the Holiday season.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
This week, everyone will be talking about Black Friday and Cyber Monday, PVH Corp.'s financial results and hunt for another brand to buy, and a new exhibition of vintage fashion at The Metropolitan Museum of Art. Get your BoF Professional Cheat Sheet here.
The Spring Festival celebration gives luxury brands including Gucci and Longchamp a chance to deliver capsule collections and potentially bump revenues after the holiday period.
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As more shoppers head online — and away from physical sites often locked in expensive leases — there’s little escape from the traditional British industry’s decline.
As the political debate subsided, consumers appeared confident enough to spend more generously.
The S&P 500 Retailing Index climbed 5.6 percent the day after Christmas, seeing its biggest one-day gain since the spring of 2010.
The number of British shoppers hitting the post-Christmas sales dipped by 4.2 percent year-on-year.
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.
Overall revenues for the three months through March totalled 818 million euros ($874 million), above a company-provided analyst consensus of 786 million euros.
Embattled by weak demand and currency issues in Nigeria, the company is looking to slim down in order to return to growth.
EU lawmakers backed the Corporate Sustainability Due Diligence Directive by 374 votes to 235 against, with 19 abstentions.