Next Sales Rise as Inflation Pressures Ease, Maintains Forecast
The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise.
The one-time Sears unit has been phasing out its sites situated inside the struggling chain.
The casual clothing company Lands' End is naming the one-time chief executive of the high-end luggage maker Tumi as its next chief executive officer.
"Both have taken dramatic steps to reinvent their brands for a new era of retail. The similarities end there."
"What happens when a company doesn’t know its customers or its strengths? It loses money — and its identity."
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Federica Marchionni has stepped down after less than two years and now the board has appointed two vice presidents to lead the company while it searches for a new chief executive officer.
Diana Chu, art director of Lands' End, says that personal projects are integral to your work-life balance, because they keep you focused.
New chief executive officer Federica Marchionni wants to gain a new kind of customer while keeping her loyal fan base.
BoF compiles the most important professional moves of the week.
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The British fashion and homewares company said Wednesday that full price sales climbed 5.7 percent in the first quarter, which was slightly ahead of an expected 5 percent rise.
The listing drew orders for multiple times the number of shares available and is contributing to a broad resurgence of European initial public offerings.
The line, Orebella, launches on May 2 with a selection of three perfumes.
E-commerce is seen by the company as its next big potential revenue source as well as a way to keep users spending time and money on its app.
The preliminary injunction hearing on the US Federal Trade Commission’s bid to block Tapestry’s attempted takeover of rival Capri will likely last a week and a half, the judge said.
The online fast fashion retailer is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last year.
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.