The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Apparel retailer Urban Outfitters Inc. on Tuesday reported lower-than-expected quarterly sales, hit by lower demand for its namesake brand, sending its shares down about 10 percent after the bell.
Net sales rose 1.4 percent to $987 million, below the average analyst expectations of $1 billion, according to IBES data from Refinitiv.
By Soundarya J; Editor: Amy Caren Daniel
By investing in an elevated product and shopping experience, Spanish retailers Inditex and Mango are seeing tremendous growth despite fierce competition from the likes of Temu and a cash-strapped consumer.
The ByteDance-owned app’s e-commerce play has been met with mixed response from users. Still, sales seem to keep ticking up.
The fashion resale company finally became profitable last year, but it was at the cost of losing consignors who complain that reselling is no longer as lucrative as it once was on the platform.
The Swedish luxury menswear brand is embracing the post-pandemic growth in the formal wear category, while optimising the consumer reach of their core line. BoF sits down with CEO David Thörewik to learn how Eton Shirts are innovating their strategy to drive global expansion.