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.
LONDON, United Kingdom — British fashion retailer Superdry Plc delayed the publication of its annual results to July 10, blaming the "complexity" of reflecting one time lease and store impairment charges, coupled with recent management changes.
Superdry had warned again of a shortfall in annual profits in May as founder Julian Dunkerton began aggressive moves to reform how the retailer is run after winning control of the company in a bruising board room battle.
Superdry also appointed retail industry veteran Nick Gresham as interim chief financial officer in May, two months after the return of Dunkerton sparked the resignation of most of its board.
By Noor Zainab Hussain.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.