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.
The Japanese sporting goods company released its annual results Monday, revealing that net sales declined to 328,784 million yen (around $3.1 billion) due to the impact of Covid-19. Profits decreased 14.9 percent to 152,858 million yen ($1.4 billion).
Globally, the firm was hit hardest at home, across Southeast and South Asian regions and in South Korea and South America, where sales dropped at least 22 percent. Greater China felt the smallest impact, marking a 4.2 percent decline.
Malls across the US have been ‘flash robbed’ by groups of about 20 to 30 suspects stealing retail merchandise.
BoF Careers provides essential sector insights for fashion professionals in retail this month, to help you decode fashion’s retail landscape.
The sportswear giant’s lifestyle and fashion division is set to release a new campaign and “visual identity” to emphasise the cultural cachet of its Samba, Gazelle and Superstar sneaker franchises.
European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary investors will be looking for reassurances from the likes of H&M and Zara-owner Inditex when they issue business updates this week.