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.
Artists, record labels and music festival organisers are collaborating with coveted labels to design better-quality, fashion-forward merch, sold at higher price points than before.
Rent the Runway and Stitch Fix will give updates on their turnaround efforts. That, plus what else is in store for the coming week.
Krishna Nikhil has stepped down for family reasons after just over 18 months at the helm of eco-innovation brand, the company said.
The luggage and lifestyle brand is expanding its product and marketing strategies while launching collaborations and pop-up stores as its founder, Shay Mitchell, eyes expansion and profitability after five years in business. BoF learns more.