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.
Sonia Syngal joined the leaders of Walmart, Lowe’s and JPMorgan Chase and the head of the US Chamber of Commerce at the White House on Tuesday as the president seeks support for his $1.9 trillion pandemic relief bill.
Expected topics of discussion included Biden’s plan to raise the minimum wage to $15, a move Walmart’s chief executive has said would be too sudden. The administration already said any increases would go into effect after the pandemic.
Syngal took the top job at Gap Inc. in March 2020. She was previously the head of subsidiary Old Navy since 2016.
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.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.