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 yoga and activewear company’s revenue and profit for the holiday quarter were better than expected, reporting revenue up 24 percent year-over-year to $1.7 billion. While in-store sales decreased by 29 percent, online sales spiked by 92 percent on a constant dollar basis.
Lululemon has seen a surge during the pandemic, and said it is on track to reach its 2018 goals to double its men’s category and online sales and quadruple the size of its international business by 2023. In the year ending January 31, revenue increased 11 percent to $4.4 billion. Income from operations decreased, however, down 8 percent for the year to $820 million.
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.