Agenda-setting intelligence, analysis and advice for the global fashion community.
Simon Property Group Inc reported a 24 percent fall in quarterly revenue on Monday as the largest U.S. mall owner reduced and delayed rent collection from retail tenants struggling to cope with the COVID-19 pandemic.
Total revenue fell to $1.13 billion in the fourth quarter ended Dec. 31, from $1.49 billion a year earlier.
By Uday Sampath and Aditya Soni
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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.
