Nike Says Job Cuts at Oregon Headquarters to Total More Than 700
Nike Inc. will have eliminated about 740 jobs at its headquarters by late June as part of its multiyear cost-cutting plan.
urban-research
In Japan, Urban Research Experiments with Virtual Changing Booths
So far, virtual changing rooms have been more of a toy than a true commercial tool. Urban Research could change that. JapanConsuming reports.
Japan’s Urban Research Expanding
Opening 50 to 60 new stores per year and driving sales growth above 20 percent, Urban Research, one of Japan's fastest growing fashion retailers, is tapping new opportunities. JapanConsuming reports.
Japan’s Online Fashion Sales Climbing Fast
As online fashion sales expand, more large firms are committing investment to both websites and back-end logistics, while pure play e-tailers are launching new brands specifically for the online channel. JapanConsuming reports.
Global Markets
In Japan, the Rise of 'Geek Brands'
There are more single or childless Japanese men in their 30s and 40s than ever before. The affluent and well paid among them have the time and money to indulge their most esoteric whims, whether in hobbies or consumer goods. A host of new brands and stores have emerged to serve them. One of the latest is H Tokyo, a tiny store devoted entirely to men’s handkerchiefs. JapanConsuming investigates.
In Japan, the Rise of 'Geek Brands'
There are more single or childless Japanese men in their 30s and 40s than ever before. The affluent and well paid among them have the time and money to indulge their most esoteric whims, whether in hobbies or consumer goods. A host of new brands and stores have emerged to serve them. One of the latest is H Tokyo, a tiny store devoted entirely to men’s handkerchiefs. JapanConsuming investigates.
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The News in Brief
P&G Lifts Annual Profit Forecast on Strong Us Consumer Demand, Easing Costs
Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Frédéric Malle Steps Down From Namesake Brand
Frédéric Malle announced on Apr. 18 that he will be leaving his brand Editions de Parfums Frédéric Malle at the end of June.
With Succession in Focus, LVMH Adds Alexandre and Frédéric Arnault to Board
The two brothers join older siblings Antoine and Delphine, meaning that 4 out of Arnault’s 5 heirs now serve on the board. Bernard Arnault, age 75, has placed his controlling interest in LVMH in a stock-share partnership aimed at perpetuating family control.
Arnault Says He Hopes Tensions With China on Luxury Quiet Down
Billionaire Bernard Arnault said he hopes a planned visit to France next month by China’s Xi Jinping will help smooth trade relations between Paris and Beijing.
Vita Liberata Bought Back By Founder
Alyson Hogg, who founded the luxury tanning brand in 2003, has reacquired it from Crown Laboratories.
Swiss Watch Exports Plunge as China and Hong Kong Demand Dries Up
Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.
Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.