Inflation is complicating brands’ inventory planning While the supply chain is more stable than before, now inflation and reduced consumer spending are causing brands headaches with planning their inventory buys.
Harris Reed’s first collection at Nina Ricci focuses on gender fluidity As of Tuesday, the first of Reed’s Nina Ricci designs are now available for purchase; the autumn-winter 2023 collection is available to shop on Nina Ricci's website and at Saks Fifth Avenue.
Percival seeks growth with new loyalty program and US expansion In the last three months, buzzy collaborations with sportswear brands like Umbro and Champion, non-fashion brands like Campari, and even media properties like "Seinfeld" have raised its profile. And endorsements of celebrities including Chris Evans and Tom Holland have introduced Percival to a new American audience.
Weekend Briefing: Luxury is flagging in the U.S., while China is rebounding Last week, a number of luxury brands reported North American sales declines, as growth in other regions of the world improved.
Express’s troubles continue with layoffs and declining sales Late on Thursday, Express announced several cost-cutting measures and an overarching plan to get flagging sales back on track. That will include laying off 150 employees in 2024, which will represent a $30 million cost reduction, CEO Tim Baxter said in a public statement for Express. That $30 million will...
Week in Review: Underwear brand Parade acquired, people are abandoning Threads, Aldi enters the sneaker game On this week’s episode, we talk about the Gen-Z DTC underwear brand Parade selling itself off to a more established underwear licensing company, the reason so many people have abandoned Meta’s Twitter competitor Threads in the last month and the $13 sneaker line released by grocery store chain Aldi.
Asics, On Running and Represent are among the fastest-growing streetwear brands The streetwear and sneaker markets have long been dominated by a few titanic brands. Nike is the perennial king of sneakers, with Adidas close behind. And the rest of the market is made up of a smattering of other big brands like Vans and Supreme.
Workers that maintain American Dream are on strike Workers at the New Jersey megamall American Dream are striking this week in protest of what they said was unfair intimidation and retaliation, illegal firings, and substandard wages, among other grievances.
Big brands are seeing declining wholesale revenue Canada Goose saw its wholesale revenue decline 18% in the first quarter of 2023, reported on August 3. Under Armour saw a global wholesale decline of 6% in the same quarter, as reported on August 8. Fossil saw a 13% decline in wholesale revenue, per its August 10 earnings report....