PARIS — LVMH Moët Hennessy Louis Vuitton said organic sales for its key fashion and leather goods division rose 9 percent in the fourth quarter, in line with market expectations, confirming a normalization of growth rates even as the world’s biggest luxury group reported record full-year revenues for 2023. In results reported after the market close on Thursday, LVMH […]
REI is the latest company to announce significant workforce reductions this year. CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across its organization, including 200 corporate employees at its Sumner, Wash. headquarters and 121 in its distribution centers. The news follows Nike’s December announcement to “streamline” its […]
Skechers is pushing further into the soccer category, and adding another top player to its growing roster of athletes. The company on Tuesday announced that it has signed Premier League Arsenal and Ukrainian National Team defender Oleksandr Zinchenko to its roster of European soccer professionals. The news follows Skechers’ long-term signing of Bayern Munich striker Harry Kane in August which […]
Puma shares dropped on Wednesday after the athletic company reported a hit to its business in Q4 and warned that external challenges to the business would likely continue through 2024. “For 2024, we foresee the geopolitical and macroeconomic challenges as well as highly volatile currencies to persist,” said Puma CEO Arne Freundt in a statement. “This continues to […]
DSW parent company Designer Brands Inc. has tapped retail veteran Andrea O’Donnell for the role of brands president, EVP of Designer Brands, as the company seeks to bolster its share of owned and licensed brands. O’Donnell, who has served as the CEO of shoe and apparel retailer Everlane since 2021, will oversee the sourcing, design and distribution […]
With 2023 almost in the rear view, analysts and retail experts are making their predictions for what to expect for the retail industry in 2024. 2023 was a year characterized by inflation, inventory excesses and a bloated wholesale market, making it a particularly challenging one for footwear and apparel retailers. Looking ahead, the start of 2024 will likely display […]
Feng Chen Wang took her collaboration with Converse to the next level at her fall/winter 2024 runway presentation in Paris on Thursday. During Thursday’s show, the Chinese-born and London-based menswear designer known for her bold conceptual designs, showed her upcoming Chuck 70 2-in-1 Low sneaker that was first teased earlier this month. The sneaker, available in two colorways, is […]
Nike just expanded its brick-and-mortar footprint in Singapore in a major way. The athletic giant, in partnership with Middle East global retailer and distributor GMG, have opened Nike Orchard Road. The three-level store, located at 268 Orchard Road, spans 28,000 square feet. Nike confirmed via statement that this location is its largest mono-brand store in Asia, outside of China. “Nike Orchard […]
Street style from Paris Fashion Week Men’s fall 2024 season. See the best looks from outside the shows, presentations and parties here. PHOTO : GETTY IMAGES Paris Fashion Week Men’s January 2024 Street Style PHOTO : GETTY IMAGES Paris Fashion Week Men’s January 2024 Street Style PHOTO : GETTY IMAGES Paris Fashion Week Men’s January 2024 Street Style PHOTO : GETTY IMAGES Paris […]
Birkenstock may be a fashion sandal brand, but the company is trying to win over a new subset of consumers as well: runners. The German sandal company on Thursday laid out a plan to position its footwear as an ideal recovery option for runners after their workouts. In a call with analysts discussing the company’s 2023 results, […]