Levi’s, which reports second-quarter results on Wednesday, has made a big investment in its stores and website, increasing the share of sales that come through its own channels rather than fading department stores. This has depressed sales, which fell 8 percent in the first quarter and were flat last year, but boosted profits. The DTC...Read More
It was a picture-perfect evening on the rooftop of the Standard Hotel High Line, as beautiful models in fabulous Italian-crafted outfits paraded around the Boom Boom Room with much exuberance. As only the Italians can do it, the evening featured an abundance of craft cocktails, delicious bites, and breathtaking views of the Hudson. Fashion industry...Read More
If you want to sell a Helmut Lang jacket on a resale site, you have to photograph it, write out a description and price it, which isn’t always straightforward. There are different levels of value for a Helmut Lang jacket designed by Lang himself, one designed by an anonymous studio team after his departure and...Read More
The high-quality home furnishings chain Arhaus sells its wares out of showrooms that average around 16,000 square feet. Lately, the chain has also unveiled a Design Studio format that shrinks the footprint to around 5,000 square feet, including a 5,300-square-foot location that opened last month in Greenwich, Conn., and two last year in Asheville, N.C.,...Read More
The German sportswear company is working with external legal counsel after receiving the letter on June 7, it said in an emailed statement. It’s the latest blow for Adidas, which has had to deal with multiple crises in the last few years, including consumer boycotts in China and a significant hit to sales after severing...Read More
Investors are not the best at predicting fashion trends. Birkenstock’s initial public offering was panned, with the sandal maker’s preferred pricing of $46 a share viewed as “reckless” given that consumers might get tired of strappy footwear at any time; since then the stock has risen 45 percent as sales rose 20 percent last year....Read More
Bloomingdale’s, in partnership with Air France, announces The Carousel @ Bloomingdale’s: Game On. Curated by Venus Williams, the shop is available both in-store and online to get customers excited for the most anticipated event of the summer. Game On will feature an array of must-have items across categories, including an exclusive collaboration between the American...Read More
Academy Sports + Outdoors shares dipped in pre-market trading on Tuesday after the company missed sales and earnings expectations in the first quarter. For the first quarter, net sales at the Katy, Texas-based retailer fell 1.4 percent to $1.36 billion, down from $1.38 billion in 2023. Net income for the quarter was $76.5 million, down...Read More
Revolve Group (RVLV), a fashion retailer focused on Millennial and Generation Z consumers has opened its first permanent physical retail location at 410 E Hyman Ave in Aspen, Colorado. This decision follows the success of the Revolve and FWRD pop-up shopping experience that opened in the same location in December. The Aspen pop-up not only drove substantial sales but also...Read More
Workers rights campaigners have called for the UK’s next government to oppose the online fashion business Shein joining the FTSE, arguing that a London listing would be “yet another betrayal to working people everywhere and the planet.” Alena Ivanova, campaigns lead at Labour Behind the Label, said it had heard the news of senior British...Read More
