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Business of Fashion
SAN FRANCISCO, United States — The RealReal Inc. rose in late trading after the seller of secondhand luxury goods reported quarterly results for the first time since it’s public offering. Revenue rose 51 percent to $71 million in the second quarter, The RealReal said, beating the estimate of $70.1 million from analysts. The company still posted...
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VANCOUVER, Canada — Aritzia Inc., the Canadian chain of boutiques favoured by Meghan Markle, appears to have cracked the code to the US retail market. As competitors shut down locations and slash costs, the seller of upscale women’s clothing is pursuing an alternate strategy. It involves opening stores and staffing them with thousands of style...
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OTTAWA, Canada — Same-day shipping is becoming the norm for online shoppers but for smaller merchants it can be a logistical nightmare. That’s where Shopify Inc. can step in, said Ric Kostick, chief executive of 100% Pure. The natural skincare company ships up to 5,000 orders a day from its own warehouse in San Jose,...
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THE CHEAT SHEET Luxury’s Top Performers Report Results Louis Vuitton’s campaign featuring actor and rapper Kris Wu | Source: Louis Vuitton LVMH and Moncler report results July 24, Kering July 25; shares in all three companies are at or near record highs.  Louis Vuitton CEO Michael Burke in June highlighted “unheard of growth rates” for...
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NEW YORK, United States — US luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. The nearly 100-year-old retailer, known for its high-end designer collection, is working with law firm Kirkland...
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Hello BoF Professionals, your exclusive ‘This Week in Fashion’ briefing is ready, with members-only analysis on the key topic of the week and a digest of the week’s top news. This week, a report in The Sunday Times revealed that Condé Nast parent company Advance had sold all of its stock in Farfetch, the fast-growing luxury...
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LONDON, United Kingdom — BoF compiles the most important professional moves of the week. Highsnobiety appoints new editor-in-chief Thom Bettridge has been appointed editor-in-chief of Highsnobiety, effective immediately. Bettridge succeeds David Fischer, founder and chief executive of the media company, and joins from Interview magazine, where he served as executive editor. Bertrand Guyon joins Maria Grazia Chiuri’s studio...
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THE CHEAT SHEET Fast Retailing’s Digital Ambitions Uniqlo store in Osaka, Japan | Source: Shutterstock Uniqlo owner Fast Retailing reports quarterly results on July 11 The company has embraced automation and data to overcome inventory and logistics challenges  Fast Retailing lowered its full-year outlook in April, blaming inventory problems caused by warm winter weather at...
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NEW YORK, United States — Cosmetics maker Coty Inc. will take a $3 billion writedown this year as it implements a turnaround plan intended to revive margins, reduce leverage and better keep up with its rivals. The company wants to simplify its operations by streamlining management and trimming down product lines. It didn’t specify if...
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ROME, Italy — Search for ‘Italy’ on Xiaohongshu — Millennial China’s favourite app for fashion, beauty and lifestyle recommendations — and the platform returns over 300,000 results. Top performing posts include a photo-taking plan for Audrey Hepburn wannabes looking to recreate iconic scenes from “Roman Holiday,” and tips for scoring deals via loyalty programmes at...
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