Fast Retailing says profit slid 2% as Japan, China drag growth By Reuters Japan’s Fast RetailingUniqlo Uniqlo A day after announcing plans for big wage rises, the company said operating profit had been 117.1 billion yen ($889.82 million) in the…
H&M Q4 sales beat forecasts, but meaningful growth is elusive The world’s second-biggest fashion retailer has reported headline sales for the latest quarter up 10% year on year, which slightly beat analysts’ expectations of a 9.5% rise in the three…
Mother Denim launches David Bowie-inspired capsule collection Los Angeles denim and ready-to-wear brand Mother announced on Monday the launch of its Swing ’23 capsule collection paying homage to David Bowie’s otherworldly Ziggy Stardust era. 2023 The David Bowie Archive –…
Ouray Sportswear, Locale Outdoor acquired by L2 Brands L2 Brands announced on Tuesday its has acquired the Ouray Sportswear and Locale Outdoor brands from apparel and accessories distributor, S&S Activewear, for an undisclosed sum. Ouray Sportswear The Hanover, Pennsylvania-based L2 Brands…
RGB brings Betty Boop to life at Fred Segal She is a cult figure in the United States. Introduced by Fleischer Studios in the late 1920s in the Talkartoons series, Betty Boop was the first female character to have her…
Elite World Group appoints Michelle-Marie Heinemann Scaglia as director Translated by Cassidy STEPHENS Elite World Group is expanding its board of directors to three members, with the arrival of entrepreneur Michelle-Marie Heinemann Scaglia as a new director on Wednesday April…
Wolverine to divest Keds, leathers business; reveals layoffs WolverineKeds The Rockford, Michigan-based company said it had started aworkforce reduction earlier this week, which it expects to result in approximately$30 millionin savings in 2023. I failed to specify how many workers…
A.K.A Brands sees losses widen in 2022, CEO steps down due to health issues A.K.A Brands announced on Thursday revenues for the fiscal year 2022 increased 8.8% to $611.7 million, despite a double-digit sales plummet in the fourth quarter ending December…
Moody’s cuts Adidas credit rating to A3 after profit warning By Reuters API Moody’sAdidas Reuters Adidas warned on Feb. 9 that it could plunge to a loss this year for the first time in three decades, in the latest downgrade…
Meta to wind down NFTs on platforms amid crypto bust By Reuters API Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the…
