Consumer demand, star ambassadors key to Skechers ârecordâ Q3 growth of $2.4B
Weinberg said domestic DTC sales improved 3.7% on top of last yearâs 14% increase due chiefly to strong e-commerce growth as more consumers chose to shop online.
Adidas reaches settlement with Ye as Yeezy inventory dwindles
Gross margin expanded 2 percentage points to 51.3%, despite the hit from âthis yearâs significantly smaller and less profitable Yeezy business,â and net income soared 70% to 476 million euros, per a company press release.
The rising value of nonprime cobrand credit cards
Nonprime cobrand cards offer millions of people an opportunity to improve their credit score while taking advantage of the rewards that make everyday life more convenient.
True Religion enlists Megan Thee Stallion to tap into hip-hop culture
By teaming with Megan Thee Stallion and Hunxho, True Religion is tapping into the brand's enduring popularity in hip-hop culture that has helped it weather financial struggles, including a 2020 bankruptcy.
Mulberryâs board joins majority shareholder in rejecting Frasers acquisition bid
In the earnings report, Mulberry also acknowledged a disappointing financial performance for the 52-week period ended March 30, and said that over the course of its fiscal year, âthe macro-economic environment presented significant challenges for the luxury sector, with markets across the globe facing a tightening of consumer spending.â
Can âMade in Italyâ survive its scattered supply chains?
In recent years, luxury brands and fledgling investment groups have been spearheading a quiet-but-dramatic shift towards the consolidation of suppliers in Italy, intended to drive efficiency and traceability, and to protect the know-how buried in struggling small businesses.
Publicis again raises guidance as personalization bets attract clients
In a statement around the earnings report, Publicis CEO Arthur Sadoun attributed the gains to the agency networkâs ability to capture âa disproportionate amount of client demand for personalization at scale.â The executive still cautioned of âan increasingly challenging macroeconomic environmentâ but said advertisers were expressing confidence in a call discussing the results with investors.
Traditional retail canât keep up with Gen Z. Is this the answer?
Oxford Street has faced some major challenges in recent years, including the closure of some of its anchor tenants â such as Topshop and Debenhams â and a proliferation of low-quality retailers (notably, several harshly lit candy and souvenir stores).
The Vogue Business Beauty Trend Tracker
Vogue Business brings you weekly exclusive data from Spate tracking historic growth across brands, trends and ingredients.
How generational differences will drive gifting this holiday season
Unwrapping This Seasonâs Shopper Spending Plans.â Based on a survey of 4,000 adult consumers in the U.S. and UK (equally split), conducted in partnership with Arlington Research, the report highlights some clear indicators of a robust fourth quarter for retailers.
âDancing a fine lineâ: Victoriaâs Secretâs runway return straddles fantasy and reality
Weâre in the midst of a backwards shift, agrees Jeanie Annan-Lewin, consultant and creative director of Perfect Magazine, who recently wrote about fashionâs return to size zero in an article for Elle titled âMy body has gone out of styleâ.
Top takeaways from Advertising Week 2024 marketers need to know
Brands including Diageo and MoĂ«t Hennessy shared how they've been utilizing this year's shiniest object, artificial intelligence, while Home Depot and United Airlines dove deep into how they've stood up and bolstered media networks â a space that continues to attract advertiser attention and investment.
Can Topshop really be revived?
Asos purchased Topshop in February 2021 when there was strong growth in online retail and a shift towards more casual categories, which prompted lower returns rates and a spike in profits, says Deutsche Bankâs Cochrane.
Lorenzo Serafini named creative director of Alberta Ferretti
Prior to Aeffe Group, Serafini worked at Roberto Cavalli and Blumarine and was creative director of ready-to-wear at Dolce and Gabbana.
NRF expects holiday sales to rise as much as 3.5%, reaching at least $980B
The NRF acknowledged that, especially in a year with a short season â there are just 26 days between Black Friday and Christmas Eve, Shay said â there is a push to start holiday marketing early and that some shopping has begun outside of the groupâs November to December calculations.
LVMH continues to be hit by luxury sector challenges
âIn an uncertain economic and geopolitical environment, the Group remains confident and will maintain a strategy focused on continuously enhancing the desirability of its brands, drawing on the authenticity and quality of its products, excellence in distribution and agile organization,â the company said.
How 5 brands use relationship marketing to create loyal customers
Earning rewards in the form of loyalty points, discounts, or freebies for completing tasks or challenges creates memorable experiences and higher levels of customer engagement.
Disney, Hershey execs share how holiday marketing campaigns are evolving
When you reverse the equation and not just focus on a single number of ROI â donât get me wrong, itâs super important â but when you change the narrative internally and talk to your leadership and walk them through this, it didnât make sense to look at the cost of what a Halloween integration will look like because of the impact and the synergy it creates for our business.
How to make delivery so fast it will scare your customers
Starting now, consumers are on the hunt for scary centerpieces to add a touch of eerie elegance, terrifying animatronics to spook trick-or-treaters, and ghoulishly frightening costumes for social gatherings.
Todd Snyderâs Black Label Collection launches
His brand was acquired by American Eagle Outfitters in 2015 as part of its acquisition of Tailgate Clothing Company, which owned Todd Snyder New York.
âBake-at-homeâ totes and meme culture: The luxury brands winning digital
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From sporty styles to lace corsetry: Why luxury is embracing the bodysuit
By carefully curating influencers to showcase ways to trial the daring trend, Fleur du Mal has already seen a 36 per cent increase in sales of their top bodysuit styles â and now, with the recent runway boost, that figure is only set to grow.
Ulta announces third accelerator cohort
Similar to last yearâs programming, the cohort will participate in sessions on brand strategy and positioning, supply chain and logistics and the omnichannel retail environment, all leading up to a demo week and celebration.
H&M to phase out new down fiber
âH&Mâs decision is a lifesaving win for ducks and geese and a major first step toward a fabulous animal-free future,â Tracy Reiman, PETA Executive Vice President, said in a news release sent to Fashion Dive.
3 NYC Amazon Go stores close
âIn this case, while these three stores were performing well, we couldn't make the economics work with the lease cost, so we've decided not to renew and have closed these locations.â
Honda nods to F1 icon Ayrton Senna in emotional âUnstoppable Dreamsâ ad
Additionally, Honda will serve as title sponsor on Netflixâs ad-supported plan in the U.S. for the release of the series âSennaâ and will be part of an F1 Las Vegas Takeover at Miracle Mile in November.
Gucci and Bottega Veneta fight to defy the industryâs rollback on ESG
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Go Global snaps up Hatch maternity brand
Since Go Globalâs acquisition of Janie and Jack, the childrenâs brand has built up several areas including management, infrastructure, technology, sourcing, distribution and real estate, all strengths that will now benefit Hatch, Beig also said.
Polyester recycling firm Reju opens first facility
The Frankfurt, Germany-based plant is expected to produce 1,000 metric tons of the companyâs proprietary product, called Reju Polyester, CEO Patrik Frisk said at a Wednesday event announcing the initiative.
Innovating retail workflow: An interview with Zoey Glover, Retail Operations Manager at Ghanda Clothing
Zoey Glover: Before we implemented the software, we constantly struggled with aligning our backend systems to fit the physical constraints of our retail spaces.
Amazon wants to hire 250K for the holidays again
Full-time employees are also eligible for first day benefits that include health care coverage and education tuition assistance.
Chipotle, Sweetgreen leverage DoorDashâs new ad platform for restaurants
DoorDashâs double shot of new capabilities looks to offer enterprise restaurant marketers and CPG brands better ways to connect with its millions of consumers â and the first-party shopping data that the delivery platform controls.
Luxury fashionâs power sourcer is reinventing the job with AI
This wouldnât have been possible two years ago, says Headstart CEO and founder Nicole Hedley, because Sourced By is built on a multimodal functionality (the ability to read images), combined with large language models (LLMs) to structure this data.
5 ways marketers can master RCS for mobile messaging
However, RBM is not yet supported among major U.S. carriers at this time including AT&T and T-Mobile, though that is expected to change in the coming months, according to Alex Campbell, co-founder and chief innovation officer at mobile engagement platform Vibes.
Trinny London talks personalisation and retail innovation at the Vogue Business and Worldpay Beauty Breakfast
She added that as the brand developed its physical presence, it was keen to ensure the digital engagement and discovery tools were consistent with what was offered on the shop floor, citing the product play tables that provide QR codes and interactive displays for visitors to find their perfect shade match and skincare solutions.
Hedi Slimane exits Celine
Five years later, sales reached an estimated âŹ2.6 billion in 2023, per HSBC, making it LVMHâs third largest fashion brand after Louis Vuitton and Dior â overtaking Fendi in terms of revenue.
Register Now | The Evolution of Luxury Brand Marketing
In this panel, industry experts will share how brands can stay true to their heritage, and how to maximise the use of digital platforms to enhance engagement.
Nike revenues fall 10% ahead of CEO switch up
Over his 32 years with the company, he built a proven track record of leading our global team, brands and businesses with significant expertise in delivering growth by bringing product and storytelling with impact into an integrated marketplace,â said Matthew Friend, EVP and chief financial officer, after thanking Donahoe for his contributions in the role.
Spiking interest: Viral designer Abra on his official Paris Fashion Week debut
I donât want people to buy my bags and treat them like theyâre fragile because theyâre not.â Abra uses materials that Perez says are âresistant to party girlsâ, like suede that looks good with wear and tear, and high-quality Spanish leather âyou can even take to the beachâ.
Meet the fashion-tech startups powering a better fashion industry
Digital fashion, augmented reality and smart mirrors bring the metaverse into stores and showrooms, offering new ways to engage outside of physical goods.