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To that end, Gap has been working to insert itself back into the cultural conversation in recent years, including through several dance-focused ads with the likes of Troye Sivan and Parker Posey.
Addressing questions about consumer sentiment and discretionary spending, Leviâs CEO Michelle Gass on Wednesday noted that the denim brand already has an âapproachable price pointâ but acknowledged that shoppers may nevertheless be more cautious in their purchase behavior in the near term.
Customers pulled back their spending at higher-end brands including Chanel and Christian Dior for the second year in a row, which Consumer Edge said could be attributed to a potential protest against price hikes and limited product innovation.
Amazon announced it will bring back its Big Spring Sale on Tuesday through March 31, offering discounts of up to 40% in 35 categories, including apparel, beauty, outdoor furniture and garden supplies.
In regards to a potential upswing in China, report authors said they were âencouraged by the recent equity market pickup there.â They added that âa more pro-business attitude from the Chinese administration and conversations with luxury managers in the regionâ point to âa likely trough in demand a few months ago now.â
âAt The EstĂ©e Lauder Companies, we need to keep pace with a changing environment where an increasingly large share of transactions is happening through digital channels such as mobile devices,â said Yuri Ezhkov, vice president for the creative center of excellence at ELC, in a statement
Reebokâs return to golf speaks to its efforts to rebuild its identity as a team sports footwear and apparel company, a tag that was largely lost when Adidas owned the label and marketed it more as a fitness brand.
CEO Daniel Grieder said in the report that the ârobust bottom-line improvementsâ would be the result of âa relentless focus on maintaining cost discipline and driving additional efficiencies.â