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.