By Bloomberg Published Aug 28, 2024 Abercrombie & Fitch Co. beat analysts’ sales expectations for the sixth consecutive quarter, but it wasn’t enough to satisfy investors after a big run-up in the stock price this year. The retailer said comparable sales rose 18% in the second quarter ended Aug. 3, exceeding the 15% growth that [...]read moreAbercrombie boosts sales again but investors keep expecting more
By Bloomberg Published Aug 6, 2024 Indian textile makers’ shares surged on bets they stand to gain from a political turmoil in Bangladesh that threatens to disrupt supply chains. Archivo Bangladesh’s textile exporters face the risk of losing business amid political instability that saw violent protests forcing Prime Minister Sheikh Hasina to flee the country [...]read moreCrisis in Bangladesh boosts shares of Indian textile makers
By Bloomberg Published Aug 1, 2024 Canada Goose Holdings Inc. reported higher-than-expected revenue as its Asian stores boosted sales and it introduced new lightweight products for warmer seasons. Canada Goose The Toronto-based luxury parka maker booked revenue of C$88.1 million ($63.7 million) for the fiscal first quarter ended June 30, beating the average analyst estimate [...]read moreCanada Goose boosts sales on Asia strength, lightweight apparel
By Reuters Published Jul 20, 2024 Shoppers spent a record $14.2 billion online across retailers in the United States during the 48-hour Amazon Prime Day event, according to a report from Adobe Analytics on Thursday. Reuters The Amazon sales event has also got retailers such as Walmart, opens new tab and Target, opens new tab launching deals [...]read moreAmazon Prime Day boosts US online sales to record $14.2 bln, Adobe says
Translated by Roberta HERRERA Published Jul 15, 2024 The Catalan fashion brand continues to break records. In the first half of the current fiscal year, Mango reported a 6.3% increase in sales, reaching €1.543 billion. This marks the highest first-half revenue in the brand’s 40-year history. Barcelona – Mango As detailed in a statement released [...]read moreMango boosts sales by 6.3% to €1.543 billion
By Bloomberg Published Jul 12, 2024 Asics Corp. raised its full-year operating profit forecast by 64% on rising demand for its practical running shoes in Japan and abroad. Asics The company, seller of the Onitsuka Tiger brand, expects record operating profit of ¥95 billion ($596 million) for the year through December, it said Friday. It [...]read moreAsics boosts profit estimate on return of the dad sneaker
Fast-growing shirt brand UnTuckIt has partnered with analytics solutions provider RetailNext “to unlock in-store conversions”. UnTuckIt And by leveraging data and insights from its store estate, the partnership has already driven a 6.9% increase in those conversions. The 13-year-old UniTuckIt, which has evolved from a digitally-native brand, has rapidly increased its global store estate since opening [...]read moreUnTuckIt boosts conversions in RetailNext link-up
By Reuters Published Jun 11, 2024 Premium sportswear brands are enjoying robust growth in China as they take to directly courting their main customers, posing yet another setback to megabrands Nike and Adidas as they grapple with local competitors in the $55 billion sportswear market. Reuters Sportswear is a rare bright spot in China’s sluggish [...]read moreIn China, a search for identity boosts Lululemon, premium sportswear brands
By Europa Press Translated by Roberta HERRERA Published Jun 6, 2024 Tendam Brands, which encompasses labels including Women’secret, Springfield, Cortefiel, Pedro del Hierro, and Hoss Intropia, among others, saw total sales rise by 6.5% in its fiscal year 2023, which concluded on February 29, amounting to €1.288 billion, according to the group’s announcement on Thursday. [...]read moreTendam boosts sales by 6.5% in 2023, reaching €1.288 billion
By Reuters Published May 31, 2024 Birkenstock raised its annual revenue and core profit forecasts on Thursday, betting on full-price selling and strong demand for its cork-based sandals and newer closed-toe styles mainly at its own stores, sending its shares up 14.3%. Reuters Most wholesale retailers are still stocking up on popular Birkenstock products despite [...]read moreBirkenstock boosts annual forecasts on full-price selling, firm demand