JD Sports expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after …
Growth
LVMH, Richemont Set to Benefit From Middle East’s Fast Growth
The Middle East is expected to become one of the fastest growing markets for luxury in 2023, according to Barclays Plc analysts, with the owners …
Hyper Growth Is Over for Sneakers. What’s Next?
Last year, the sneaker market finally ran out of steam. Bloated inventories, declining sales in China and a high-profile fallout with a controversial celebrity ambassador …
Capturing Fashion’s Growth Potential in the Middle East
When scanning the globe to identify growth opportunities in the year ahead, most fashion executives responding to the BoF-McKinsey State of Fashion 2023 Survey cited …
Cucinelli Sees 28% Sales Growth This Year, Strong Demand in 2023
Italian fashion group Brunello Cucinelli on Tuesday raised its sales guidance for 2022 for the third time this year, saying that demand for luxury goods …
P&G Won’t Rely on Acquisitions to Drive Growth, CEO Says
Procter & Gamble Co. isn’t planning to rely on acquisitions to drive growth, Chief Executive Officer Jon Moeller said. Higher financing costs and lofty expectations …
The BoF Podcast: Millard Drexler on Why ‘Growth Is the Enemy’
To subscribe to the BoF Podcast, please follow this link. LONDON, United Kingdom — “There are too many choices,” said retail legend Millard Drexler in …
TikTok Is Calling This Oil ‘Magic In A Bottle’ When It Comes To Hair Growth
Image Credit: New Africa/Adobe If you purchase an independently reviewed product or service through a link on our website, we may receive an affiliate commission. …
LVMH Beats Estimates, Blames Tourist Shopping for Slowing US Growth
LVMH’s third quarter revenues rose 20 percent on an organic basis to €19.8 billion ($19.3 billion). The group’s fashion and leather goods division, including profit …
How AR Strategies Can Drive Growth in Fashion & Beauty
By 2025, virtual and augmented reality is expected to become an $80 billion market, according to the Goldman Sachs Technology Research Group. The blending of …
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
Klarna Bank AB, months after announcing major job cuts and taking a $39 billion hit to its valuation, is planning to restructure parts of its …
Ralph Lauren Sees Faster Growth on Pricing, New Customers
Ralph Lauren Corp. is targeting sales growth over the next three years that’s faster than Wall Street’s estimates, with the fashion brand aiming to pick up new …
US Holiday Sales Growth Likely to Slow as Inflation Hits Shoppers
US sales growth is expected to slow this holiday season as consumers facing decades-high inflation cut back on discretionary spending, according to the Mastercard SpendingPulse …
Iranian Fashion Retailers Pursue Growth Amid Sanctions
Local brand representatives at the fourth edition of the Iran Retail Show, held at the Tehran International Exhibition Centre from July 24 to 27, signalled …
BoF LIVE: How Marketplace Models Can Drive Growth in Fashion
BoF’s senior content strategist, Alice Gividen, meets Holden Bale, global head of commerce at Huge and Steve Dool, brand director at Depop, to discuss the …
Brazilian Retail Giant Magazine Luiza Returns to Growth
Magazine Luiza SA reported net revenue of 8.7 billion reais ($1.7 billion) in the first quarter of 2022, up 6.2 percent year-on-year, signalling a return …
Brazilian Footwear Giant Arezzo & Co Posts Q1 Revenue Growth
The footwear and accessories conglomerate reported an adjusted net income of 58 million Brazilian reais ($11.34 million) in the first quarter of 2022, an increase …
Amazon Projects Slower Growth, Raising Fears of Consumer Letdown
Amazon.com Inc. projected sluggish second-quarter sales growth, as the largest online retailer struggles to build off the dramatic gains it made early in the pandemic. …
Meta Shares Rise as Facebook Records Stronger-Than-Expected Daily User Growth
Facebook parent Meta Platforms Inc shares soared on Wednesday as it reported quarterly daily active users above Wall Street estimates, even as it recorded its …
Dsquared2 Eyes Growth with New CEO Appointment
After three and a half years without a chief executive, the Milan-based label founded by Canadian twins Dean and Dan Caten has now tapped Sergio …