Puma said on Wednesday a return to growth in the Americas helped it meet first-quarter sales forecasts, sending the German sportswear group’s shares 4 percent …
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Zara Re-Enters Venezuelan Market | BoF
Spanish fast fashion retailer Inditex on Thursday relaunched its business in Venezuela with the opening of a Zara store via a franchise agreement. In 2021, …
L’Oréal Q1 Sales up 9.4% on Strong Mass Market Demand
The French cosmetics giant, which owns the Maybelline and Lancôme brands, reported sales of 11.24 billion euros ($11.98 billion) for the first three months to …
Nike Pins Hopes on Olympics to Win Back Market Share
Nike unveiled Olympic kits for the teams it sponsors on Thursday alongside athletes including Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting …
JD Sports’ January Sales Fall in ‘Challenging’ Market
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent. …
Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm in Hong Kong, shelving a much-anticipated debut that could …
Shein to Market Supply Chain Infrastructure to Global Brands, WSJ Reports
China-founded fast fashion company Shein will make its supply-chain infrastructure and technology available to global brands, the Wall Street Journal reported on Wednesday, citing a …
Why Kate Middleton Wore a Men’s Hoodie During That Farmers Market Outing
As Kate Middleton either privately recovers from surgery or perpetrates an elaborate hoax (who can say!), she’s once again using her clothes to send a …
Inside Angola’s Secretive Luxury Market
Angola’s bustling capital city of eight million people never sleeps. Parties in Luanda are held throughout the week and often have unspoken dress codes. Among …
Beyonce’s New Hair Care Line Enters a Market Craving Disruption
Following a series of Instagram teases dating to May, Beyoncé officially launched her self-funded hair-care line Cécred (pronounced like “sacred”) on Feb. 20. This isn’t the megastar’s …
The Sneaker Resale Market Is Broken
Last fall, two of Europeâs largest sneaker marketplaces, Netherlands-based Restocks and Franceâs Kikikickz, filed for bankruptcy. To the casual observer, their failure appeared to come …
TikTok’s Parent Company Enters China’s Perfume Market
ByteDance, the parent company of Tiktok and its Chinese version, Douyin, has launched its own fragrance brand. The Emotif line of perfumes, developed by a …
What Chanel’s Resale Win Means for the Market
Chanel has built one of the world’s most valuable luxury brands in part by maintaining strict control over the way its products are distributed. The …
L’Oréal Posts Record Results, Becomes Global Market Leader for Prestige Beauty
While success was seen across the board, particular growth was once again noted in its dermatological beauty division, which is made up of brands such …
How Luxury Players Are Reviving New York’s Real Estate Market
“New York City is dead forever.” In the bleak summer of 2020, that headline ripped through a pandemic-alerted reality and touched a nerve. Jerry Seinfeld …
China’s Luxury Market Expected to Grow By Mid-Single Digits in 2024
While the Chinese luxury market saw a strong rebound in 2023 following the lifting of pandemic restrictions, it will face a tempered recovery in 2024 …
Unilever’s US, European Market Share Slips as Private Label Booms
Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories …
Luxury as the Next Stock Market of Things: Josh Luber
OXFORDSHIRE, United Kingdom — The brands that peddle them leverage scarcity as their business model, creating a disparity between demand and supply, said Josh Luber, …
In China’s Slowing Beauty Market, Big Brand Discounts Won’t Cut It
Expensive beauty hauls are a thing of the past for Evelyn Zhu. The Chinese branding professional says she now only spends on skin care essentials, …
Gulf Luxury Recommerce Market to Hit $780 Million by 2026, Chalhoub Group Forecasts
The luxury re-commerce market in the Gulf region is expected to hit a value as high as $780 million by 2026, up nearly 60 percent …