Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
business-slowdown
News & Analysis
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
Ralph Lauren to Cut Jobs, Shops and Real Estate
Ralph Lauren Corp said it would cut jobs, close stores and reduce its real estate as part of a sweeping plan to lower costs and revive sales growth.
News & Analysis
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Burberry CEO Gets 75 Percent Pay Cut Amid Struggle for Growth
Christopher Bailey’s remuneration fell to £1.9 million in the year through March from £7.5 million a year earlier.
Retail
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Gap Says Key Sales Measure Slides 6 Percent in May
Gap says sales at established stores fell 6 percent in May. That was better than the 7 percent decline forecast by Thomson Reuters.
Financial Markets
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
Zumiez Reports 1Q Loss
Zumiez Inc. has reported a fiscal first-quarter loss of $2.1 million, after reporting a profit in the same period a year earlier.
News & Analysis
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
Under Armour Cuts Outlook, Cites Sports Authority Closing
Under Armour is cutting its full-year revenue guidance, saying that the closure of Sports Authority stores will hurt its sales.
News & Analysis
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
UK Fashion Retailer Austin Reed to Wind Down
British fashion retailer Austin Reed Ltd will start winding down as no viable offer was received for the company over a five-week sale process, its joint administrators has announced.
News & Analysis
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Tiffany's 'Old-World Luxury' Fails to Charm Millennials
Tiffany's jewellery, long considered a status symbol and synonymous with weddings and anniversaries, is failing to charm millennials.
Retail
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Gap to Close 75 Old Navy, Banana Republic Stores Outside North America
Gap Inc said it would shut 75 Old Navy and Banana Republic stores overseas markets, as the struggling apparel retailer focuses on its North American market to revive its fortunes.
Retail
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
Middle East Luxury Sales Fading as Oil Falls and Tourism Slows
Falling crude prices have crimped the spending power of luxury-goods consumers in the Middle East, while a weak ruble means fewer free-spending Russians have visited the region.
The News in Brief
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Exclusive: Akt London Enters Sephora
The UK label will roll out its hero deodorant to Sephora US doors and launch its full assortment online as the LVMH-owned retailer expands its body care offering.
Zalando Forecasts 2026 Profit Jump Driven by AI Boost
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
Lululemon Founder Warns CEO Candidates That Board Needs Overhaul
Chip Wilson wrote an open letter to potential candidates for the activewear brand’s next chief executive warning them of problems at the company.