Nike skids after warning on squeeze from higher discounts, stronger dollar By Reuters Nike Nike The company’s shares, already one of the worst performing Dow components for the year, fell 10% in extended trading. “We’re going to see substantial markdowns…
JD Sports targets 800 stores in US market JD Appointed just six months ago, Schultz wants to achieve double-digit sales growth and profit margins over the next five years and the North American market will be crucial to achieving that…
How carbon emissions are now being used to make sneakers By AFP-Relaxnews Forget polluting materials and oil-based resources, Swiss sports brand On presents a pair of running shoes made from carbon emissions. This is achieved thanks to a combination of…
Canadian retailer Penningtons launches rebrand, retail expansion Canadian plus-size fashion retailer Penningtons launched on Wednesday a brand refresh introducing a new logo with the word ‘Penn’, alongside expansion plans. Canadian retailer Penningtons launches rebrand, retail expansion – Penningtons The refresh…
H&M launches in new markets in Europe, the Americas H&M H&M The Swedish fashion retail giant debuted in Costa Rica in Central America on August 20 with the country becoming its 78th market. There’s clearly plenty of pent-up demand there…
Podcast: Lucie Soulard of Place2Swap discusses tech innovation in second-hand market with Godfrey Deeny Translated by Nicola Mira Helping fashion labels expand in the second-hand market, bypassing third-party intermediation sites like Vestiaire CollectiveVintedGodfrey DeenyFashionNetwork.com Luxurynsight X FashionNetworkEp 55: Lucie Soulard…
Walmart lifts annual forecast, announces $20 bln share buyback By Reuters Walmart Inc on Tuesday lifted its annual sales and profit forecast as demand for groceries holds up despite higher prices, while discounts on clothing and electronics helped it cut…
Converse taps twenty international artists for latest ad campaign Translated by Nicola Mira ConverseNike The ‘Create Now, Create NextInstagramTwitter Some of the artists featured in this campaign are part of Converse’s All Star mentoring programme, showcasing young creative talents hailing from…
PrettyLittleThing in UK launch of resale marketplace, the US to launch next The resale marketplace that PrettyLittleThing PrettyLittleThing The pre-loved app is now online and PrettyLittleThing customers who want to sell via the marketplace can access it from their existing…
Castore raises new funds that value it at £750m Castore, the hugely ambitious British sportswear brand, has raised £50 million from a consortium of banks to expand further and compete with industry giants including AdidasNike Castore In a move that…
