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...The US group reported a profit before tax of $6.2bn for the year to May....
...Tom Ford’s beauty line has done particularly well in China, a growth market for both groups....
...Flutter proposes moving listing from UK to New York (FT) Arc’teryx apparel maker Amer Sports considers IPO price below range (FT) Private equity firm McWin buys €80mn restaurant group Sticks’n’Sushi (...
...Jacobs describes himself as a “Bitcoiner” on X and is the co-founder of FOMO21, a bitcoin apparel and merchandise shop....
...Nimmo has led the struggling KPMG spinout since its 2021 sale to Miami-based private equity group HIG Capital....
...in Africa (FT) Arc’teryx apparel maker Amer Sports raises less than hoped in IPO (FT) Deutsche Bank pledges to boost dividend and cut jobs (FT) BNP Paribas shares fall after downgrade to profit target...
...The rise was down to new demand and not simply higher prices, and in fact its estimate would have been even higher if the figure was adjusted for inflation, the data group said....
...Shelly Cove, an apparel company in North Carolina, laid off its four-person marketing team last month when its cash reserves dried up and it realised spending more money on Facebook ads would not ramp up...
...The group’s stock fell 36 per cent last year as a slowdown in discretionary spending weighed on sales and profit....
...Returns also come from padel apparel and at some point club memberships. Others, like Game4Padel, have a different approach....
...Tapestry said the acquisition would expand its portfolio in the “$200bn+ global luxury market for handbags, accessories, footwear and apparel”....
...This article has been updated to clarify that Higg Inc has rebranded as Worldly, not the Higg Index as incorrectly stated in a previous version. ...
...Each is a globe-spanning corporate empire of baffling diversity, encompassing such disparate activities as apparel design, convenience store retailing and construction....
...Worse, Old Navy — the crown-jewel of the group — is contending with slowing sales of its own. Lower income shoppers who make up the brand’s base are cutting back on discretionary spending....
...A version of this article was first published by Nikkei Asia on March 30. ©2023 Nikkei Inc. All rights reserved....
...Apparel stocks have underperformed the wider market....
...“The promotional environment has become more intense, especially in apparel,” he said....
...Thus, for the fiscal year that ended in August, the group is forecasting record profits....
...The on-field rights primarily affect accessory products, such as gloves, as well as apparel worn by athletes at the NFL Combine, a scouting event for new players....
...In Vietnam, another big exporter, sportswear brand Decathlon and the Vietnam Textile and Apparel Association are among the groups urging factories to adapt in anticipation of the EU rules....
...Patagonia, the outdoor apparel company, said it would bail out employees arrested during peaceful protests....
...However, Target reported that from early March sales across apparel and homeware had suffered a rapid slowdown....
...But it is now having to resort to more markdowns than planned, particularly to shift inventory in apparel....
...A version of this article was first published by Nikkei Asia on June 29 2022. ©2022 Nikkei Inc. All rights reserved....
...Additional reporting by Rurika Imahashi, Peggy Ye and Jack Stone Truitt A version of this article was first published by Nikkei Asia on June 20 2022. ©2022 Nikkei Inc. All rights reserved....
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