They say that before you can solve a problem, you have to admit you have one. So it is for Gap Inc. Like an unreformed addict, it’s been working on its turnaround for years but it has never really come out and admitted that the problem is fundamental. Until now. Yesterday, on reporting yet another…
The latest gorgeous, pouting face of a beauty brand is… David Beckham. Yep, striking a blow for older models, the 41-year-old is teaming up with L’Oréal’s Biotherm brand. But this is no attempt to target older consumers. In fact, millennials are the consumers in Biotherm’s sights.
Years ago I used to headline every Coach results story with words like “unstoppable” or “powering ahead”. But then came the inevitable reversal when profits fell off a cliff and it seemed the whole world was buying Michael Kors bags instead. So it’s good news that, after a bruising period, Coach appears to be back…
So it’s a big hug and bye-bye to Francisco Costa and Italo Zucchelli at Calvin Klein. But is it an even bigger hug and a huge hello to Raf Simons at everyone expects? I do hope so. I’m a fan of much of what Costa did at the runway line but I’m an even bigger fan…
The spring season may not have started that well but Mother’s Day on May 8 in the US should bring some relief if a new survey is to be believed. The annual Brand Keys Mother’s Day Survey shows that around 80% of respondents plan to but clothing as gifts. Around 59% will buy jewellery and…
Associated British Foods has been expanding its Primark star brand in recent months (its latest launch it Italy). So how is it doing? Times may be tough for many, and Primark isn’t immune, it seems, although it’s still hugely profitable.
The departure of Net-A-Porter founder Natalie Massenet from the newly-merged Yoox Net-a-Porter doesn’t seem to be holding the luxury e-tailer back. The latest evidence of this is that Dubai’s Alabbar Enterprises has paid €100m for a 4% stake. That’s an almost-6% premium on the price the shares closed at yesterday and values the firm at…
Fashion Revolution, the not-for-profit group aiming to boost transparency in the fashion industry, and Ethical Consumer, have released new research highlighting the lack of transparency in the global fashion supply chain. And guess what? It doesn’t make encouraging reading. But some surprising brands score well and some equally surprising ones are bottom of the list.…
A few years ago, Sports Direct tycoon Mike Ashley vowed to finish off rival JD Sports. Not only did he fail in that aim but JD has gone from strength to strength (while Sports Direct has issued profit warnings) and JD’s latest results show that the athleisure trend is helping it to prosper. Once upon…
So Prada delivered hugely disappointing results on Friday and promised some ideas about how it would turn itself around at a conference call on Monday. That call has happened. Are we any the wiser?
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