Kohl’s Corporation has recently raised its annual profit forecast, buoyed by a strategic emphasis on cost management and lean inventories. This shift comes after the retailer exceeded second-quarter earnings expectations, demonstrating a cautious yet effective response to prevailing market challenges. As consumer spending in apparel and accessories remains cautious, cost-control measures have become essential for […]
Recreating Innovation Summit: A Gateway to the Future of Collaboration
In an era where innovation drives progress, the Recreating Innovation Summit, organized by Founderhood, stands out as a premier event aimed at uniting global stakeholders in the innovation ecosystem. Scheduled from October 24-26 in the picturesque setting of Chania, Crete, this summit promises to be a hub of collaboration, offering invaluable insights and networking opportunities […]
Abercrombie Sales Beat Underwhelms After Big Run-Up in Stock
Abercrombie & Fitch Co. has once again exceeded analysts’ sales expectations, marking the sixth consecutive quarter of positive performance. In the second quarter of 2024, the company’s comparable sales surged by an impressive 18%, surpassing the anticipated growth of 15%. This rise in sales can be significantly attributed to the strength of the Hollister brand […]
Kurt Geiger Increases Sales by Nearly 10% Despite Tough Times for Retailers
In an impressive turnaround, British footwear and handbag retailer Kurt Geiger reported a remarkable 9.4 percent increase in sales for the year ending January 2024, showcasing the brand’s resilience amid challenging conditions for the retail sector as a whole. This growth is not just a blip in an otherwise troubled market; it signals a strategic […]
Building a Resilient Future: How UBC's Social Innovation Hub is Transforming Communities
The COVID-19 pandemic has left a lasting imprint on individuals, institutions, and global supply chains, highlighting the intricate web of interconnectedness that governs our lives. In response to the upheaval, innovative solutions in the form of social innovation, social entrepreneurship, and social enterprise have gained traction. The UBC Social Innovation Hub emerges as a beacon […]
To Restart Growth, Molton Brown Bets on Fine Fragrance
In an ambitious move to redefine its identity and spur growth, Molton Brown, the iconic British bath and body brand, is shifting its focus toward the increasingly lucrative fine fragrance market. Since its foray into fragrance in 2019, the brand has endeavored to broaden its appeal, but its recent initiative, dubbed “Artists of Note,” marks […]
Why Fashion Loves the Next Generation of Tennis Stars
As the tennis greats step away from the court, a new generation of athletes is ready to take the spotlight—not just for their sports prowess, but for their significant markets in fashion and lifestyle. With iconic figures like Serena Williams and Roger Federer now retired, brands are strategically pivoting toward emerging stars such as Coco […]
Ganni to Show at Paris Fashion Week
Danish apparel brand Ganni has made a significant announcement by confirming that it will present its Spring/Summer 2025 collection at Paris Fashion Week. Traditionally known for its strong presence at Copenhagen Fashion Week, this shift signals a strategic pivot for the brand under the new leadership of Laura du Rusquec, a former executive of Balenciaga, […]
Tecovas Launches Wholesale: Expanding Reach in the Western Wear Market
Tecovas, the prominent Austin-based cowboy boot manufacturer, is stepping into the wholesale arena for the first time since its inception in 2015. This strategic move is set to increase the brand’s visibility and accessibility, marking a significant milestone for the direct-to-consumer company that aims to reach new demographics and larger markets. The initial phase of […]
PVH Corp. Reports 6 Percent Sales Drop, Driven By Weak International Segment
In a challenging quarter for global retail, PVH Corp., the parent company of iconic brands Tommy Hilfiger and Calvin Klein, has reported a 6 percent decrease in sales compared to the previous year. This downturn highlights the ongoing struggles in the international market, significantly impacting PVH’s revenue in key regions such as Asia Pacific. For […]