OTB Struggles with 4% Sales Decline Despite Success Stories at Diesel and Margiela Italian fashion conglomerate OTB, known for its renowned brands such as Diesel, Jil Sander, Maison Margiela, Marni, and Viktor&Rolf, faced a challenging year in 2024. Despite individual success stories within the group, OTB reported a 4.4% decline in turnover, amounting to €1.8 […]
US Clothing Prices Fall in January
US Clothing Prices Fall in January In a surprising turn of events, the latest reports indicate that clothing prices in the United States have taken a downward plunge in January. This unexpected shift comes at a time when prices for all goods have been on the rise, making the decline in apparel costs even more […]
Canada Goose Trims Annual Profit Forecast on Dipping China Demand
Canada Goose Trims Annual Profit Forecast on Dipping China Demand Canada Goose, the renowned luxury outerwear brand, recently made headlines as it announced a reduction in its annual profit forecast due to weakening demand in China. This decision comes amidst a backdrop of weak consumer spending in the region, exacerbated by factors such as youth […]
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail
Forever 21 Considers Bankruptcy Filing If Asset-Sale Plans Fail The retail industry is a volatile business sector, constantly facing challenges and changes in consumer preferences. Forever 21, a prominent player in the fast fashion retail market, is currently navigating rough waters. With the company considering a bankruptcy filing if its asset-sale plans fail, it’s a […]
Marc Jacobs’ American Anatomy
Marc Jacobs’ American Anatomy Fashion designer Marc Jacobs has long been known for his bold and innovative approach to design. With a career spanning decades, Jacobs has continually pushed the boundaries of fashion, creating pieces that are both thought-provoking and visually stunning. In a recent collection titled “American Anatomy,” Jacobs once again proved why he […]
Levi Shares Tumble as Full-Year Guidance Disappoints
Levi Shares Tumble as Full-Year Guidance Disappoints Levi Strauss & Co., the iconic San Francisco-based retailer known for its denim products, recently sent shockwaves through the market as it announced its full-year guidance for fiscal 2025. The company revealed that it is expecting revenue to decline by 1 percent to 2 percent, a disappointing forecast […]
Aritzia: Redefining Shopping One Store at a Time
Aritzia: Redefining Shopping One Store at a Time Not so long ago, Aritzia was a little-known womenswear brand serving elevated workwear staples from a modest footprint of stores. CEO Jennifer Wong talks in The State of Fashion 2025 about how the retailer found itself in hypergrowth — and why excellence starts from within the company. […]