As global travel returns and tourism surges, Japan has seen a remarkable influx of shoppers eager to take advantage of its luxury offerings and the weaker yen. Among these consumers is a growing appreciation for high-end watches, particularly from the Seiko Group’s premium brand, Grand Seiko. This Japanese watchmaker, often dubbed the “Japanese Rolex,” is […]
Adidas’ Remarkable Turnaround: From Crisis to Confidence
In October 2022, Adidas faced one of its gravest challenges when it abruptly cut ties with its Yeezy sneaker partnership. This collaboration with Ye—once known as Kanye West—had the potential to account for approximately 8 percent of Adidas’ sales, representing a significant income driver for the brand. The decision to terminate this lucrative partnership arose […]
Leveraging ‘Deal Days’ for Long-Term Marketplace Success
In today’s competitive retail landscape, understanding and capitalizing on shopping events known as “Deal Days” can be a game changer for brands aiming to thrive in e-commerce. In 2024, during Amazon’s 48-hour Prime Day sale, US shoppers spent over $14 billion online—a staggering increase of 11 percent from the previous year. This trend highlights the […]
Cetaphil Owner Galderma Sales Lift 9.2% on Strong Skincare and Injectable Demand
Galderma, the Swiss skincare company renowned for its Cetaphil brand, has reported a remarkable 9.2% increase in sales during the first nine months of the year, totalling $3.26 billion. The firm credits this growth to robust product performance within both the skincare and injectable aesthetics categories across international markets, particularly in Europe, China, and Latin […]
P&G Reports Weak Sales Growth on Lower Beauty Demand
In a challenging economic landscape, Procter & Gamble Co. (P&G) has reported lackluster financial results once again. The company recorded a mere 2 percent rise in organic sales for the fiscal first quarter ending on September 30, falling short of analysts’ expectations of 2.1 percent growth. This marks the second consecutive quarter of slow sales […]
Cucinelli Bucks Gloomy Industry Trend With Revenue Rise
In a challenging landscape for luxury brands, Brunello Cucinelli stands out with impressive revenue growth, underscoring a strategic focus that appears to resonate well with today’s high-end consumers. The company reported a significant 12.7% rise in revenues at constant exchange rates for the first nine months of this year, a trend that shines brightly against […]
Adidas Raises 2024 Guidance Again, Citing Good Brand Momentum
Adidas, the German sportswear giant, showcased its remarkable recovery strategy on October 15, announcing a revision of its 2024 sales and profit forecasts. Citing unexpected strong performance in the third quarter, Adidas reported a surge in demand for its classic Samba and Gazelle shoes, driving a significant upgrade in its financial outlook. This marks the […]