Op-Ed | Amazon Prime Day Is Past Its Prime Amazon Prime Day, the highly anticipated discount extravaganza, has come and gone. While it wasn’t the disaster some had feared, there are signs that both Amazon and observers of consumer spending should not take too much comfort in its success. This year’s Prime Day, which spanned […]
Italy’s Cucinelli Posts 10.7% Increase in First Half Revenues
Italy’s Cucinelli Posts Impressive 10.7% Increase in First Half Revenues Renowned for its exquisite craftsmanship and timeless designs, Italy’s luxury fashion house, Cucinelli, has recently made headlines with its remarkable financial performance. The brand has reported a significant 10.7% increase in revenues for the first half of the year, surpassing market expectations and demonstrating its […]
Does Under Armour Need Kevin Plank?
Does Under Armour Need Kevin Plank? When Under Armour made the surprising announcement that its controversial founder, Kevin Plank, would be returning as CEO, it sent shockwaves through the business world. Investors were left scratching their heads, wondering if this move was the right one for the American sportswear retailer. But why has Plank been […]
Nike CEO John Donahoe to Step Down
Nike CEO John Donahoe to Step Down Nike, the iconic sportswear giant, is undergoing a significant leadership change as CEO John Donahoe steps down. Donahoe, who took the helm in January 2020, has faced challenges during his tenure, and now will be succeeded by Elliott Hill, a seasoned veteran of the company. Hill, who retired […]
Nike’s Complex Relationship With Wholesale, Explained
Nike’s Evolving Distribution Strategy: A Closer Look at the Brand’s Relationship With Wholesale Nike, the iconic sportswear giant, has been making waves in the industry once again with its strategic shift towards third-party retail. This move comes six years after the company initially announced a pivot towards direct-to-consumer channels, signaling a complex and evolving relationship […]
Billionaire H&M Founding Family Speeds Up Share Purchases
Billionaire H&M Founding Family Speeds Up Share Purchases The Persson family, known for its founding roots in the global fashion retailer H&M, has been making waves in the financial world with their recent acceleration in share purchases. As of the end of May, the Persson family and its related companies collectively held over 60 percent […]
Nike Fourth-Quarter Sales Fall by Less Than Expected
Nike Fourth-Quarter Sales Fall by Less Than Expected Nike, the global sportswear giant, recently announced that its fourth-quarter sales fell by less than expected. Despite the decline, CEO Elliott Hill expressed optimism, stating that the company is making progress in its turnaround effort. However, he also acknowledged that a full return to growth will require […]
H&M Billionaire Quietly Moves Retailer Toward Private Ownership
H&M Billionaire Quietly Moves Retailer Toward Private Ownership The Persson family, renowned founders of the global fashion giant H&M, have recently set the business world abuzz with their strategic maneuvers. Despite official statements denying any plans for change, the family’s increasing stake in the company has sparked intense speculation about a potential shift towards taking […]
Gucci Owner Kering in Talks to Sell Stake in $1 Billion Fifth Avenue Property, Sources Say
Gucci Owner Kering Considers Selling Stake in $1 Billion Fifth Avenue Property The Italian luxury conglomerate, Kering, known for its high-end fashion brands such as Gucci and Saint Laurent, is making waves in the business world once again. According to sources, Kering is in talks to sell a stake in a prestigious Fifth Avenue building […]
Nike’s Longtime Design and Innovation Boss John Hoke to Retire
Nike’s Longtime Design and Innovation Boss John Hoke to Retire After a remarkable journey shaping Nike’s design and innovation landscape, John Hoke, the chief innovation officer, is set to retire in October. Hoke’s legacy at Nike spans over 30 years, during which he played a pivotal role in driving the company’s creative direction and pushing […]