American Eagle Withdraws Annual Targets, Writes Down Spring, Summer Inventory American Eagle Outfitters Inc. recently made a significant announcement that sent ripples through the retail industry. The popular apparel maker has decided to withdraw its annual targets due to the unprecedented challenges posed by the ongoing global pandemic. In addition to this strategic shift, the […]
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows
Zegna Group Revenues Down 1% as Wholesale Struggles and DTC Grows Italian luxury fashion house Zegna Group has recently reported a 1% decrease in revenues, reflecting the challenges faced by the wholesale sector while witnessing growth in Direct-to-Consumer (DTC) channels. This shift in revenue streams signifies a broader trend in the fashion industry as consumer […]
OTB’s Annual Sales Fall 4% Despite Growth at Diesel and Margiela
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 […]