L’Oréal Sales Increase 2.4%, Missing Expectations L’Oréal, the world’s largest beauty company, recently reported a 2.4% increase in sales. While this growth is undoubtedly positive, the company fell slightly short of analyst expectations. The primary factors contributing to this shortfall were challenges in the travel retail sector and slower growth in Europe, which put pressure […]
LVMH Fashion and Leather Goods Sales Fall 9 Percent
LVMH Fashion and Leather Goods Sales Fall 9 Percent The luxury fashion industry is facing challenging times as LVMH, the world’s largest luxury group, reported a 9 percent decline in sales for its Fashion and Leather Goods division. This news comes as part of a broader trend, with the group’s overall sales falling by 4 […]
Luxury’s Gulf Between Winners and Losers Is Widening
The Gulf Between Winners and Losers in Luxury: Analyzing the Impact of Wide Revenue Growth Results As the luxury sector gears up for another earnings season, all eyes are on the performance of key players in the industry. Analysts are predicting a significant variance in revenue growth among luxury brands, setting the stage for a […]
Canada Goose’s Private Equity Backer Weighs Stake Sale
Canada Goose’s Private Equity Backer Considers Stake Sale Bain Capital, the private equity firm that holds the reins of the renowned luxury parka manufacturer Canada Goose, is currently contemplating the possibility of parting ways with its stake in the company. This potential move has stirred considerable interest and speculation within the business and investment communities, […]
Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event
Amazon Prime Day Sales Plunge 41% in First Day of Four-Day Event Amazon Prime Day, the highly anticipated annual event known for its massive sales and deals, kicked off to a surprising start this year. The e-commerce giant saw a significant 41% plunge in sales during the first day of the four-day event, leaving both […]
Gymshark Lays Off 65 US Employees
Gymshark Lays Off 65 US Employees In a recent turn of events, UK-based activewear brand Gymshark has decided to lay off 65 employees at its US offices in Denver. This move comes as part of a restructuring effort aimed at streamlining operations and optimizing efficiency in the competitive retail landscape. The decision, while undoubtedly a […]
Amazon Prime Day Set to Lift US Online Sales to $23.8 Billion, Adobe Estimates
Amazon Prime Day Set to Lift US Online Sales to $23.8 Billion, Adobe Estimates Amazon Prime Day is just around the corner, and the anticipation is building as e-commerce giant Amazon gears up for its annual sales event. According to Adobe Analytics, online sales in the United States from July 8 to 11 are projected […]
Two decades on, WSIS+20 sets course for inclusive digital future
Two Decades On, WSIS+20 Sets Course for Inclusive Digital Future As the world grapples with the promises and perils of a rapidly evolving digital landscape, global leaders convened in Geneva to chart a course that leaves no one behind. The World Summit on the Information Society, also known as WSIS, celebrated its 20th anniversary by […]
Adidas’ Plans for Yeezy: What We Know
Adidas’ Plans for Yeezy: What We Know Adidas, the renowned German sportswear giant, has been making waves in the industry with its collaboration with Kanye West, the Yeezy brand. The partnership between Adidas and Yeezy has been immensely successful, with sneakers flying off the shelves as soon as they are released. However, recent reports suggest […]
Supreme Revenue Declined in Financial Year Ended March 2023
Supreme Revenue Declined in Financial Year Ended March 2023 Supreme, the iconic New York-based streetwear brand, has long been a powerhouse in the fashion industry, known for its exclusive drops, collaborations, and cult following. However, recent financial reports have revealed a decline in revenue for the year ended March 2023. According to VF Corp’s annual […]