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 […]
Do Beauty Brands Need Sample Sales?
Do Beauty Brands Need Sample Sales? In the ever-competitive world of beauty brands, the question of whether sample sales are a necessary strategy has been a topic of debate. Drawing inspiration from the fashion industry, beauty brands have started to adopt the concept of limited-time shopping events to clear excess inventory and generate buzz among […]
How Brands Are Selling Higher Prices to Their Customers
Balancing Act: How Brands Navigate Selling Higher Prices Amid US Tariffs In today’s global market, the impact of US tariffs is creating waves of uncertainty for brands worldwide. As prices rise due to these economic shifts, companies are faced with the challenge of selling products at higher prices without losing their customer base. The key […]
Apple and Samsung brace for impact as US tariffs take effect
Apple and Samsung Face Pricing Pressure Amid US Tariff Implementation As the United States implements new tariffs, tech giants like Apple and Samsung are bracing for the impact on their bottom lines. With the possibility of increased import costs looming large, both companies may find themselves in a tough spot when it comes to pricing […]
Making Sense of This Week’s Big Fashion Bankruptcies
Making Sense of This Week’s Big Fashion Bankruptcies The recent announcements of Forever 21 and Hudson’s Bay heading towards liquidation have sent shockwaves through the fashion industry. These once-thriving retail giants now face the harsh reality of financial collapse, raising concerns about the future of brick-and-mortar stores in an increasingly digital world. However, a closer […]
Mango Adapting to US Tariffs, CEO Says
Mango CEO Toni Ruiz Stands Firm Against US Tariffs, Vows to Maintain Prices Mango, the renowned Spanish fashion retailer, is facing the heat of the US tariffs. However, CEO Toni Ruiz has boldly declared that the company has no intention of raising prices to counteract the tariff effects. This strategic decision, although potentially detrimental to […]
Mango’s Sales Rise 8% in 2024
Mango’s Sales Rise 8% in 2024: A Result of Strategic International Expansion Mango, the renowned Spanish fashion retailer, has recently made headlines with an impressive 8% increase in sales for the year 2024. The company reported a total revenue of 3.33 billion euros ($3.62 billion), marking a significant milestone in its journey towards global success. […]
Tecovas Brings Its Cowboy Chic to New York
Tecovas Brings Its Cowboy Chic to New York Tecovas, the renowned western wear brand recognized for its stylish cowboy boots, is making its mark in the Big Apple. With the opening of a sprawling 4,500-square-foot store in SoHo, Tecovas is signaling a strategic move towards broader retail expansion. The brand’s expansion comes as part of […]
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
Mytheresa’s Profits Skyrocket in Anticipation of YNAP Acquisition Mytheresa, the renowned German luxury e-tailer, has recently made waves in the business world by more than doubling its adjusted earnings in the second fiscal quarter ending in December. This impressive financial performance not only showcases the company’s resilience in the face of economic challenges but also […]
The Business of Beauty Haul of Fame: Can Beauty Sell Without Social?
The Business of Beauty Haul of Fame: Can Beauty Sell Without Social? In an era dominated by social media influencers and digital marketing, the decision of a major player in the beauty industry to step away from social platforms raises intriguing questions about the relationship between beauty brands and social media. Lush, the renowned bodycare […]