Chinese Firms Boost Competitive Edge with DeepSeek AI Models In the fast-paced world of technological innovation, staying ahead of the curve is imperative for businesses looking to maintain a competitive edge in the global market. Chinese firms have long been at the forefront of embracing cutting-edge technologies to drive growth, and the adoption of DeepSeek […]
Former Fendi Chief to Lead Jil Sander
Former Fendi Chief Executive Serge Brunschwig Takes the Helm at Jil Sander The fashion industry is no stranger to high-profile executive shuffles, and the latest move sees former Fendi chief executive Serge Brunschwig stepping into the role of CEO at Jil Sander. This announcement also comes with the additional title of chief strategy officer at […]
Ferragamo Parts Ways With CEO Marco Gobbetti
Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]
The BoF Podcast | The Luxury Crisis, Explained
The Luxury Crisis: Understanding the Forces Behind the Slowdown In a recent episode of The BoF Podcast, Imran Amed and Bob Safian engaged in a thought-provoking discussion about the current state of the luxury industry. The conversation revolved around the various forces that have contributed to the slowdown in the luxury sector and what steps […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
Levi Shares Tumble as Full-Year Guidance Disappoints
Levi Shares Tumble as Full-Year Guidance Disappoints Levi Strauss & Co., the iconic San Francisco-based retailer known for its denim products, recently sent shockwaves through the market as it announced its full-year guidance for fiscal 2025. The company revealed that it is expecting revenue to decline by 1 percent to 2 percent, a disappointing forecast […]
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates
Vans Parent VF Corp Swings to Profit, Beats Sales Estimates VF Corp, the parent company of popular brands like Vans, has recently made a significant comeback in the retail industry. After facing two consecutive quarterly losses, the company has managed to turn a profit and exceed second-quarter sales estimates. This impressive achievement has not only […]
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off
VF Corp Beats Quarterly Estimates as Turnaround Plan Pays Off VF Corporation, the renowned American apparel and footwear company, has recently reported impressive financial results, surpassing revenue and profit estimates for the third consecutive quarter. This achievement marks a significant turnaround for the company, which had been grappling with demand headwinds and losses earlier in […]
Luxury’s China Priorities in the Year of the Snake
Luxury Brands Facing Challenges in China Market in the Year of the Snake The allure of the Chinese market for luxury brands is undeniable. With its growing middle class and increasing disposable income, China has been a key focus for many luxury brands looking to expand their global reach. However, the Year of the Snake […]
The Live Shopping Boom Doesn’t Stop with TikTok
The Live Shopping Trend: From TikTok to Mainstream Retail Live shopping has been making waves in the retail industry, thanks in part to the influence of social media platforms like TikTok. While TikTok has played a significant role in popularizing live shopping outside of China, experts believe that this trend is far from reaching its […]