Watches of Switzerland Warns US Tariffs to Weigh on Margin The renowned UK-based luxury watch retailer, Watches of Switzerland, recently sounded the alarm regarding the potential impact of US tariffs on its profit margins. The company disclosed that its margin on earnings before interest and taxes (EBIT) could face a decline of up to 100 […]
How Fashion Brands Should Talk About Inflation
Navigating Inflation: How Fashion Brands Can Address Rising Costs In today’s volatile market, the fashion industry is facing a significant challenge due to the escalating prices of raw materials and persistent supply chain disruptions. These factors are not only impacting companies’ bottom lines but also posing a threat to their profitability and sustainability. As inflation […]
This Week: Fashion’s Back-to-School Dilemma
This Week: Fashion’s Back-to-School Dilemma As the summer draws to a close, retailers are gearing up for the back-to-school season, a crucial time for the fashion industry. With an estimated $11 billion at stake, this period can make or break the yearly revenue for many brands and stores. However, this year presents a unique challenge […]
Swiss Antitrust Authorities Open Investigation Into Nivea Pricing
Swiss Antitrust Authorities Open Investigation Into Nivea Pricing Switzerland, known for its stunning landscapes and precision watches, is now making headlines in the business world for a different reason. The Swiss Competition Commission, also known as COMCO, has recently announced that it will be launching an investigation into the pricing strategies of the popular mass […]
Inside Gap’s Last-Ditch, Tariff-Addled Turnaround Push
Inside Gap’s Last-Ditch Effort to Overcome Tariff Challenges The legacy of Gap Inc., an iconic retailer that found its heyday in the ’90s, has been marred by years of struggle and decline. However, hope flickered on the horizon when Richard Dickson took the reins and spearheaded a promising comeback strategy. Just as the company started […]
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss
Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss Victoria’s Secret, the renowned lingerie brand, has been facing a challenging time as it struggles to make a turnaround under the leadership of CEO Hillary Super. Despite her efforts, the company’s first year under her helm has been marred by various external factors that have posed […]
Kohl’s Posts Better-Than-Expected Sales as It Looks for New CEO
Kohl’s Posts Better-Than-Expected Sales as It Looks for New CEO Kohl’s, the renowned department store operator, has recently made headlines by exceeding expectations in its first-quarter sales performance. Despite a 3.9 percent decline in sales, the company managed to outpace its earlier forecast, showcasing resilience and adaptability in a challenging retail landscape. This positive outcome […]
China’s EV giant decimates local competition by dropping prices on key models
China’s EV Giant BYD Dominates Local Market with Price Drops China’s electric vehicle market just got even more competitive. BYD, one of the country’s leading electric vehicle manufacturers, has recently made a bold move that is sending shockwaves through the industry. By dropping prices on key models, BYD is decimating the local competition and solidifying […]
The BoF Podcast | Inside The Great Luxury Reset
The BoF Podcast | Inside The Great Luxury Reset In the realm of luxury fashion, a profound transformation is underway. Imran Amed, the visionary founder and CEO of The Business of Fashion, and Luca Solca, the esteemed managing director of luxury goods at Bernstein, recently engaged in a riveting discussion with System Magazine’s Jonathan Wingfield. […]
The Tactics Small Brands Are Using to Navigate Tariffs
Navigating Tariffs: Strategies Small Brands Are Using to Overcome Global Trade Uncertainty In the current landscape of global trade uncertainty, small independent brands with a solid customer base in the United States are facing unprecedented challenges. The imposition of tariffs on various goods has forced these businesses to reassess their approaches to pricing, production, warehousing, […]