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 […]
Kering Shares Surge as Renault CEO Set to Join for Turnaround
Kering Shares Surge as Renault CEO Set to Join for Turnaround French luxury group Kering is making headlines as its shares experience a significant surge following reports that Luca de Meo, the current CEO of Renault, is set to join the company in the coming days. This move comes as Kering looks to navigate a […]
Former Expedia CEO Buys Troubled Luxury Lingerie Brand La Perla
Former Expedia CEO Peter Kern has made headlines in the business world once again, this time for his recent acquisition of the troubled luxury lingerie brand La Perla. The Italian brand, which has been facing legal challenges and financial difficulties, was purchased by Kern for a reported €25 million. This move marks a significant shift […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
Nike Adds New Strategy Head to Aid Company Turnaround
Nike Names Jennifer Hartley as Chief Strategy Officer to Drive Company Turnaround Nike, the global sportswear giant, has recently made a strategic move by appointing Jennifer Hartley as its new Chief Strategy Officer. With years of experience in strategic planning and business development, Hartley is set to play a pivotal role in steering Nike towards […]
This Week: Is H&M’s Turnaround Working?
Is H&M’s Turnaround Gaining Momentum? H&M, one of the leading fast fashion retailers globally, has been on a mission to revamp its image and regain lost ground in the highly competitive retail industry. The company is set to release its first-quarter results this week, offering a glimpse into whether its turnaround efforts are proving successful. […]
Nike Falls Below $100 Billion in Value as Turnaround Sputters
Nike Falls Below $100 Billion in Value as Turnaround Sputters Nike, the renowned activewear brand, is facing a turbulent period as its shares plummeted by as much as 9.3 percent following a disappointing earnings report. This decline has pushed the company’s value below the $100 billion mark, raising concerns among investors and industry experts. The […]
This Week: Will Nike Show the First Steps of a Turnaround?
This Week: Will Nike Show the First Steps of a Turnaround? Nike, the sportswear giant, is gearing up to report its first full quarter under the leadership of new CEO Elliott Hill. The company is on a mission to stage a remarkable comeback after facing challenges in the recent past. With Hill at the helm, […]
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 […]
The Body Shop is Profitable Again, Says CEO
After a challenging period marked by significant losses and store closures, The Body Shop has reported a notable turnaround in its financial performance. Under the leadership of new CEO Charles Denton, the ethical beauty retailer announced a profit of $2.5 million from $34.5 million in sales in the first three months since its acquisition by […]