All Lifestyle products articles – Page 4
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News briefsAdidas Original by Wales Bonner an exploration of archival looks
The latest release from Adidas Originals continues its collaborative partnership with Wales Bonner. As with other collaborations between the sporting brand and designer Grace Wales Bonner, the collection is an ongoing “exploration of athletic codes.” Source: Adidas The apparel reimagines Adidas’ sporting legacy of the 70s ...
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ArticleDecline in revenue at Safilo in Q3 cushioned by Smith's rebound
The Safilo Group has reported a second consecutive quarter of topline decline as total Q3 revenue dropped by 9.8 percent year-on-year to €260.4 million, with sales declining both in North America and Europe that together account for over 80 percent of sales. Aside from strong currency headwinds, the company attributed ...
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ArticleDeckers publishes latest ESG report
Deckers Brands, owner of a portfolio of brands including Ugg, Hoka, Teva, Sanuk and Koolaburra, has published its Corporate Responsibility and Sustainability Report called Creating Change for the 2023 financial year. The report builds on the progress the company has made towards its sustainable development goals in the areas of ...
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News briefsWHP Global and Authentic reportedly interested in buying Champion
WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company HanesBrands, according to a report by CNBC. Sources also said, however, that a deal is not close to completion, and if HanesBrands ever moves forward, it will not select a buyer until 2024. WHP ...
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ArticleCanada Goose lowers FY24 outlook, increases reliance on DTC
Citing an increasingly challenged global macroeconomic environment and a slowing business in September, Canada Goose has lowered its FY24 total revenue outlook by 7 to 14 percent. Total annual sales are now pegged at CA$1.2 billion to CA$1.4 billion (€819m to €956m). The adjusted guidance assumes direct-to-consumer will represent about ...
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News briefsCanada Goose announces new executive appointments for spring 2024
Canada Goose Holdings Inc. announced that Neil Bowden, currently deputy chief financial officer, has been appointed CFO. He will replace Jonathan Sinclair, who in turn has been appointed President APAC. Both changes will be effective April 1, 2024. Bowden currently leads Canada Goose’s global finance team and has been with ...
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News briefsNew Zealand sneaker brand has a new plant-based alternative to leather
New Zealand-based sustainable shoe brand YY Nation has released a new collection of court sneakers made using cactus. The release of the Fractus Cactus and the Status Cactus coincided with World Vegan Day (Nov. 1). According to YY Nation, the cactus court sneaker range is “Crafted using natural materials extracted ...
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News briefsAlo Yoga eyes $10 billion valuation
Alo Yoga, a privately held yoga firm founded in 2007 and owned by Los Angeles-based Color Image Apparel, is reportedly exploring the securement of a major investment that would value the premium-priced apparel firm at $10 billion. The brand, whose name is an acronym for air, land and ocean, is ...
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ArticleVF Corp. abandons guidance, commences turnaround plan led by former Vans President
Admitting its US business “isn’t working well” and its cost structure is too high, VF Corp. reported its Q2 results with a comprehensive plan to turn around its flagging businesses under CEO Bracken Darrell, who joined the group in late July. Key elements of the strategy focus on fixing its ...
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ArticleDeckers raises full-year guidance again on continued strength from Hoka, Ugg gains
Bolstered by sales contribution from its Ugg brand and continued momentum in its Hoka business, Deckers Brands generated a 76 percent increase in Q2 operating income to $224.6 million on nearly 25 percent total net sales growth to $1.09 billion for the three months ended Sept. 30. Net income was ...
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News briefsInditex to buy €70m worth of Ambercycle’s Cycora
Inditex, Zara’s parent company, has partnered strategically with Los Angeles-based material sciences firm Ambercycle to help scale textile to textile recycled polyester. As part of this agreement, Inditex has signed a three-year commitment to buy Ambercycle’s textile-to-textile recycled polyester Cycora for over €70 million. Cycora is an innovative material made ...
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ArticleSkechers raises full-year earnings guidance as DTC continues to bolster Q3 sales gains
Skechers once again raised its earnings guidance for the full year after reporting better-than-expected results in the third quarter and despite continued uncertainty about the macroeconomic environment and consumer spending. Sales in the three months ended Sept. 30 reached a record $2,025.0 million, up by 7.8 percent compared to the ...
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ArticleMoncler Group’s revenues rise 7 percent in Q3
Moncler Group’s consolidated nine-month revenues rose by 17 percent in constant currency to €1,806.3 million from €1,556.6 million for the period ended Sept. 30. Moncler brand revenues increased by 21 percent in constant currency to €1,496.3 million, driven by ongoing strong growth in the direct-to-consumer channel that increased 18 percent ...
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News briefsOn opens second London store
Swiss sportswear brand On is opening a second London store on Nov. 3. After unveiling a three-story flagship store in London’s Regent Street in February, the brand will now inaugurate a new location at 37 Brushfield Street at Spitalfields Market, in East London. The new 280-sqm store will sell the ...
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News briefsVF Corp. targeted by another activist investor
Only one week after Engaged Capital set its sights on VF Corp., a second activist investor, Los Angeles-based Legion Partners, has acquired an undisclosed stake in the company and wants it to divest brands such as Timberland, Bloomberg reported, citing sources familiar with the matter. VF just named former Nike ...
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News briefsDTC brand Red Run opens flagship in Liverpool
Red Run, an active streetwear brand for women based in Liverpool, England, founded in 2020 during the Covid lockdowns, has opened a 130-sqm flagship store in the Liverpool ONE shopping, residential and leisure complex. To complement Red Run’s direct-to-consumer offering, the brand has partnered with Asics to sell a range ...
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News briefsFarfetch receives EC clearance to buy stake in Yoox Net-A-Porter
Farfetch, the Internet platform for luxury goods, is cleared by the European Commission to acquire a 47.5 percent equity stake in Yoox Net-A-Porter (YNAP) in exchange for Farfetch Class A ordinary shares going to Richemont, a publicly traded company on the Swiss Exchange that operates three luxury business units. Yoox, ...
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ArticleVF Corp. investor pushes for turnaround plan
In a presentation, California-based activist investor Engaged Capital outlined that the parent company of Vans, The North Face (TNF), Timberland, Supreme and others is suffering from bloated overhead that is driving down shareholder value and called for a more detailed turnaround plan for VF Corp. It said that the overhead ...
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News briefsVictoria’s Secret will expand its swim and sportswear offering
Victoria’s Secret has announced plans to widen its swim and sportswear offering to bring customers back. The company had shifted away from those categories in recent years to concentrate on intimates, but underwear sales and customer visits have declined following that decision, the company said during a meeting for investors ...
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News briefsSerena Williams first athlete to receive Fashion Icon award
Serena Williams is receiving the Fashion Icon award at the 2023 CFDA Fashion Awards presented by Amazon Fashion. The tennis champion is the first athlete to receive this award. Williams, who smashed countless records during her career, is also an entrepreneur, philanthropist and designer. Her lifelong passion for design led ...
