The News In Brief
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Bangladesh Garment Industry Short on Cotton as Floods Worsen Protest Backlog
Garment factories in Bangladesh, one of the world’s biggest clothing production hubs, are struggling to complete orders on time as flooding disrupts their cotton supplies - exacerbating a backlog caused by recent political turmoil.
Ulta Beauty Cuts Sales Outlook on Slowing Consumer Demand
Ulta Beauty Inc. trimmed its sales forecast as more US consumers cut back on makeup and cosmetics in the face of higher prices and elevated borrowing costs.
Lululemon Cuts Annual Forecasts on Tepid Us Demand, Rising Competition
Lululemon Athletica cut its annual sales and profit forecasts on Thursday, hurt by increased competition and selective consumer spending in North America for its pricey leggings and tank tops.
The Independents Expands to Middle East With Latest Acquisition
The Independents is buying Bureau Béatrice, a multi-media and creative technology agency based in Dubai, United Arab Emirates.
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Kohl’s Profit Gets a Lift From Cost Controls, Leaner Inventories
The retailer has increased its annual profit forecast after surpassing second-quarter earnings expectations, buoyed by effective cost management and reduced inventory.
Abercrombie Sales Beat Underwhelms After Big Run-Up in Stock
The company surpassed analysts’ sales expectations for the sixth straight quarter, with a notable 18 percent rise in comparable sales driven by Hollister, though gross margins fell slightly short.
Kurt Geiger Increases Sales by Nearly 10% Despite Tough Times for Retailers
The company said its revenues had risen by 9.4 percent in the year to the end of January 2024. Sales of handbags boomed after it cut prices by 5 percent compared with three years ago, just as many luxury brands had upped price tags.
Kurt Geiger Increases Sales by Nearly 10% Despite Tough Times for Retailers
The company said its revenues had risen by 9.4 percent in the year to the end of January 2024. Sales of handbags boomed after it cut prices by 5 percent compared with three years ago, just as many luxury brands had upped price tags.
Ganni to Show in Paris
The move comes after the brand — typically a mainstay of Copenhagen Fashion Week — hired Laura du Rusquec, a former Balenciaga executive, as CEO in April.