Business

Adidas' sale of Reebok could fetch 1 billion dollars

As Adidas’ sale of Reebok enters its operational phase, the German sportswear giant could net just one billion dollars according to some estimates. That is almost 3 billion dollars less that its acquisition price in 2005, when it was purchased for 3.8 billion dollars. According to sources cited by Reuters, Adidas is ready to begin considering...

7 May 2021

Retail

April footfall improves but still far from pre-Covid levels

Footfall in the UK has recovered strongly since non-essential stores were permitted to reopen last month, but still remains some way off pre-Covid 2019 levels, new data reveals. Total UK footfall fell by 40 percent last month compared to two years earlier, according to the latest data from BRC-Sensormatic, which this year compared footfall with...

7 May 2021

Business

Revolve profit soars as demand for 'going out' clothes returns

LA-based fashion e-tailer Revolve has reported record profit in the first quarter of the year as US lockdown restrictions eased, stimulus checks were distributed, and demand for going-out clothes returned. The company, which targets Millennial and Gen Z consumers, said net income hit 22.3 million dollars in the first quarter ended March 31, a...

7 May 2021

Fashion

Fall/Winter 2021 macro theme: Uber refined vintage

Trendstop brings FashionUnited readers a key, early mainstream macro theme for Fall Winter 2022, Uber Refined Vintage. Vintage revival trends continue to evolve as traditional colour palettes, print ideas and shapes are revisited and reinterpreted through a modern lens. As consumers seek comfort in nostalgia and move towards a more investment...

7 May 2021

More News