Articles by Huw Hughes
Macy’s taps Casper Sleep CEO as new board member
18 hours ago - People
US department store chain Macy’s has appointed Emilie Arel to its board of directors. Arel has served as chief executive officer and president of e-commerce company Casper Sleep since 2021, before which she held various leadership roles at companies including Target, Gap, and Quidsi. Commenting on her appointment in a statement, Arel said: “I am...
Swiss brand On ups FY guidance following strong Q2
21 hours ago - Business
Swiss performance brand On has upped its full-year outlook after reporting a 66.6 percent increase in net sales in the second quarter as its net income more than tripled. On, which floated on the New York Stock Exchange last September, made net sales of 291.7 million Swiss francs (CHF) in the quarter ended June 30, up from CHF 175 million a year...
Sneaker retailer Kick Game reportedly eyeing 150 million pound sale
21 hours ago - Business
London-based Kick Game has reportedly called in advisers to explore strategic options which could include a sale. The sneaker retailer has drafted in professional services firm PwC to explore a potential 150 million pound sale, Sky News reports. The process is expected to last several months. FashionUnited has reached out to Kick Game for...
Watches of Switzerland Q1 revenue up, but warns of potential challenges in H2
1 day ago - Business
Watches of Switzerland has reported revenue of 391 million pounds in the first quarter ended July 31, up 25 percent at constant currency and up 31 percent at reported rates. Luxury watches revenue was up 32 percent to 342 million pounds, while luxury jewellery revenue grew 36 percent to 27 million pounds. Breaking it down by geography, revenue...
Canada Goose Q1 revenue up 24 percent
1 day ago - Business
Canada Goose has reported a 24.3 percent increase in revenue in the first quarter of the year, which was ahead of expectation. In the three months ended July 3, the outerwear specialist made revenue of 69.9 million Canadian dollars, up from 56.3 million Canadian dollars a year earlier. Analysts had expected revenue of 62.6 million Canadian...
Wolverine Worldwide lowers FY outlook after missing on revenue
10 Aug 2022 - Business
Wolverine Worldwide has cut its full-year revenue outlook after missing its expectation in the second quarter of the year. In the three months to July 2, the US company made revenue of 713.6 million dollars, up 12.9 percent from the prior year and up 25.5 percent from two years ago. Its international business performed particularly well, with...
Dutch retail giant Ahold Delhaize postpones IPO of Bol.com
10 Aug 2022 - Business
Dutch retailer Ahold Delhaize has announced the postponement of its planned IPO of e-tailer Bol.com. The company had originally planned for an IPO in the second half of the current fiscal year, but has now said it will “revisit” the plan “when equity market conditions are more conducive”. The news came as Ahold reported net sales of 21.4 billion...
Stila Cosmetics appoints Michelle Kluz as new CEO
10 Aug 2022 - People
US cosmetics company Stila Cosmetics has named Michelle Kluz as its new chief executive. Kluz is the founder of Sydney-based luxury activewear label Urban Savage, and was previously CEO of Pure Barre, as well as CEO of BBRC. “Stila's innovative yet approachable products and commitment to authenticity matches my passion for consumer-centric...
Sustainability pop-up opens on Regent Street
10 Aug 2022 - Retail
The Crown Estate has teamed up with independent designer concept store Lone Design Club to open a sustainability-focused pop-up store on London’s Regent Street. The pop-up, named The Conscious Edit, will shine a spotlight on emerging brands, companies, and individuals “working hard towards a more sustainable future”. It will bring together “...
Ralph Lauren Q1 revenue up 8 percent, beating estimates
9 Aug 2022 - Business
Ralph Lauren beat revenue expectations in the first quarter of the year. The US fashion brand reported net revenue of 1.5 billion dollars, an increase of 8 percent compared to the previous year, or 13 percent on a constant currency basis. Breaking it down by geography, revenue in Ralph Lauren’s home market of North America was up 6 percent to...