Canadian athletic apparel maker Lululemon Athletica posted first-quarter profit that beat expectations on Thursday as revenue jumped 25 percent, sending the company’s shares to an all-time high in after-hours trade.
Philadelphia-based lifestyle group URBN announced on Thursday the departure of David McCreight, CEO of apparel retailer Anthropologie Group and president, URBN, who will be leaving the company on April 27, 2018.
Michael Kors is entering the golf world through a sponsorship of pro golfer, Charl Schwartzel, who will serve as the company's first brand ambassador in golf. Schwartzel will help expand the brand's sportswear category.
Canadian athletic apparel maker Lululemon Athletica on Tuesday posted a surprisingly strong fourth-quarter profit and forecast further growth in the first quarter, sending its shares surging in after-hours trading.
Nike has dominated Brand Finance's most valuable apparel brand ranking in 2018, followed by giants H&M and Zara and Adidas, with luxury labels Hermès, Louis Vuitton, Gucci and Cartier all trialling close behind.
Kenneth Cole has entered into a four-year licensing deal with UK-based GBG Europe Footwear and Accessories Limited to distribute men's and women's footwear, and manufacture and distribute women's handbags in EMEA.