Following a string of strong quarterly results, the American sportswear retailer reported declines in both sales and earnings in the second quarter ended August 3, 2019, falling short of Wall Street's expectations.
U.S. e-marketplace StockX recently raised $110 million in capital. FashionNetwork.com met in Paris with its co-founder and CEO, Josh Luber, who explained the site’s ‘stock market of things’ concept and future projects.
A new report analyzing forced labor risks within the supply chains of 43 apparel and footwear companies found discouraging results, with LVMH, Salvatore Ferragamo, Prada, Skechers and Footlocker earning poor scores.
Piper Jaffray has released the results of its 36th “Taking Stock With Teens” study, showing that Gen-Z girls are now spending three times more on beauty than accessories, while streetwear still dominates apparel trends.
The sportswear retailer has announced net income of $88 million for the second quarter ended August 4, 2018, compared to the $51 million reported in Q2 2017, with rises in net sales and comps contributing to the uptick.
Asics has launched a new product line called Hypergel with Steve Aoki which will debut exclusively at Foot Locker. The line mixes a street style aesthetic with Asics' standard performance gel technology.
Foot Locker has made a strategic investment of $15 million in Series A funding in luxury women's active marketplace Carbon38. Brands sold on the site include Alo Yoga, Adidas by Stella McCartney, and Beyoncé's Ivy Park.
Deloitte’s Global Powers of Retailing ranking 2018 shows that US retail giants are losing their grip on the international market, while e-commerce, European fast fashion and sportswear brands are all gaining ground.