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Lululemon outlook lift thrills Wall St as yogawear stays in vogue
Lululemon raised its annual sales and profit forecasts on Thursday as wealthy Americans snap up its pricey activewear even though inflation hounds wider retail spending, sending the company’s shares up 13% after hours.
Fashion
Business
Macy's forecasts dour 2023, blames higher promotions to counter slow demand
Macy's Inc on Thursday cut annual sales and profit forecasts, blaming an inflation-induced slowdown in demand for disrupting the department store chain's plans to rein in margin-crushing discounts.
Fashion
Business
M&S to take further inflation hit as it commits to holding back-to-school prices
With the cost-of-living crisis set to make the back-to-school period a particularly difficult time for many UK parents, M&S said Thursday it aims to protect the price of its school uniforms offer for a third year.
Fashion
Business
Caleres clocks nearly 10% sales dip, reveals cost-cutting measures moving forward
Caleres said on Thursday revenues for the first quarter fell 9.8% to $662.7 million, on the back of double-digit dips in both its Famous Footwear and brand portfolio segments, prompting the firm to reduce future costs.
Fashion
Business
Design
2023 CFDA Fashion Awards to take place Nov. 6
The Council of Fashion Designers of America (CFDA) announced on Thursday that the 2023 CFDA Fashion Awards, will take place on Monday, November 6.
Fashion
Design
In Los Angeles' Arts District, Al's General Store showcases tomorrow's new designers
Located at former punk club Al's Bar, Al's General Store brings together emerging brands. FashionNetwork.com sat down with founder and creative director Colin T. McCarthy to talk about the dynamics of the Arts District.
Fashion
Design
UK's Royal Yachting Association names Sebago footwear licensee
Sebago has become the official supplier for The Royal Yachting Association. The four-year partnership sees the heritage footwear brand, known for its boat shoe styles, become its Onshore Lifestyle Footwear Supplier.
Fashion
Design
Grenson launches first sneaker using British wool
UK footwear maker Grenson has launched its first sustainably made shoe using British wool. It has been produced using Cloudwool, an innovation making use of 100% local wool that would normally go to waste.
Fashion
Design
Appointments
Farfetch names new Off-White CEO, New Guards chair as founders depart
Farfetch announced on Thursday that Cristiano Fagnani has been appointed to the role of CEO of Off-White, while remaining in charge of New Guard Group's Reebok business as CEO of NGG++.
Luxury
Appointments
Eraldo Poletto named new CEO of Italian footwear brand Santoni
The former CEO of Furla and Ferragamo, and board member of the Italian luxury footwear brand, will take over from Giuseppe Santoni, who is staying on as board chairman and executive president.
Luxury
Appointments
Ann Demeulemeester names Stefano Gallici as new designer
The house of Ann Demeulemeester has appointed Stefano Gallici to be its new designer, naming the new creative talent just one week after jettisoning his predecessor Ludovic de Saint Sernin.
Luxury
Appointments
Prada group names Francesca Secondari as Group General Counsel, Chief Legal Officer
The Prada group has announced it has appointed Francesca Secondari as Group General Counsel and Chief Legal Officer. In her role, she will be in charge of corporate legal affairs and compliance for the group.
Luxury
Appointments
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