Can such a mentality work for the surf industry in a world where fashion and retail are truly global?
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“Aspirational luxury consumers who were flush with cash 18 months ago, just don’t have the same capacity to spend in the current environment,” said co-CEO and co-founder Mike Karanikolas.
Sources say the L.A. retailer’s iconic Melrose door is also slated for closure this year under parent Sazaby League Ltd.
Scaling distribution is the big emphasis of the two fast-fashion powerhouses’ partnership, but what to do about brand differentiation? That’s less certain.
Some look to former Mattel President and COO Richard Dickson to produce Barbie-sized successes for Gap Inc. Thursday’s earnings call did little to offer visibility on what’s in store for the company.
“We find it unacceptable; it needs to be addressed.”
Shein now has a one-third stake in the joint venture between Authentic Brands Group and Simon Property Group.
CEO: Guess is a $5.5 billion brand, but that number could be “a lot bigger.”
Highly leveraged shoppers face mounting pressures as interest rates rise and discretionary income fades.
Macy’s aims to boost visits to stores with its localized approach to shopping.