Author: Bloomberg
Peloton Interactive Inc. acquired Skōp, a Pilates-focused startup that brings new expertise and technology to the fitness platform as it looks to expand its offerings and attract new users amid a broader turnaround effort. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The weak guidance adds to pressure on Lululemon’s management, which is contending with increased competition from upstart brands and product issues.
The Trump administration has formally appealed a judge’s order compelling customs authorities to refund all importers who paid the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
The US is proposing new tariffs of at least 10 percent on imports from 60 trading partners in president Donald Trump’s biggest move to rebuild his protectionist wall since his earlier levies were struck down by the US Supreme Court. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Victoria’s Secret & Co. shares soared after the company beat earnings estimates and boosted its outlook, adding to signs of progress for chief executive officer Hillary Super’s turnaround plan. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Exports fell in April from a year earlier, when companies were rushing to get stock into the US ahead of higher tariffs.
Chinese consumers are showing signs of a renewed appetite for high-end beauty and fashion products, a rare bright spot for global luxury brands after years of weak demand and margin-eroding discounts in their most important growth market. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
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The company’s turnaround has been uneven, with Gap’s namesake brand having made the most progress while its athleisure chain Athleta continues to struggle.