Whenever we hear that a teen retailer has hired Goldman Sachs Group it usually means there’s big news (or trouble) brewing at the brand. As we reported last month, the popular retail chain has been hit hard recently by off-trend fashion choices especially the heavy emphasis on colorful prep styles, and a variety of other […]
Abercrombie Hires Goldman Sachs, Hoping to Keep Relational Investors at Bay—What This Means for Popular Teen Retailer
European Fashion’s Downturn Effects Abercrombie and Fitch
Abercrombie & Fitch reported unaudited results which reflected net income of $3.0 million for the thirteen weeks ended April 28, 2012, compared to net income of $25.1 million for the thirteen weeks ended April 30, 2011. Mike Jeffries, Chief Executive Officer and Chairman of the Board of Abercrombie & Fitch Co., said: “While we are […]
Buy-out Fever: Collective Brands’ Performance and Lifestyle Group, Including Keds, Sperry Top-Sider, Saucony, Bought by Wolverine (Owners of Merrell) for $1.2 Billion
In a compelling buy-out of the Collective Brands stable, Wolverine, along with Blum Capital Partners and Golden Gate Capital is buying the Collective Brands’ Performance and Lifestyel Group of brands including Sperry Top-Sider, Saucony, Stride Rite, and Keds for $1.23 billion. This will bring the Wolverine stable of brands, which includes Merrell, Caterpillar, and Hush […]
Quiksilver Reports 10 Percent Revenue Increase in Fourth Quarter, Big Thanks to Roxy, Plus New President of Retail
Quiksilver Team Rider Kelly Slater winning his 11th ASP World Champ Title. Photo by ASP.On December 15, 2011, Quiksilver, which has had a tough time of things during this recession, announced revenues grew 10% to $545.2 million compared with $495.1 million in the fourth quarter in 2010. Consolidated net revenues for the year grew 6% […]
Donna Burton Carpenter to Keynote at Outdoor Retailer—Looking at Diversity of Women in Business and Sports
Donna Burton Carpenter in the middle.Donna Burton Carpenter may be best known as president and co-owner of Burton Snowboards and her work founding the European Burton sector in Innsbruck, but she also created a unique program called Women’s Leadership Initiative at Burton. Outdoor Retailer Trade Show and the Outdoor Industries Women’s Coalition (OIWC) have confirmed […]
Europe’s Unseasonally Warm Fall Weather Gives Retailers Another Beating–H&M Among Them
Volley, Australia’s Most Beloved Sneakers, Debuts in the USA with Cool New Collection and Kick-off Party Featuring Ben Lee
As soon as Volley launched, UrbanOutfitters.com wanted them. The “Converse” of Australia hits America.
H&M Now Ranked First in Usage of Organic Cotton as Fashion Brands Go Green
This fast-fashion giant has not only changed in the way business is done in fashion retail by offering trendy pieces at a faster rate, but also outshines in sustainability goals.
Abercrombie & Fitch Reports 64.4%, but Asks The Situation from Jersey Shore to Stop Wearing Their Stuff
On the day A&F reports incredible net gains, they’ve also come under fire for offering up money for a celeb to not wear their apparel based on image issues.
H&M Announces Another Game-Changing Collaboration -Versace
One of the world’s most legendary names in fashion is the next fast-fashion retailer’s muse. This will be exciting.