Abercrombie & Fitch is to close a selection of major flagship stores, including London, Paris and Munich, it announced with its latest set of results on Tuesday. The stores have been a major drag on its performance.
The sportswear and equipment retailer has reported $331.4 million in Q3 sales, up 20.3% from $275.5 million in the prior-year period, with progress in omnichannel providing a boost to the company’s continued strength.
Marking the company's first female CFO, Frank will be responsible for the company's finance, tax, treasury, investor relations, asset protection, facilities, operations excellence and strategy functions.
Nike Inc said on Friday it would raise its quarterly dividend by 12%, or 3 cents per share, underscoring the financial strength of the world's largest sportswear maker in the midst of the Covid-19 pandemic.
Adidas launches the Wales Bonner collaboration — that was previewed during London Fashion Week back in January — this Friday. It’s the sports giant’s first collab with the designer and has a retro edge.
Cosy, comfortable clothing and accessories are hot sellers with England back in lockdown but office and party looks have plummeted. Meanwhile, consumers are choosing quality premium pieces but shunning ultra-luxury.
The owner of brands including Umbro, Lee Cooper and Ecko Unltd reported Q3 net income of $45.7 million on Monday, swinging back into profit despite the negative impact of the Covid-19 pandemic on its revenues.
As part of the deal, Ralph Lauren will outfit all on-court officials at the 2021 Australian Open, including the AO ballkids and chair umpires, in a specially-designed collection of apparel and accessories.