Lululemon Athletica Inc forecast annual revenue and profit above estimates on Wednesday, as demand for its comfortable leggings and sports bras remained strong despite the easing of coronavirus restrictions.
Under Armour has posted a 91% revenue jump to $1.4bn for Q2 ended June 30. Considering the performance, the company has raised its FY21 revenue outlook up to a low 20s percentage rise against high teens previously.
Heritage fashion brand Fred Perry is set to open its latest store at McArthurGlen Designer Outlet West Midlands. Debuting Saturday 17 July, the new store will offer streetwear/sports-based apparel for both men and women.
The fashion trade fair is making its physical comeback in NYC at the end of July, when it will welcome 67 international and domestic companies to its first in-person event since the start of the Covid-19 pandemic.
Floodgates for the Sports Direct brand are about to open with the retailer heading for a “huge push” into Europe. The brand aims to open flagship stores in “all” capital cities in Europe as part of a five-year plan.
The owner of Tommy Hilfiger and Calvin Klein is focusing on its flagship labels and has sold its heritage brands for $220 million, in a deal that has made Authentic Brands (ABG) a specialist in formal American menswear.
Originally planned for August, the trade shows have been postponed to fall, with the Portland edition now set to run September 29 through 30, while the Boston event will take place October 4 through 5.
This week, following in the footsteps of mighty conglomerates like LVMH and Kering, New Guards launched its own eyewear division, spearheaded by Francesco Ragazzi, the creative director and founder of Palm Angels.
Under Armour shareholders may pursue a lawsuit accusing the sports apparel company of concealing how it pulled sales forward from future quarters to meet Wall Street revenue forecasts, a federal judge ruled on Tuesday.