The fast-growing Swiss running footwear company reported net income of CHF 57.7 million ($62.4 million), up from a loss of CHF 170.2 million in 2021, sending the company’s stock up as much as 28 percent in early trading on Tuesday. Net sales of CHF 1.2 billion in 2022, up 69 percent from the previous year, …
On Returns to Profit, Surpasses $1 Billion in Revenue Read More »
Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers. The Mountain View, California-based company said on Tuesday it is investigating the matter and suspended downloads of the Play Store version of Pinduoduo as …
Google Suspends Pinduoduo After Finding Malware in Versions Read More »
Shortly before Allbirds went public in 2021, it set a target to cut its carbon footprint to virtually nothing by the end of the decade. Efforts to meet that ambition “are a large part of the reason we expect to grow so quickly,” co-CEO Joey Zwillinger told analysts last February, forecasting a year-over-year sales increase …
TikTok said on Monday the short-video sharing app now has 150 million monthly active users in the United States, up from 100 million it said it had in 2020. The Chinese-owned app confirmed the figure ahead of TikTok CEO Shou Zi Chew’s testimony set for Thursday before the House Energy and Commerce Committee. On Friday, …
TikTok Hits 150 Million US Monthly Users, Up From 100 Million in 2020 Read More »
When a butterfly flaps its wings on a Gucci bag in San Francisco, shoppers in Shanghai feel the breeze. The recent banking drama, starting with Silicon Valley Bank earlier in the month and spreading to Credit Suisse Group AG last week, has roiled markets, sparking fears of further contagion. None of this is good news …
Op-Ed | Banking Crises Are a Bad Look for Louis Vuitton and Gucci Read More »
Jack Davison recalls a conversation with his mother years ago when he was being negative about something, which was unusual enough in itself that she pulled him up short. “The thing that was really exciting about you as a child was that you were always full of awe at everything. Don’t stop being excited by …
Until recently, Vans sneakers seemed to sell themselves. The skateboarding shoe brand reported double-digit growth every year between 2004, when VF Corp. acquired the brand for $396 million, and 2019. As soon as the popularity of one of its five signature styles began to slip, another would be elevated to take its place; the era …
Founded in 2006, Integra Fragrances has become a leading company in olfactory services for the fashion, luxury, design and hospitality industries, as well as banks, museums and airlines like Emirates. The company is today recognised for its excellence in designing scent identities for the world’s leading brands by leveraging the power of smell to create …
How In-Store Fragrances Positively Impact Brand Value Read More »
The New York-based brand, known for its popular shopping bag totes — nicknamed the “Bushwick Birkin” — is introducing a new pricing strategy for its latest collection drop on March 27. Rather than set prices, Telfar will let consumer demand determine cost: after the collection drops, items’ prices will start rising from wholesale price up …
Privately held retailer Scotch & Soda, which is based in Amsterdam, has filed a bankruptcy request for its Dutch operations, newspaper Het Financieele Dagblad (FD) reported on Monday, citing a company statement. Scotch & Soda and owner Sun Capital could not immediately be reached for comment. The newspaper said the company statement cited “serious cashflow …
Fashion Retailer Scotch & Soda Seeks Bankruptcy for Dutch Operations Read More »
