Rising sales at sports and lingerie suppliers, a billion-dollar brand sale in the luxury segment and new strikes in retail marked the week, as did personnel changes at several fashion companies. At the same time, international fashion weeks in Georgia, Kazakhstan and Brazil brought regional identities and cultural narratives into focus, while retailers expanded their presence with new stores, e-commerce initiatives and city center projects.
Business
Business figures and strategies
For its further growth, the streetwear brand Reternity is relying on new investors, the expansion of its wholesale business and a stronger presence in Paris.
The copyright trial between Shein and Temu also began in the fast fashion sector, where the issue of copyright infringement is the focus.
Schiesser parent Delta Galil increased its quarterly sales by 15 percent and particularly benefited from improvements in sales in the USA. The Swiss sporting goods provider On raised its earnings forecast after a record quarter. In contrast, Birkenstock reported a significant decline in profits despite sales growth.
In the luxury segment, Burberry returned to profitability. Meanwhile, Moschino parent Aeffe received a takeover offer from the investment company Oxy Capital. The first quarter was weaker for Geox and Salvatore Ferragamo, both of which recorded declines in sales.
The sale of Marc Jacobs also caused movement in the luxury market: LVMH separated from the brand and sold it to WHP Global and G-III Apparel Group.
Trade and labor market
The collective bargaining conflict is intensifying in German retail: The Verdi union called for warning strikes nationwide in order to increase the pressure in the ongoing collective bargaining.
fashion
This week, international fashion weeks put a greater focus on cultural identity and regional perspectives. The Mercedes-Benz Fashion Week Tbilisi presented itself as a platform for Georgian heritage, social resistance and experimental fashion approaches. The Fashion Week in Almaty, Kazakhstan also combined historical influences with contemporary design and positioned itself as a showcase for a new Central Asian fashion scene.
In South America, contrasts between minimalist black and opulent silhouettes dominated Rio de Janeiro Fashion Week. At the same time, Dior staged his Cruise 2027 collection in Los Angeles as a cinematic Hollywood noir fantasy.
Personal details
The Bultel Group restructured the Camel Active menswear team and is therefore focusing on a stronger organizational realignment. Ray Cao will take over as head of the Retail Media department at Zalando.
Uniqlo appointed a new country manager for Germany and Poland, while Bogner appointed former Puma boss Arne Freundt as managing director. A new managing director is taking over operational management at Paul Smith, and Picard has also strengthened its management with a new head of sales.
retail
Expansion and new retail concepts determined developments in stationary retail. Olymp opened a new store on Münsterplatz in Ulm, while Arket is expanding with a seventh location in Düsseldorf. Primark is also expanding its presence in the United States with a new store in Manhattan.
Bugatti is strengthening its e-commerce activities with a new web shop in Italy. At the same time, a funding project in Peine is intended to support start-ups in revitalizing vacant properties in the city center.
Dussmann, a cultural retailer, is moving into Berlin’s KaDeWe and is intended to combine books, music and cultural offerings with the luxury environment of the department store. KaDeWe is thus expanding its concept more towards cultural experience areas.
This post was written using artificial intelligence.
