[ad_1] Fast fashion is big business, but it is also a big polluter, responsible for about 10% of global carbon emissions. Roughly 70% of the $3 trillion fashion industry is…
Tag: Apparel Retail
Cowen upgrades Skechers, says footwear stock could rally nearly 40% as brand gains momentum
[ad_1] Skechers has upside potential that Wall Street could be missing, Cowen said. Analyst John Kernan upgraded the stock to outperform from market perform. He also raised the price target…
Gen Z is driving luxury sales as wealthy shoppers get younger
[ad_1] Peter Cade | Stone | Getty Images Luxury shoppers are getting wealthier and younger, with purchases by some of the newest consumers expected to grow three times faster than…
South Koreans are the world’s biggest spenders on luxury goods
[ad_1] Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. SeongJoon…
Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
[ad_1] Nike CEO John Donahoe said Thursday the company is “really focused” on Gen Z consumers in China and that the athletic apparel retailer is continuing to see strong demand…
Rent the Runway to sell secondhand luxury on Amazon as it chases profitability
[ad_1] Jennifer Hyman, Rent the Runway Scott Mlyn | CNBC Rent the Runway began selling its secondhand luxury clothes Thursday on Amazon as the subscription-based startup continues to chase profitability. …
Stitch Fix plans 20% job cuts as CEO steps down, founder Katrina Lake to reassume post
[ad_1] Katrina Lake, CEO of Stitch Fix Adam Jeffery | CNBC Stitch Fix founder Katrina Lake on Thursday told employees the company will be cutting 20% of its salaried workforce…
Under Armour picks Marriott exec Stephanie Linnartz to be new CEO after seven-month search
[ad_1] Under Armour said Wednesday that it has hired Marriott International President Stephanie Linnartz to be its next CEO, capping off a seven-month hunt for a new boss that the…