German sportswear giant Adidas raised its 2021 sales outlook on Friday, saying it expects strong demand for new products despite ongoing lockdowns in Europe, supply chain challenges and political tensions.
Fashion’s Back! After a year on the danger list, UK fashion, together with the lifestyle sector, bounced back impressively to produce record sales after non-essential retail ended its enforced lockdown on 12 April.
It’s been a tough year for make-up sales, and lipstick in particular, as lockdowns and mask-wearing have pushed this former must-have item much lower on consumers’ priority lists. But times are changing.
The professional beauty supplies seller announced second-quarter sales of $926.3 million on Thursday, an increase of 6.3% from $871.0 million in the prior-year period, despite ongoing disruptions related to Covid-19.
The Milan fashion and accessories show will return in phygital format with the WSM event on June 19-21, and is set to welcome back its participants in person on September 23-26 in the city’s Tortona Fashion District.
On June 1, Hubert Hinterseher will take over from Michael Lämmermann, the German sport group’s CFO since 2013. Arne Freundt, currently head of EMEA, has instead been promoted to the post of chief commercial officer.
Tapestry Inc returned to quarterly sales growth and forecast full-year numbers above analysts’ estimates as the Coach handbag maker benefits from a strong rebound in demand for luxury goods in North America and China.
UK supermarkets giant Sainsbury’s has announced that former John Lewis MD Paula Nickolds is to join the business in June as General Merchandise and Clothing Commercial Director and become a member of its operating board.
In a further sign of how important environmental, social, and governance-linked (ESG) issues are these days, lifestyle retailer Joules has announced a renewal of its funding deal with a strong ESG element included.