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Apparel & Footwear
Circle’s top-line performance remains strong, but the company’s economics are materially influenced by revenue sharing with distribution partners.
NKE’s Greater China business remains a major weakness and continues to drag on overall performance. In Q2FY6, revenue fell 16%, with NIKE Direct declining 18%, digital down 36%, stores down 5%, and wholesale down 15%, while EBIT plunged 49% Y/Y.
LULU has launched lululemon Gives, a new global impact program that builds on its Centre for Social Impact and focuses on movement and mindfulness to improve mental health and overall wellbeing.
GAP’s brand reinvigoration strategy is delivering clear results, with a consistent playbook driving seven consecutive quarters of positive comps and improving relevance across the portfolio.
The quarter benefitted from strong momentum in key handbag families such as Tabby, New York and Teri. The viral success of the Large Kitt bag and the continued popularity of charms and straps supported double digit gains in the category.
ONON says this breakthrough is the result of years of material research, engineering, and biomechanical testing in Zurich. With advanced digital modeling, the innovation team can now use this new technology not just in one shoe, but in many future products.
ADS and Belgian streetwear label Arte Antwerp has announced a long term collaboration, marking their first partnership together. The adidas x Arte alliance aims to reimagine modern sportswear through the influence of street culture and the African diaspora, inspired by founder Bertony Da Silva’s Angolan roots and European background.
Circle’s strategy centers on expanding the utility of USDC through enterprise partnerships. The company has entered into multiple alliances with Visa, MoneyGram, Binance, and Coinbase, integrating USDC into global payment and remittance networks.
NKE has launched the new LeBron XXIII, a basketball shoe that celebrates LeBron James’s legendary career while inspiring future players. The shoe combines Nike’s latest technology with storytelling, featuring 23 designs that represent key moments in LeBron’s journey.
H&M has introduced the highly awaited H&M Glenn Martens collection for the first time. Glenn Martens, a Belgian fashion designer known for shaping modern fashion, has teamed up with H&M to create a collection that lets a wide range of customers enjoy his unique and creative designs.
URBN operated 257 Urban Outfitters stores, 247 Free People stores, including 73 FP Movement stores, and 243 Anthropologie stores across the United States, Canada, and Europe. The company also ran 9 Menus & Venues restaurants, along with 7 franchise-owned Urban Outfitters stores and 2 franchise-owned Anthropologie stores
GAP has announced an exciting expansion into the beauty and accessories markets, reinforcing its goal of becoming a high performing house of iconic American brands that shape culture and style.