The cuts focus on jobs in global operations, mainly technology, in North America, Asia and Europe, and account for just under 2 percent of the sneaker brand’s workforce.
Category: Fashion
Category Added in a WPeMatico Campaign
E.l.f. Beauty, Lululemon Face High Cost of Price Transparency
Brands that publicly disclosed tariff-related price hikes are now facing class-action lawsuits from consumers.
The Search for the Next Blockbuster Influencer Brand
A new generation of brands like Alix Earle’s acne line shows that launches can still beat influencer brand fatigue.
Amazon Fixed Prices of Levi’s, Hanes Apparel, California Authorities Allege
Vendors were allegedly cowed by the e-commerce giant’s bargaining power and, fearing punishment, agreed to raise prices on competing retail websites like Walmart and Target.
Tory Burch Sweetens Terms on Loan to Buy Out General Atlantic
The $700 million leveraged loan will be offered at a steeper discount of 98 cents on the dollar.
Joan Burstein, Retail Pioneer, Dies at 100
Known as a ‘fairy godmother’ for fashion, Burstein presided over Browns, a London boutique with a global reputation, for more than half a century.
Pat McGrath Labs Exits Bankruptcy With a New Owner
A US bankruptcy judge said on Friday she would approve the cosmetic brand’s restructure, which sees new owner GDA Luma assuming control of the new company.
Kering’s Strategy Reveal, Examined
CEO Luca de Meo outlined manufacturing synergies, threw cold water on the group’s Valentino acquisition and shared some stealthy forecasts for Gucci’s growth as part of a sweeping strategy overhaul. Will it work?
Luxury Brands Book Sales Drop as Middle East War Takes Toll on Airport Shopping
The conflict in the Middle East is hurting duty-free and travel-retail sales for luxury and beauty groups like LVMH, Kering, Estée Lauder, and L’Oréal.
Ralph Lauren’s Grip Loosens on Tennis
Ralph Lauren has been the standard bearer for fashion in tennis for decades. So it’s genuinely shocking that the company just lost its Australian Open sponsorship.