We Are the Superlative Conspiracy (WeSC) decided to bring back its license deal, a 10-year arrangement with Oved Apparel, which also has license deals with brands such as PRPS and Modern Culture, in-house in the U.S. to try and get the brand back in line with the American marketplace. According to an interview in WWD […]
The United Nations Climate Change Conference in Warsaw, Poland, was already dealing with complications from the very beginning, but yesterday, November 21, 2013, a walk-out of some 800 people, mostly young, from organizations such as 350.org, Greenpeace, WWF, Oxfam, Friends of the Earth, and others, left the conference in an act of protest wearing T-shirts […]
China tops the list when it comes to ecommerce opportunities in retail bursting to an estimated $271 billion in the next five years. This result comes from a recent study by A.T. Kearney, a global consultant and managing firm that reported the results of the Global Retail E-Commerce Index rankings today, November 18, 2013. From […]
Twitter went public yesterday (TWTR), Wednesday, November 6, 2013, offering 70 million shares at a price of $26 per share raising the IPO value to $14.1 billion. (In comparison, Facebook’s IPO last year was $16 billion.) But today, Thursday, on its first day of trading on the New York Stock Exchange, the stock increased in […]
Teen retailer Abercrombie & Fitch continues with their new plans at streamlining strategies and getting back to a core brand focus by announcing the closure of their Gilly Hicks stores by Q1 of 2014. Gilly Hicks as a brand however, will be relocated online and in their Hollister stores. At the announcement on November 6, […]
Billabong continues to struggle along, this time by selling 92 West 49 retail stores across Canada to YM Inc., owners of Sirens, Stitches, Urban Planet, and Bluenotes for approximately C$9 million-C$11 million or between USD $8.6-$10.5 million. In a statement Neil Fiske, CEO of Billabong, said, “The sale of West 49 is part of our […]
While Nike tends to still hold fast to the notion that sneakers are not fashion, but are first and foremost about high-tech function, niche brands with a nod towards fashion have plowed their way into the cool aesthetics of a new culture of sneaker-heads. Not that Nike’s not on the leading-edge of sneaker style, because […]
Sustainable solutions are key business strategies for many of the top global leading brands targeting youth culture these days. As we’ve noted in our various Sustainability and the State of the Future Youth Culture Studies, sustainability issues are vitally important to a new generation of young people who have grown-up with recycling as a part […]
In their on-going efforts to streamline assets and reduce amounts drawn on its credit facilities, Quiksilver announced October 23, 2013 that it would be selling Mervin Manufacturing, owners of the popular snowboarding brands GNU and Lib Tech, to Extreme Holdings, Inc. an entity advised by Altamont Capital Partners, who also advised on the deal when […]
Once again, VF Corp’s Outdoor and Action Sports divisions are leading the charge for the mega-conglomerate with revenues up 5% to $3.3 billion and Vans up 16% in North America. The Q3 financials released Monday, October 21, 2013 indicate a strong quarter and changes including a 4-to-1 stock split. “VF is at its best when […]