Fashion in Five

Fivewire

Fashion in Five is the daily five-minute brief on the fashion business: the five stories that matter, every weekday. Deals and results, creative and executive moves, retail and wholesale, and the shifts moving luxury, apparel and resale, across prestige and mass. Curated daily, sourced and straight. For brands, retailers and the investors and operators building the category. Walk in already caught up. In the know. In five.

  1. 4d ago

    Icicle hires Sabato De Sarno, Lululemon cuts guidance again

    Icicle Appoints Sabato De Sarno Creative Director. WWD reports the Kering-backed Chinese label has named the former Gucci designer its creative director, a test of whether Western creative credentials travel into global markets. (WWD) Lululemon Cuts Outlook as Quarterly Profit Falls 13%. Drapers reports operating profit fell to $453.7m in the quarter to 2 August, alongside a reduction in the retailer's own full-year guidance, a read on premium activewear trading into autumn. (Drapers) Next Wins Appeal Against 2024 Equal Pay Ruling. Drapers reports the retailer has overturned a decision requiring shop staff to be paid the same basic rates as warehouse workers, easing back-pay exposure for retailers with split pay bands. (Drapers) Euratex Presses EU on Low-Value Parcel Imports. Euratex president Mario Jorge Machado told FashionNetwork.com the current small-parcel tax is inadequate, targeting the same import channel most direct-to-consumer volume moves through. (FashionNetwork.com) Also moving today: Castore drafts in advisers as it ‘explores sale’ (Drapers) France analysts' views: Rothschild Redburn turns bearish on Kering (Market Screener) Harrods Backs Brand63Africa With Pop-up Spotlighting African and Diasporic Fashion (WWD) John Lewis to hire 10,400 Christmas employees (Drapers) Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way. (The Wall Street Journal) Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

  2. Sep 4

    LVMH Hits a Six-Year Low

    LVMH Shares Near Six-Year Low, Morningstar Reports. LVMH stock fell 2.55% toward a six-year low, per Morningstar and Reuters, a read on sentiment across the whole European luxury tier. (Morningstar, Reuters) Lululemon Americas Comparable Sales Fall 12 Percent. WWD reports Lululemon's Americas comps dropped 12 percent days before Heidi O'Neill takes over as CEO, giving activewear buyers a marker for the category reset. (WWD) Hugo Boss Halts Buyback as Frasers Signals Majority Bid. Drapers reports Hugo Boss terminated its share buyback after Frasers Group flagged intent to pursue a stake above 50 percent, putting a major wholesale partner's ownership in play. (Drapers) France's Ultra-Fast-Fashion Tax Took Effect September 1. New French legislation targeting ultra-fast fashion came into force September 1 after June parliamentary approval, per British Vogue and the ABC, an early test of whether levies shift low-price apparel competition. (British Vogue, Australian Broadcasting Corporation) Also moving today: What to Watch: Brands, Retailers Are Battling Luxury Handbag Fatigue (WWD) Higher business rates multipliers will weigh on prices, retailers warn (Drapers) Fashion Briefing: The Canada-US trade war is creating a ‘less integrated North American fashion market’ (Glossy) Matalan COO, Sainsbury’s CPO, and more: this week’s fashion retail people moves (Drapers, Drapers) Get Fashion in Five in your inbox every weekday: https://fashioninfive.com

About

Fashion in Five is the daily five-minute brief on the fashion business: the five stories that matter, every weekday. Deals and results, creative and executive moves, retail and wholesale, and the shifts moving luxury, apparel and resale, across prestige and mass. Curated daily, sourced and straight. For brands, retailers and the investors and operators building the category. Walk in already caught up. In the know. In five.