Sportswear maker Under Armour on Wednesday forecast 2019 revenue growth and profit below Wall Street estimates on expectations of flat sales in North America, triggering a 11 percent drop in its shares.
The power of luxury e-tail met the unstoppable force of sneaker and streetwear culture this week as newly-listed Farfetch said it's paying $250m in cash and shares for sneaker/streetwear marketplace Stadium Goods.
A raft of major fashion names have benefited from the rise of street fashion and luxury’s growth in the past decade with a new study of Google search data showing just how popular some brands have become in the UK.
Athletic apparel maker Lululemon Athletica reported a third-quarter profit above analysts’ estimates, driven by a rise in its established store sales but failed to provide an upbeat revenue outlook for the holidays.
The B2B wholesale e-commerce platform announced on Wednesday that it has received $15 million in Series C financing, funds that the company said it will put toward accelerating product innovation and growing its team.