Levi Strauss and Ralph Lauren are among U.S. apparel brands likely to be worst hit by Russia's invasion of Ukraine which is again clogging supply chains in Europe where they derive at least a quarter of sales.
Ralph Lauren Corp. announced the resignation of its executive vice president and chief commercial officer, following an investigation that revealed conduct that violated the company’s code of business and ethics.
Urban Outfitters on Thursday reported a 14.2% uptick in fiscal 2022 net sales for the year ended January 31, compared to pre-pandemic levels in fiscal 2020, driven by double-digit comp growth during the 12 months.
Drest, the luxury shopping-meets-gameplay app, has a new CEO. Lisa Bridgett takes on the lead role as part of a “planned management team evolution” that will see founder Lucy Yeomans becoming co-chairman.
Tapestry Inc raised its full-year revenue and profit forecast on Thursday as consumers splurge on luxury handbags and apparel in the United States and Europe, boosting the Kate Spade owner's shares 3% in premarket trade.
Ralph Lauren beat quarterly revenue estimates and raised its annual forecast on Thursday, benefiting from soaring demand for luxury goods in the United States and Europe, sending its shares up 7% in premarket trade.