Forever 21, which came to epitomize the fast fashion movement by selling trendy clothes to teenagers at rock-bottom prices, is relaunching in Japan quietly reinventing itself as a luxury outfit. About 80 percent of Forever 21’s new collection, which will launch in the fashion-mad country on Tuesday through online sales and a pop-up store in … Read more
If America’s economy is in a recession, someone forgot to tell the major fashion retailers. Shares of Coach-owner Tapestry Inc. soared Tuesday after the company posted record earnings — net income of $318 million on sales of $2 billion, down 5 percent from last year. Ralph Lauren also impressed with a slight increase in year-over-year … Read more
Wood Wood defies the odds. Despite brutal market conditions for independent fashion retailers, the Danish department store, which has flagships in Copenhagen and London, expects this year’s revenue to double its total three years ago. The retailer’s success has allowed it to attract top talent to oversee its next phase of growth, tapping veterans from … Read more