Apparel Retail

NOBULL is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael SchaefferSource: No BullThe man who turned Vitaminwater and BodyArmor into household beverage names is turning his attention to the sneaker industry.Mike Repole's private equity firm will buy a majority stake in the company NoBull, he told CNBC on Thursday. It's the first significant investment for Major Capital, the private equity arm of Repole's family office. related investing news"I fell in love with just the name, the…

Pavlo Gonchar | Lightrocket | Getty ImagesFanatics will launch a new live events business that will look to recreate the Comic-Con experience for sports collectibles, the company said Thursday.The new venture, called Fanatics Events, will be a partnership with events and talent management giant IMG, which is part of Endeavor. Fanatics will be the majority owner.Fanatics, which had been known primarily as an e-commerce platform, has sought to diversify its business as it moves toward an initial public offering. Last month,…

Tag Heuer is riding a wave of marketing successes and new launches to grow its market share in the luxury watch world, according to its CEO.The company, which is owned by LVMH, opened a flagship boutique on Manhattan's Fifth Avenue on Wednesday as part of a rapid expansion in the U.S. It plans to more than double its boutiques in the U.S. to 50 by 2026, according to Tag Heuer CEO Frédéric Arnault.Along with increasing sales, the boutiques give the brand more direct relationships with its customers rather than relying on…

A Bonobos 'guideshop' stands in lower Manhattan on April 18, 2017 in New York City.Getty ImagesBonobos co-founder Andy Dunn is returning to the retailer as brand advisor as the company looks to get back to its roots after it was sold by Walmart earlier this year, Bonobos and new parent company WHP Global announced Friday. Dunn, who founded the men's clothing brand in 2007, will report to WHP Global CEO Yehuda Shmidman but will work closely with Bonobos president John Hutchison and Express Inc. CEO Tim Baxter. WHP Global…

Nearly all Americans are cutting back on their spending in some way, according to a new CNBC and Morning Consult survey.The survey found 92% of Americans are pulling back, further evidence of what retailers like Walmart, Target, Home Depot and Best Buy called out as cautious consumer spending shifts during the first quarter.Shoppers continue to report inflation squeezing their finances, with concerns particularly heightened among middle-income Americans. Of the survey respondents, 92% of middle-income Americans — or those…

Lululemon reported earnings that beat Wall Street's estimates on the top and bottom lines Thursday and raised its full-year guidance, bolstered by improvements in China and freight costs. Shares of the company surged more than 12% in extended trading.Here's how the retailer did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts compiled by Refinitiv:Earnings per share: $2.28 vs. $1.98 expectedRevenue: $2 billion vs. $1.93 billion expectedThe company's reported net…

By Rotation, a U.K.-based clothing rental app, hopes to eliminate the need for fast fashion by making peer-to-peer clothing rental mainstream in the United States.The startup expanded to the United States in May. By Rotation aims to grow usage in New York City this year before expanding to two other major U.S. cities next year.By Rotation may sound like another rental service such as Rent the Runway, Armoire or Nuuly, but its founder and CEO Eshita Kabra-Davies is quick to point out that its peer-to-peer structure more…

The Gap logo is displayed at a Gap store on April 25, 2023 in Los Angeles, California.Mario Tama | Getty ImagesGap reported another quarter of net losses and declining sales across its four brands but the retailer insisted it's making progress – and has managed to significantly improve its margins.Here's how the apparel retailer did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 1 cent, adjusted, vs. a loss of 16 cents,…

Pedestrians pass in front of an Abercrombie & Fitch Co. store in San Francisco.David Paul Morris | Bloomberg | Getty ImagesShares of Abercrombie & Fitch soared more than 20% on Wednesday after the mall retailer beat estimates, raised its guidance and reported a surprise profit. Here's how Abercrombie did in its fiscal first quarter compared with what Wall Street was anticipating, based on a survey of analysts by Refinitiv:Earnings per share: 39 cents, adjusted, vs. a loss of 5 cents expectedRevenue: $836 million…

Shoppers are at the Citadel Outlets in Los Angeles.Jonathan Alcorn | ReutersAffordability is the number one concern for consumers globally, new data released Tuesday by EY shows.The price worries could suggest trouble for retailers that are relying on promotions to win over cost-conscious customers. Those companies could see their margins under pressure when they report earnings over the coming weeks. In a consumer sentiment survey of 21,000 shoppers across 27 countries, 35% of respondents said "affordability" is now…