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Nike cancels retail orders due to supply chain problems

Nike cancels retail orders due to supply chain problems

The American sportswear giant has been hit by sneaker sourcing issues, like Puma and Adidas, both foreseeing inventory problems, and has cancelled the orders placed by some retailers, according to a US source.
Fashion
Thom Browne launches new silhouettes for 2021 football capsule

Thom Browne launches new silhouettes for 2021 football capsule

Right on time for Thanksgiving day, Designer Thom Browne has launched its annual football collection introducing three new silhouettes for 2021.
Fashion
Dick’s Sporting Goods tops revenue estimates, ups full-year guidance

Dick’s Sporting Goods tops revenue estimates, ups full-year guidance

The sports equipment retailer reported net sales of $2.75 billion in Q3, a figure that represented an increase of 13.9% compared to $2.41 billion in the prior-year period and glided past analysts’ expectations.
Fashion
Canada Goose appoints new president of APAC

Canada Goose appoints new president of APAC

As it continues to build out its presence in Asia-Pacific, the Canadian outerwear company has announced the appointment of luxury industry vet Paul Cadman as president of its business in the region.
Fashion
Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom warns of supply shortages as holiday season approaches, shares plunge

Nordstrom Inc said labor costs pinched its quarterly profit and warned of product shortages at its off-price stores heading into the holiday season, sending its shares down 23% in extended trading on Tuesday.
Fashion
Gap swings to loss as sales suffer from supply chain disruptions

Gap swings to loss as sales suffer from supply chain disruptions

The San Francisco-based lifestyle retailer announced a net loss of $152 million, or $0.40 per diluted share, for the third quarter, on Tuesday, as the company struggled with ongoing global supply chain issues.
Fashion
Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

Google links with Stella McCartney, Textile Exchange to boost sustainable sourcing

​Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Fashion
Coats Group in full recovery mode as revenue rises

Coats Group in full recovery mode as revenue rises

​Threads giant Coats Group seems to be bouncing back from the pandemic with the company on Tuesday saying that in the three months to the end of October, its organic revenue was 6% higher than the same period in 2019.
Fashion
Authentic Brands Group valued at $12.7 billion following deal with new stakeholders

Authentic Brands Group valued at $12.7 billion following deal with new stakeholders

The American group, which is set to complete its acquisition of Reebok in 2022, had been planning a New York IPO, but has instead decided to sell stakes to CVC and HPS. 
Fashion
Foot Locker battles through supply chain disruption to 4% sales rise

Foot Locker battles through supply chain disruption to 4% sales rise

The New York-based sports and footwear retailer has reported net sales of $2.19 billion for the third quarter, a result that reflected growth of 3.9% compared to $2.11 billion in the prior-year period.
Fashion
Who's Next teams up with Sportair for new space dedicated to outdoor equipment

Who's Next teams up with Sportair for new space dedicated to outdoor equipment

The fashion event that takes place at Paris' Porte de Versailles has partnered with trade fair operator Sportair to introduce sportswear and outdoor labels at its next edition, set to run January 21 through 24, 2022.
Fashion
Very Group sales rise as fashion, sports bounce back, but Littlewoods struggles

Very Group sales rise as fashion, sports bounce back, but Littlewoods struggles

​Very.co.uk and Littlewoods owner Very Group has released its Q1 results with group sales rising 3.9% to £484.1 million in the three months to October 2. 
Fashion
Vuitton creates case for Rugby World Cup 2023 France

Vuitton creates case for Rugby World Cup 2023 France

First, Louis Vuitton dressed the FIFA World Cup trophy of football. Now it has created the case for the winning trophy of the next Rugby World Cup, due to take place in 2023 in France.
Fashion
Foot Locker reshuffles leadership structure, adds new C-suite roles

Foot Locker reshuffles leadership structure, adds new C-suite roles

The sports and footwear retailer has promoted Franklin Bracken to the new role of COO and has begun searching for an executive to fill another new position, that of chief strategy, innovation, and development officer.
Fashion
Nordstrom expands into licensed sports fan gear through partnership with Fanatics

Nordstrom expands into licensed sports fan gear through partnership with Fanatics

The department store chain has teamed up with the sports merchandise company to launch licensed sports fan products from leagues including the NFL, NCAA, NBA, and MLB, on the Nordstrom.com e-commerce platform.
Fashion
Fabletics opens on Regent Street, could be first of many for UK

Fabletics opens on Regent Street, could be first of many for UK

​Fitness brand Fabletics soft-launched its UK flagship on Thursday with the Regent Street debut likely to be the first of many as it targets physical retail customers in what is its biggest European market, the UK.
Fashion