Neiman Marcus Group announced on Tuesday that it will eliminate less than 5% of roles across the company as part of a “strategic realignment” meant to accelerate its push to become a top luxury destination. “It is always our intent to minimize the impact to existing associate jobs, and we take these types of decisions […]
Price growth slowed in January as inflation shows more signs of waning. Consumer prices rose by 6.4% in January compared to last year, according to a Tuesday report from the U.S. Bureau of Labor Statistics. This marks the smallest 12-month increase since the period ending in October 2021 and a slowdown from December’s 6.5% and November’s 7.1% year-over-year growth. Compared to […]
Micam Milano is gearing up for a big return next week for its 95th edition. Slated to run Feb. 19-22, the international footwear trade fair is returning to its four-day format after seeing “encouraging signs of an upturn in the market,” show organizers said. A total of 988 brands, including 451 foreign exhibitors, will be showcasing their […]
In an unexpected move, Louis Vuitton confirmed Tuesday afternoon that musician and entrepreneur Pharrell Williams has been named its new men’s creative director, effective immediately. According to the label, Williams’s first collection for Louis Vuitton will be revealed this June during Men’s Fashion Week in Paris. Pietro Beccari, Louis Vuitton’s newly-appointed chairman and CEO, said in a […]
2023 was shaping up to be a quiet year for mergers and acquisitions in the U.S. retail industry, thanks to volatility and uncertainty in the equity and debt markets. But three big headlines this week might signal a shift in the mood. In 2022, rising interest rates contributed to a weaker dealmaking environment. To help […]
Balmain has once again collaborated with Puma to reinvent a classic sneaker that melds Parisian luxury heritage with basketball. The joint effort saw Balmain creative director Olivier Rousteing aiming his focus on updating the Balmain Court sneaker. For the limited-edition collaboration, the storied French house’s basketball sneakers were transformed with a golden Balmain tongue label […]
Sergio Hudson presented its Collection 11 at New York Fashion Week’s fall winter ’23 season. See all the looks from the runway here. Sergio Hudson Collection 11 Photo : Sonny Vandevelde/sonny photos/Courtesy of Sergio Hudson Sergio Hudson Collection 11
Super Bowl 57 is underway at State Farm Stadium in Glendale, Ariz., and one of the game’s star quarterbacks has laced up several Air Jordan cleats. Jalen Hurts, who led the Philadelphia Eagles to a 14-3 record during the regular season, opted for a pair of Air Jordan 11 cleats in the first quarter of […]
Balmain has once again collaborated with Puma to reinvent a classic sneaker that melds Parisian luxury heritage with basketball. The joint effort saw Balmain creative director Olivier Rousteing aiming his focus on updating the Balmain Court sneaker. For the limited-edition collaboration, the storied French house’s basketball sneakers were transformed with a golden Balmain tongue label […]
On the eve of the official start to New York Fashion Week, Philipp Plein celebrated the opening of his first Plein Sport pop-up shop in the U.S. on Thursday night. Located at 119 Spring St. in the SoHo neighborhood of Manhattan, the new store serves as the physical interpretation of the Plein Sport truck, which […]