Search

The article discusses Robin Green's role as the president of Hoka, a footwear brand, focusing on expanding consumer relationships, accelerating product innovation, and maintaining brand authenticity. Hoka has seen significant market share growth, with net sales increasing in fiscal 2024 and 2025. The brand is emphasizing wholesale growth, expanding internationally, and maintaining strong relationships with retail partners. Green highlights the importance of inclusivity and authenticity in Hoka's brand identity, welcoming individuals of all backgrounds and activities. [Extracted from the article]

Gap Inc., the operator of Old Navy, Gap, Banana Republic, and Athleta, reported a profitable first quarter for 2024, with comparable sales gains across all four brands. The company's net income for the quarter was $158 million, compared to a net loss of $18 million in the same quarter last year. Gap Inc. attributed its success to better products, marketing, storytelling, and execution. Despite concerns about consumer spending, Gap Inc. remains confident in its turnaround strategy and has raised its outlook for fiscal 2024. [Extracted from the article]

Luxury goods company Richemont saw a 6% increase in sales in the first six months of fiscal 2024, despite a slowdown in demand for luxury items and growing macroeconomic pressures. Founder and chairman Johann Rupert remains positive about the medium-term outlook and sees the slowdown as an opportunity to gain market share. Richemont's growth was driven by the jewelry category, particularly in the Asia Pacific region, while the Americas contracted by 4%. The company is also planning to launch a new fragrance platform to expand its presence in the beauty industry. [Extracted from the article]

TJX, the parent company of TJ Maxx, Marshalls, and Sierra, experienced significant growth in the fourth quarter and throughout the year. Sales for the Marmaxx division, which includes these brands, increased by 12 percent to $10 billion in the fourth quarter. This growth can be attributed to the addition of new stores, as well as a 6 percent increase in comparable sales. In contrast, Macy's saw a decline in sales last year. TJX's success highlights the growing popularity of off-price retailers, which offer discounted products and a unique shopping experience. [Extracted from the article]

Saks Fifth Avenue's desire to buy the Neiman Marcus Group is being hindered by high financing costs and the struggling business of both luxury retailers. Richard Baker, the executive chairman of Saks-owner HBC, has long wanted to create a luxury empire in the U.S., while NMG's owners may be interested in selling if the price is right. However, lenders are cautious about merging the two companies during a time of subpar performance. The luxury retail sector has been affected by a decrease in spending from both true luxury shoppers and aspirational consumers, who are now prioritizing travel, dining, and other experiences over fashion. Interest rates are expected to decrease in 2024, which could potentially spur M&A activity in the luxury sector. A Saks-Neiman's deal could lead to cost-cutting measures and staff consolidations, but there is also the possibility of another buyer emerging. The battle for market share between Neiman's and Saks continues as they compete for designer exclusives and distribution rights. Both retailers are investing in technology to enhance service and improve their online operations. If a deal were to happen, it may face scrutiny from federal agencies concerned about potential price increases, store closures, layoffs, and increased pressure on vendors. [Extracted from the article]

Rodolphe Belmer, CEO of TF1, plans to expand the French television company's reach into other European countries and launch an ad-supported streaming service. Belmer aims to penetrate all French-speaking markets, including Belgium, recognizing that French is the fifth-most-spoken language in the world. TF1's focus is now on their free streaming service, TF1+, which is set to launch in 2024 and tap into the booming digital video advertising market. Belmer hopes to increase TF1's market share and reinvest additional revenues into content. TF1+ will be entirely financed through advertising and offer 15,000 hours of programming. [Extracted from the article]

The article discusses the decline of Hollywood films in the Chinese box office and the rise of local Chinese films. Despite the lifting of COVID restrictions and the success of "Avatar: The Way of Water," Hollywood films have struggled to regain their pre-pandemic popularity in China. The market share for imported films in China has dropped to less than 15%, with recent Hollywood releases like "Napoleon" and "Wonka" performing poorly. Chinese audiences have shown a preference for local films, which have been supported by the government and have seen significant success. However, there may be an opportunity for Hollywood as China has reportedly dropped the import quota for revenue-sharing films, potentially allowing more foreign films to enter the country. The Chinese government is also testing a new distribution system that introduces market forces and allows private sector distributors to release imported titles. Despite these changes, the Chinese government still has significant control over the marketplace. [Extracted from the article]

The article discusses the challenges and strategies for luxury brands in navigating the Chinese luxury market in 2024. Analysts predict that aggressive pricing strategies that drove growth in previous years will not be sustainable, and the market is expected to experience low-single-digit growth. Chinese consumers, particularly younger and trend-sensitive ones, are a key target for luxury brands, and understanding their preferences and values is crucial. Additionally, the growing silver hair population and the aspirational shopper market present opportunities for brands to expand their market share. The recovery of Chinese tourism and the implementation of visa exemptions in Malaysia and Singapore could also boost travel retail in the region. [Extracted from the article]

Signet Jewelers Ltd., a major jewelry retailer, exceeded earnings expectations despite a 12.1% decline in sales. The company achieved this by capitalizing on cost savings and gaining market share in the bridal category. Signet's adjusted earnings per share of 24 cents beat expectations of 18 cents per share. The acquisition of Blue Nile for $360 million cash has helped expand Signet's appeal to younger luxury shoppers. The company's stock price rose by 5.89% following the announcement. Signet projects sales of $7.07 billion to $7.27 billion for the year and fourth-quarter sales of $2.4 billion to $2.6 billion. [Extracted from the article]

Rally is an investment platform that aims to democratize the rare collectibles market by allowing customers to purchase shares of items such as classic cars, watches, sports memorabilia, fashion accessories, and literature. The platform has expanded with a SoHo museum-like store in Manhattan, where visitors can see rare finds like a 60-million-year-old dinosaur skull, a turquoise 1955 Porsche 356 Speedster, a Hermès Faubourg Birkin bag, and a complete set of the 1990s Chicago Bulls championship rings. Rally's shares are priced at under $50 to make ownership more accessible, and users can buy and sell shares in a secondary market. The platform plans to double its offerings by the end of 2024 and expand into different categories, including real estate and wine. [Extracted from the article]

Amazon's annual Holiday Beauty Haul, which recently concluded, is a promotional event aimed at attracting shoppers looking for higher-end beauty products. Since its inception in 2021, Amazon has gained a 12 percent market share in the beauty industry. The event features a wide range of participating brands, from well-known names like Dyson and Cover Girl to indie brands. Influencer marketing has played a significant role in the success of the event, with brands like Mario Badescu experiencing a 65 percent increase in sales on Amazon. The Holiday Beauty Haul differs from Amazon's Prime Deal Day in terms of scope and purchase behavior, focusing more on holiday essentials and gifting. Prior to the event, Amazon projected $11 million in savings for shoppers. [Extracted from the article]

Overbrook Entertainment partners Will Smith and James Lassiter were not F the first producers to look beyond the domestic box office as the key to their success, but they might [...]

AUSTRALIA PRODUCTION INCENTIVES: Abroad-ranging review published in October will likely lead to some changes to existing federal incentives in Australia. That said, the various state government plans, which help bolster [...]

Last year's decision by Paramount and Universal to vaporize their decades-long distribution alliance appeared to send a simple and clear message: international box office is so valuable an asset, no [...]

In a statement, the company credited "modest market share gains", as well as a "significantly improved inventory position." Reported a profitable second quarter, despite single- and double-digit sales declines across its portfolio of brands. [Extracted from the article]

Time for Unilever to "Raise Its Game" Says New CEO Hein Schumacher: Schumacher, who took over as CEO three weeks ago, wants to invest more in R&D and claw back dwindling market share by selling "superior" products and putting the customer first Overall, the bank described the results as an "excellent sign-off" by former CEO Alan Jope, noting that sales, EBIT (earnings before interest and taxes) and EPS (earnings per share) "comfortably" beat expectations. LONDON Hein Schumacher, Unilever's new chief executive officer, wants the consumer giant to seize market share with breakthrough technologies, "superior" products and a laser focus on the consumer, he said during the group's first-half results presentation Tuesday. [Extracted from the article]

Philo is best known for engineering a brand rejuvenation during a 10-year tenure at Celine, one of about 75 brands controlled by LVMH. Philo followed McCartney to Chloe in 1997 and took the top job in 2001 when McCartney left to set up her own fashion house in a joint venture with Gucci Group. [Extracted from the article]

Well, we almost made it. Broadway sales during the 2007-08 season didn't hit the billion-dollar mark that seemed within grasp after the prior year's receipts. The $937.5 million tally fell [...]

TOKYO Toho is an old-time Hollywood mogul's dream: a vertically integrated behemoth with its own theater chain and studio both the biggest in the country whose lineup dominates the domestic [...]

There will be a movie premiere in Baghdad this month with many of the requisite trappings: a red carpet, the photographers and their flashing lightbulbs, the well-dressed performers. And like [...]

Have reported mixed results for the fourth quarter so far and are tiptoeing into 2023, off-price giant The TJX Cos. Inc. is striding into the new year and eyeing market share gains. TJX has 4,835 stores across nine countries and Herrman said the company could open another 1,400 doors in its current markets. [Extracted from the article]

Andy is the nattiest straight guy I've ever come across. Who else sports eyeglass frames that match his socks?' So quips Kevin Murphy, a writer on 'Desperate Housewives' who worked [...]

Over 2005-06, Spain's fast re-regulating TV market saw 18 new nationwide digital terrestrial television services. But Spanish digital terrestrial television faces an uphill battle with just a 2.4% total TV [...]

Many folk in Denmark consider 100-year-old Nordisk Film and its polar bear trademark to be part of their country's cultural heritage. Every second cinema ticket sold in Denmark is in [...]

NEW YORK Hollywood isn't the only town heading for a big fall -- seasonally speaking. After a busy spring, Broadway's traditionally slow summer months promise to be nothing more than [...]

FASHION * Shares of the lingerie and beautyretailer surge despite top- and bottom-linequarterly declines Wall Street seems satisfied with Victoria'sSecret's latest performance. They allow Victoria's Secret togain new customers, while expanding itsassortment in categories that the company isunderweight in. "But more important, it rounds out ourcustomer experience", Waters said. Victoria's Secret's "House of Victoria" Hit on Wall Street. [Extracted from the article]

The article focuses on the challenges faced by the contemporary segment in fashion, as of August 2017. These include a highly promotional retail environment, a decline in store traffic, and steep competition from the web and fast-fashion chains. Also discussed are efforts by larger contemporary brands to keep up with the trends and to compete with smaller and independent brands that are gaining a bigger market share.

The article focuses on the performance of music label Interscope Geffen A&M in 2020. The label has been popular at the Grammy Awards with Billie Eilish and music producer Finneas winning several awards for the album, record and song of the year and best new artist categories. In 2020, its overall consumption share increased to 10.25 percent.

Archrivals François Pinault and Bernard Arnault have competed for dominance on the global luxury-goods stage for decades. After numerous battles, the LVMH and Kering head honchos continue to fight for market share and status. Still, for all their quarreling, France's richest men have more in common than perhaps they'd like to admit. [Extracted from the article]

The article reports on a partnership entered by clothing company Badgley Mischka with accessories manufacturer Titan Industries in 2016. Co-founder James Mischka considers the partnership as a reinvigoration for the company. Their executives hope to increase their share in the competitive retail market. The partnership will launch additional accessories including cashmere sweaters, bow ties and home products.

Revealed that Peter Harf, a founding partner of its majority owner JAB, would become chief executive officer of the beleaguered beauty company, the intent was clear. Twenty-nine days later, Harf made his opening move, announcing Coty would pay $200 million for a 20 percent stake of Kim Kardashian West's beauty brand, KKW, and that the two had signed a licensing deal for Coty to produce skincare, hair-care, personal-care and nail products for global distribution. [Extracted from the article]

Reports on the efforts of L'Oréal Consumer Products Group to maintain the individuality of its brands to compete with its top rivals such as Procter & Gamble. Statement issued by L'Oréal Consumer Products Group President Joseph J. Campinell on their brand development; Features of L'Oréal's first retail store in Los Angeles, California's Beverly Center; Market share of L'Oréal Consumer Products.

Off Broadway shared in the holiday spoils for the Christmas-to-New Year's week. Gotham's smaller theaters reported healthy numbers for the flame, with jumps between 40% and 70% reported for 'Tick, [...]

Broadway had a much-needed Merry Christmas this season, with receipts for the week between Christmas and New Year's Eve -- traditionally the year's B.O. peak -- rising by a hearty [...]

VARIETY BOX OFFICE Reported Reported TITLE/DISTRIBUTOR Box Office Box Office 12/28-1/3 12/28-12/30 (full week) (weekend) The Fellowship of the Ring (New Line) $65,336,592 $38,695,582 Ocean's Eleven (WB/Village Roadshow) 30,087,394 16,907,714 [...]

It took ' The Lord of the Rings' four days to cross the $200 million mark than it did 'Harry Potter.' Now the question is, can the New Line pic [...]

HOLLYWOOD For Warner Bros., 2001 was super-sized. Distrib mounted industry's largest slate of films and drew big results for the effort as it captured the annual box office crown with [...]

How high is up for 'Harry Potter' overseas? Late last week, the blockbuster's foreign cume rocketed to $174.3 million after banking $82.5 million from more than 7,000 screens in 31 [...]

This question for 'Ocean's Eleven': Will it be in or out of the top-grossing remakes at the domestic B.O.? Pic Domestic B.O. * Planet of the Apes 179 Three Men [...]

In France, there's fowl play afoot in theaters, and Jean Labadie is hoping a little doc about avian migration will find room to spread its wings between two Hollywood behemoths. [...]

BOX OFFICE Reported Reported Percent TITLE/DISTRIBUTOR Box Office Box Office Change 11/30-12/6 11/30-12/2 in (full week) (weekend) Box Office Harry Potter and the Sorcerer's Stone (WB) $28,893,884 $23,642,327 -57% Behind [...]

NEW YORK Broadway got its usual Thanksgiving boost during Week 26 (Nov. 19-15) as grosses rose by a healthy 20.3% to $13,843,549. Attendance rose by a smaller margin of 8% [...]

Thanksgiving week marks the halfway point for the Broadway season, which runs from Tonys to Tonys, and this year the industry has a fair amount to be thankful for -- [...]

The elixir of 'Harry Potter' is turning into pots of gold as the blockbuster minted $53.2 million from 4,129 engagements in 17 markets overseas last week, shattering all-time opening records [...]

BOX OFFICE Reported Reported Percent TITLE/DISTRIBUTOR Box Office Box Office Change 11/23-11/29 11/23-11/25 in Box (full week) (weekend) Office Harry Potter and the Sorcerer's Stone (WB) $66,537,204 $57,487,755 -49% Spy [...]

Rock stars Mick Jagger and Paul McCartney seem to have fallen out of favor with U.S. listeners: Jagger's first album in eight years, Goddess in the Doorway, bowed at No. [...]

JAKARTA Indonesia's sole satcaster, Indovision, has struggled to attract subscribers in the past six years -- and now it has to contend with competition. Telkomvision launched Nov. 20 with 30 [...]

HOLLYWOOD 'Friends' hasn't been this hot since its second season, but the mere thought of its possible exit in six months probably sends chills up and down the spines of [...]