brands under fire
Posted by Sheila Shayon on March 21, 2013 03:18 PM
Lululemon Athletica revealed Monday that it expects earnings to drop this quarter due to a dud batch of its popular yoga pants made with its proprietary luon fabric, which its store managers indicated were being returned by customers who found them too sheer for wearing. “Some of our bottoms were made with a batch of black luon that doesn’t meet our standards so we’ve pulled them from our floors and our website.”
After being downgraded by Credit Suisse and others after the news, an earnings call today meant to detail the company's fourth quarter and full year 2012 results along with 2013 developments such as a move into golf and tennis apparel was instead taken up with answering analysts' questions about how it was handling the crisis—and offering more (ahem) transparency about the situation than has been offered to customers.Continue reading...
Posted by Sheila Shayon on October 16, 2012 05:16 PM
Gap Inc. chairman and CEO Glenn Murphy announced today that it has created a new global brand management structure so that its flagship Gap, Banana Republic and Old Navy brands will each be led by a single executive with global purview beginning in fiscal year 2013. The move also creates a global innovation and digital strategy group, a first for the apparel company.
With more than 3,200 stores across its brands, the move consolidates North American, international, online, outlet and franchise divisions in an effort to improve market share. Gap has been expanding abroad and now has stores in more than 40 countries (compared with eight in 2006), but a word of caution from NASDAQ: “The company would be following the path of other apparel retailers, like Abercrombie & Fitch Co. But the road is a tricky one, especially right now due to economic conditions around the globe. Gap would do well to take a steady-as-she-goes approach.”Continue reading...
Posted by Dale Buss on July 17, 2012 09:01 AM
AT&T slashes price of Lumia smartphone.
Aereo online-TV service expands in U.S.
Bank of England chief denies New York Fed chief gave warning on rate-rigging.
Richard Branson considers bid for Virgin Records.
Coca-Cola beats estimates with international sales up 5%.
Famous Dave's expands beyond U.S..
GM likely to retain Opel brand despite brand's woes.
Gap eyes Lululemon's Athletica stores with its own Athleta store openings.Continue reading...
Posted by Sheila Shayon on April 27, 2012 01:01 PM
Lululemon, the billion-dollar Canadian yoga-inspired athletic apparel brand founded by former surfer Dennis "Chip" Wilson in 1998, continues to cause a stir in retail, lifestyles and its focus on a tight community with bizarre principles.
In its earnings report last month covering its fiscal year that ended on January 29th, the company's CEO, Christine Day, announced:
"Reaching a billion dollars in revenue is clearly an important milestone that as a company we can all be very proud of. But far more important than the number itself are the beliefs, values, culture and people that achieved it. We really are so much more than our numbers; it is the everyday actions of our dedicated team that translates into an unparalleled guest experience and allows us to achieve our ultimate goal of elevating the world."
The original mission that Wilson set out for the brand, to "elevate the world from mediocrity to greatness," has morphed into "create components for people to live long, healthy, and fun lives."Continue reading...
Posted by Shirley Brady on January 3, 2012 05:41 PM
US auto sales for 2011 face boost by year-end holiday advertising, as global auto sales rise on Chinese demand.
Apple TV rumors generate biggest buzz heading into CES.
Bakon Vodka goes mobile.
Ben & Jerry's slated as first Facebook sponsored stories ad in users' newsfeed.
Benetton takes edgy Unhate campaign to Tripoli.
Bentley sells more cars in China than UK.
Better Business Bureau tops its own scams of the year list.
BlackBerry-maker RIM reportedly identifies replacement for co-chairmen as analysts fear the worst.Continue reading...
Posted by Chana Mayefsky on August 10, 2011 06:00 PM
Adidas reintroduces Originals in new campaign.
Apple officially exceeds Exxon to take the biggest market cap crown.
Borders and Waldenbooks brand auction is now scheduled, with bids due by Sept. 8.
CBS sees "EcoAd" unit gain traction.
Cisco shares soar as company earnings beat analyst projections.
Facebook traffic declines in the U.K.
Gap expands Athleta brand with bricks-and-mortar stores.Continue reading...
Posted by Mark J. Miller on July 25, 2011 05:00 PM
You may think the heat is from your workout, but it may be from the energy that brands are suddenly putting into creating attractive workout clothes for women.
The Los Angeles Times, in an article reviewing women's fitness apparel brands, points out that women who are active generally fall into a very desirable demographic: “female, relatively young, fashion-forward and willing to spend money.”
“We are hungry to win this girl over,” commented Adrienne Lofton Shaw, a marketing director at Under Armour, which has stepped up its focus on women, recently expanded into yoga-wear and, for next year, is redesigning its underwear and sports bras, according to Times. Other brands shaping up to woo the emerging woman warrior demographic?Continue reading...
Posted by Dale Buss on January 13, 2011 09:00 AM
AOL strikes web-programming deal.
AT&T sees $2.7B charge in the fourth quarter from pension change.
Borders tries to win back publishers' trust.
FedEx takes on UPS with long-range China jets.
Ford wins coveted brand-loyalty award.
Gap to open first store for web-incubated Athleta brand.Continue reading...