Core Insights - Lojas Renner S.A. reported its third quarter 2025 results, highlighting a solid performance despite challenges in the retail environment compared to 2024 [1][3] Sales Performance - Retail sales grew by 4.2%, with apparel sales increasing by 4.7%. The combined average growth for Q2 and Q3 reached 11.5%, with apparel at 12.5% [5] - The company experienced a temporary impact of approximately 2 to 3 percentage points on sales due to limited availability of winter items [4] Profitability and Margins - Apparel gross margin improved to 56.2%, a 0.5 percentage point increase, while retail gross margin increased by 0.4 percentage points to 55.1% [6][10] - Net income rose by 9% to R$279 million, with earnings per share increasing by 15.5% to R$0.2803 [10] Operational Efficiency - The company reported a trailing twelve-month ROIC of 14.4%, a 1.7 percentage point improvement, alongside free cash flow generation of R$473 million, the highest in the fashion industry in Brazil [8][10] - A temporary increase in expenses was noted, but the company maintains a structural trajectory of operational leverage initiated in 2024 [7] Digital and Omnichannel Strategy - The digital channel now accounts for 17% of total sales, supported by previous investments that enhance profitability [9] - Integration of online and physical operations has led to an 8 percentage point increase in the share of new inventory within e-commerce sales year-to-date [9] Expansion and Customer Engagement - The company opened 18 stores year-to-date, aiming for 30-37 openings by year-end, and completed 16 store renovations [11] - Realize CFI, a key driver of customer engagement, reported an increase of 37% in results, reflecting a healthy credit portfolio [8] Financial Position - The company ended the third quarter with a net cash position of R$1.3 billion, providing resilience to navigate adverse scenarios [12] - In 2025, R$1.4 billion has been distributed through interest on equity and share buybacks, with approximately 85% of the buyback program executed [12]

Unified Commerce Group has a new partner. The Los Angeles-based owner of Spiritual Gangster, Greats and Böhme, has brought in Back Forty to help expedite its future acquisitions. More from WWD Dustin Jones, the former Macy’s and Fung Retailing Group executive who founded Unified Commerce with Greg Freihofner in 2019, described Back Forty as his company’s “deal machine.” “Any great platform has to have a deal machine,” he explained of the newly formed strategic partnership with Back Forty, a leading inve ...

Core Insights - Global job losses in the fashion and footwear sectors are increasing, with at least 17,267 job cuts reported in 2025 [1] - The trend of job cuts is part of a broader pattern across various industries in the U.S., driven by factors such as automation and AI [4] Job Cuts in Fashion and Retail - Major companies like Nike, Puma, Saks Global, and Target are among those reducing their workforce [1] - U.S. retailers have announced 86,233 job cuts through September 2025, a 203% increase from 28,440 cuts in the same period last year [5] - Adidas plans to cut 500 positions to reduce complexity, while Amazon is set to eliminate 14,000 corporate jobs [7] - Burberry is cutting 1,700 jobs, representing 18% of its workforce, as part of a strategy to save $130 million by 2027 [8] - Carter's Inc. will lay off 300 staff and close 150 stores, while Kohl's Corp. has cut about 10% of its corporate jobs [9][12] Impact of Automation and AI - Companies like Intel and Microsoft are also reducing their workforces, with Intel cutting 24,000 jobs and Microsoft 9,000 [3] - The rise of AI and automation is cited as a significant factor behind many of these job cuts across various sectors [4] Specific Company Actions - Nike is reducing its corporate staff by 1%, following a previous cut of over 1,600 jobs in 2024 as part of a $2 billion cost-saving plan [14][15] - Puma's new CEO announced a reduction of 900 jobs, totaling 1,400 cuts for the year, indicating a challenging growth outlook until 2027 [16] - Target is eliminating 1,800 corporate positions, including 800 open jobs, due to structural changes aimed at improving decision-making [21] Broader Economic Context - The U.S. has seen nearly 950,000 job cuts from January to September 2025, marking the highest total since 2020 [4] - The government sector has experienced the most job losses, but tech and retail sectors are also significantly affected [4]

Core Insights - Nordstrom, Inc. plans to open a new Nordstrom Rack in Spokane, WA in fall 2026, expanding its presence in the region and enhancing customer service offerings [1][2] - The new store will be 31,000 square feet and located at Northpointe Plaza, a shopping center that includes other major retailers [1] - Nordstrom Rack is a key part of Nordstrom's strategy to provide a more interconnected shopping experience, offering discounts of up to 70% on various products [1] Company Expansion - The new Spokane location will increase Nordstrom's physical footprint in Washington, where it currently operates six Nordstrom stores and 12 Nordstrom Rack stores, generating over 3,100 jobs statewide [2] - The addition of the Spokane store is part of Nordstrom's broader strategy to grow its market presence and customer base [1][2] Community Engagement - Nordstrom has committed to investing in local communities, having donated over $3 million in partnership with Big Brothers Big Sisters of the United States over the past four years [3] Company Overview - Nordstrom, Inc. has a long history of customer service, evolving from a shoe store in 1901 to a multi-channel retailer with over 350 locations and digital platforms [4] - The company aims to provide a seamless shopping experience, whether in-store or online, while maintaining a commitment to social responsibility [4] Real Estate Context - Kite Realty Group, which manages Northpointe Plaza, is a significant player in the retail real estate market, owning interests in 181 open-air shopping centers and mixed-use assets across the U.S. [4]

Core Insights - Capri Holdings Limited reported second quarter results for Fiscal 2026, with revenue, gross margin, and operating income exceeding expectations, indicating positive trends in the luxury fashion market [1][2] - The company announced a $1 billion share repurchase program, expected to begin in Fiscal 2027, aimed at strengthening its balance sheet and returning capital to shareholders [2][10] - The sale of Versace to Prada for $1.375 billion is anticipated to close in the third quarter of Fiscal 2026, allowing Capri to focus on growth for its remaining brands, Michael Kors and Jimmy Choo [2][4] Financial Performance - Total revenue for the second quarter was $856 million, a decrease of 2.5% year-over-year, and a 4.2% decline on a constant currency basis [12][30] - Gross profit was $522 million, with a gross margin of 61.0%, down from 62.3% in the prior year, impacted by tariffs [12][30] - The company reported a net loss of $34 million, or $(0.28) per diluted share, compared to a net income of $42 million, or $0.37 per diluted share, in the previous year [12][30] Segment Performance - Michael Kors generated revenue of $725 million, a decrease of 1.8% on a reported basis and 3.3% in constant currency [12][30] - Jimmy Choo's revenue was $131 million, down 6.4% on a reported basis and 9.3% in constant currency [12][30] - The operating margin for Michael Kors was 10.1%, while Jimmy Choo reported an operating loss margin of (6.9)% [12][30] Outlook and Strategic Initiatives - The company expects retail trends to improve in the latter half of Fiscal 2026, positioning it for growth in Fiscal 2027 [2][11] - Capri Holdings aims to utilize proceeds from the Versace sale to reduce debt significantly, enhancing financial flexibility for future investments [2][4] - Long-term growth potential for Michael Kors and Jimmy Choo remains optimistic, with strategic initiatives in place to energize these brands [2][11]

Updated 3:08 p.m. EST on Nov. 4 LONDON — Fashion and food may not make such a good couple after all, according to Primark’s owner Associated British Foods, which is considering separating the businesses to unlock long-term value for shareholders. More from WWD As part of its annual results statement on Tuesday, ABF revealed that the board is working with Rothschild & Co. on a “review of the group structure, with a view to maximizing long-term value.” It said that while no decision has been made, the outc ...

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Guess?, Inc.'s board of directors and executive officers for potential breaches of fiduciary duties to shareholders related to its pending sale to Authentic Brands Group LLC for $16.75 per share [1]. Company Overview - Guess is a fashion retailer with over 1,500 directly operated retail stores and distribution operations in approximately 100 countries, founded in 1981 by the Marciano family [3]. - Paul Marciano, one of the founders, remains on the Board and serves as the Chief Creative Officer [3]. Transaction Details - Paul Marciano and other investors have negotiated to rollover their ownership in Guess to own up to 49% of the new intellectual property holding company and 100% of the operating company post-closing [4]. Investigation Focus - The investigation by BFA Law centers on whether Guess' board, executive officers, and stockholders involved in the rollover have breached fiduciary duties to shareholders in connection with the merger [5].

Core Insights - Calvin Klein Inc. launches a new denim campaign featuring Jung Kook from BTS, highlighting a renewed partnership with bold styles [1][2][4] Campaign Overview - The campaign emphasizes movement and performance, showcasing Jung Kook's stage presence and energy [2] - Shot in New York City, the campaign features signature Calvin Klein denim and seasonal staples, capturing an urban cool aesthetic [3] Product Highlights - The new denim collection includes the CK Emblem print, Darted Carpenter Jean, Barrel Jean, and refreshed 90s Straight Jean, all designed with a '90s edge [5] - The collection aims to provide versatile styling options while maintaining a sophisticated edge [5] Marketing Strategy - The campaign content will be rolled out on Calvin Klein's social media channels starting October 28 [6] - The latest denim styles are now available for purchase on calvinklein.com [6] Company Background - Calvin Klein is a leading global fashion lifestyle brand with a history of bold ideals, founded in 1968 [7] - The brand's global retail sales were approximately $9 billion in 2024, indicating strong market presence [8] Parent Company Information - PVH Corp. is one of the largest fashion companies globally, overseeing Calvin Klein and TOMMY HILFIGER [10] - PVH has been focused on growing Calvin Klein's worldwide relevance and long-term growth since its acquisition in 2003 [9]

Core Insights - Bloomingdale's launches its 2025 holiday campaign titled "Happy Together," focusing on connection, tradition, and shared moments during the holiday season [1][2][5] Campaign Highlights - The campaign features a collaboration with Burberry, including a festive takeover of Bloomingdale's 59th Street location, highlighted by a giant Burberry scarf on the facade [3][5] - A digital campaign will enhance awareness and engagement, including a homepage takeover and a multi-part email series celebrating Burberry's heritage [3] In-Store Experiences - Immersive experiences include an exclusive Burberry takeover of The Carousel, showcasing merchandise across various categories [4] - The store will feature a red-check capsule collection and collectible holiday bears benefiting the Child Mind Institute [4] - A live performance by artist RAYE will mark the launch of the holiday campaign at the flagship store [4] Philanthropic Initiatives - Bloomingdale's continues its annual philanthropic partnerships, supporting No Kid Hungry and the Child Mind Institute through customer donations and special events [8]

Core Insights - Majid Al Futtaim Lifestyle is focusing on regional expansion through digital growth, omnichannel innovation, and stronger brand partnerships, highlighted by the collaboration with Abercrombie & Fitch Co. and the launch of dedicated e-commerce platforms in Saudi Arabia and Qatar [2][5][26] - The company is leveraging data, technology, and cultural relevance to redefine modern retail in the Middle East, particularly in response to evolving consumer expectations [3][10] Expansion and Partnerships - The expanded partnership with Abercrombie & Fitch Co. marks a significant milestone in Majid Al Futtaim's long-term retail strategy, emphasizing sustainable growth and trust built over 16 years [5][26] - The launch of dedicated e-commerce platforms for Abercrombie & Fitch and Hollister in Saudi Arabia and Qatar is a natural progression in the company's omnichannel strategy, integrating physical retail with digital convenience [6][26] Omnichannel Strategy - Majid Al Futtaim views online and offline channels as a connected ecosystem, aiming to provide a seamless customer journey across various platforms [11][15] - The company has seen a revenue uplift of over 10% within the first year of launching e-commerce platforms for lululemon, demonstrating the effectiveness of their omnichannel approach [12] Consumer Insights and Personalization - Advanced analytics are used to understand customer behavior at both market and individual store levels, allowing for tailored product assortments that reflect local preferences [8][20] - Personalization is central to the customer experience, with the SHARE loyalty program and analytics capabilities enabling the company to create relevant and rewarding experiences [17][18] Cultural Relevance and Brand Localization - Majid Al Futtaim ensures that global brands resonate with regional consumers by balancing global identity with local relevance, utilizing data-driven insights to tailor marketing and experiences [19][22] - The introduction of culturally relevant products, such as Abercrombie & Fitch's first Arabic logo, exemplifies the company's commitment to connecting with local audiences [9][21] Future Growth Opportunities - The company has an ambitious development pipeline focused on expanding its presence in high-growth categories and deepening the performance of existing brands [23][24] - Saudi Arabia remains a key strategic market, with plans for further expansion into Diriyah Square and the introduction of new global brands to enhance the existing portfolio [24][25][26]