7 months ago
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Despite the bad news abounding in fashion, some brands managed to report significant growth last week. Don’t forget to subscribe to the Glossy Podcast for interviews with fashion industry leaders and Week in Review episodes, and the Glossy Beauty Podcast for interviews from the beauty industry. –Danny Parisi, sr. fashion reporter
Foot Locker, Birkenstock turn things around
While the fashion industry has recently seen its fair share of depressing stories — including the back-to-back bankruptcies and closures of beloved fashion brands — all is not lost.
This past week, several fashion brands reported earnings that were better than expected, and some brands revealed crucial turnarounds. Abercrombie & Fitch had previously expected to see 4% growth this year but has now revised that figure to 10%. The company has been on a tear over the last year, rapidly growing in popularity among younger consumers. Abercrombie & Fitch has been capitalizing on its hot streak with continued expansion, including a new bridal shop opened earlier this year. Its revenue has now risen for six consecutive quarters, surpassing $1 billion.
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English (US) ·