On June 4, U.S. athleisure brand Lululemon announced a reduction to its full-year fiscal 2026 guidance.
Business
In-depth analysis of the business, strategy, and economics shaping the global fashion and luxury industries. Covering conglomerates, market trends, startups, retail strategy, and the people driving the business of fashion.
Saks Global has announced that it will close the downtown Dallas flagship store of U.S. luxury department store Neiman Marcus on September 30, 2026.
Italian fashion and luxury group OTB announced on June 4 that it has completed the acquisition of 100% of avant-garde Haute Couture house Viktor&Rolf, bringing the brand fully under its ownership.
On June 3, Macy’s, Inc. reported its financial results for the first quarter of fiscal 2026, ended May 2, 2026.
On June 3, Spanish fashion retail giant Inditex reported its financial results for the first quarter of fiscal 2026 (February 1–April 30, 2026).
On June 2, Victoria’s Secret & Co. reported its financial results for the first quarter ended May 2, 2026.
On June 1, Waldencast announced that it has entered into a definitive agreement to sell its dermatological skincare and aesthetics business, Obagi Medical, to private investment firm Bridgepoint.
On May 28, New York-based designer Allina Liu revealed via Instagram that a significant portion of her Spring/Summer 2026 collection production had been lost during transit, resulting in the cancellation of several planned product releases.
U.S. apparel giant Gap Inc. reported its first-quarter fiscal 2026 results on May 28, posting net sales of $3.497 billion, up 1% year-over-year.
On May 29, AI-powered shopping app Phia announced that it has secured $35.5 million in Series A funding.