Articles by DPA
Columbia Sportswear Chairwoman Gert Boyle passes away at 95
Gert Boyle, the chairwoman of Oregon-based Columbia Sportswear Co., has passed away at age 95. Boyle led the outdoor apparel company for half a century. Columbia Sportswear said, "Our 'One Tough Mother' held many jobs at Columbia, from seamstress of the first fishing vest to President to advertising icon. Her sharp wit and wisdom helped propel...
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Foot Locker introduces new store concept with Nike
Specialty athletic retailer Foot Locker Inc. and long-time partner Nike Inc. have partnered to roll out a new store concept, with bigger stores and interactive features brought by Nike's proprietary technology. The newest Power Store, far bigger than typical Foot Locker stores, opened on August 10, in Washington Heights, New York. The store...
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H&M recalls children's pajamas for burn injury risk
H&M Hennes & Mauritz issued a recall for children's pajamas as they could pose burn injury risk. According to the U.S. Consumer Product Safety Commission, the Sweden-based fashion retailer is recalling about 9,000 units of children's pajama sets for not meeting the federal flammability standard for children's sleepwear. However, no incidents or...
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Report: Nike explores sale of surfwear brand Hurley
Sports apparel giant Nike is reportedly exploring the sale of its surfwear brand Hurley International. A sale of Hurley is one of the options that Nike is considering for the Costa Mesa, California-born brand, Reuters reported, citing people familiar with the matter. Nike did not disclose the amount the sale of Hurley would fetch. Nike had...
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Levi Strauss files for initial public offering
Iconic denim jeans company Levi Strauss & Co. Wednesday said it has filed for an initial public offering. The 145-year old company plans to list its shares on the New York Stock Exchange under the symbol "LEVI." The company said the number of shares to be offered and the price range for the proposed offering have not yet been determined....
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Fashion crisis: more and more popular brands are struggling
The German textile industry is awash with bad news: well-known manufacturers like Gerry Weber, Tom Tailor and Esprit seem to fail to attract enough customers. And that's not just because of the record breakingly hot summer of 2018. A famous name is no longer enough in the fashion world to guarantee a secure future. More and more established...
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Nike Posting Notable Gain After Citi Calls Stock "Best Idea" For 2019
After moving sharply higher early in the session, shares of Nike, Inc. (NKE) have given back some ground but remain firmly positive in afternoon trading on Monday. Nike is currently up by 4.1 percent after reaching its best intraday level in nearly two months. The early rally by Nike came after the athletic footwear and apparel maker was called...
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Wolford Launches New Market Presence
Starting today, Wolford is present across the globe with a new imagery. Just on time to coincide with the new spring/summer 2019 fashion collection, the brand presents itself in a fresh and sometimes provocative look in line with the campaign motto #truecharacter: It is designed to underscore the claim made by the Wolford brand that women will...
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Estée Lauder Sues Deciem, Seeks To Remove Founder After 'erratic' Behaviour
The Estée Lauder Companies Inc. (EL) filed a lawsuit against popular skin-care company Deciem and its founder after he announced in a video on Instagram that he was temporarily shutting down all of its stores because of what he described as "major criminal activity.", according to the reports. Estée Lauder, which owns a minority stake in...
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UK competition regulator refers Sainsbury Asda merger for phase 2 investigation
The Competition and Markets Authority (CMA) in the United Kingdom confirmed Wednesday that the proposed merger between J Sainsbury plc and Asda Group Ltd. is being referred for an in-depth Phase 2 investigation. CMA noted that the deal raises sufficient concerns through its Phase 1 investigation for it to be referred for a more in-depth review....
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