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☆ ‘The Last Taboo’ in Fashion: Showing Off Your Belly Button
▼ + stars: | 2023-01-16 | by ( Rory Satran | ) www.wsj.com time to read: 1 min

Has fashion reached Peak Belly Button? Recently, we’ve witnessed the rise of crop tops for men, children, dolls, puppies and pregnant women, as well as super low-rise jeans and miniskirts from designers such as Miu Miu. Swimsuits and dresses now feature so many tummy and side cutouts they can resemble Swiss cheese. As midriff exposure has become almost humdrum, a new style is emerging: the belly-button-focused diamond-cutout dress. “Showing the belly button is the last taboo,” says New York designer Michael Kors, who created a black diamond cutout gown for entrepreneur and model Lori Harvey to wear to the 2022 Met Ball.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ A social-media coach booking 6 figures in annual revenue shares 5 ways entrepreneurs can organically grow their followiners and increase income
▼ + stars: | 2022-11-11 | by ( Alexandra York | ) www.businessinsider.com time to read: +7 min

Entrepreneurs should focus on sharing a media mix including static, carousel, and video content. When the firm went under, Brulhart sought a new job that combined her passions for social media, public relations, and global growth. Her company offers services like one-on-one coaching calls and courses that help small-business owners grow their social-media followings organically, without using any paid advertisements. As social media continues to be a lucrative business opportunity, Brulhart has no shortage of clients looking to build their profiles. Small-business owners that lack large budgets for marketing can still emerge successful by focusing on engaging social media campaigns, Brulhart added.

☆ Makers of Pricey Handbags, Clothing Warn of a Slowdown
▼ + stars: | 2022-11-10 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Shoppers continued to snap up expensive handbags and clothes from Michael Kors, Coach and Ralph Lauren in the recent quarter. But there were signs of a slowdown in the U.S. and China over a range of factors that include inflation, a strong dollar and China’s stringent Covid-19 policies. Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., which owns Coach, lowered guidance for their current fiscal years.

☆ American Luxury Brands Just Keep Raising Prices
▼ + stars: | 2022-11-10 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

U.S. luxury brands have done a seamless job over the past few years of raising their prices along with their cachet with customers. So far, major companies in the space still look as sharp as ever. Coach-owner Tapestry on Thursday said its revenue grew 5% in its quarter ended Oct. 1 compared with a year earlier in constant-currency terms. Ralph Lauren saw its constant-currency revenue grow 13% over the same period, well exceeding Wall Street expectations. Capri Holdings , owner of Michael Kors and Versace, said Wednesday its revenue increased 17.5% on the same basis.

[1/4] A signage is seen in the offices of Tapestry, Inc., in Manhattan, New York, U.S., November 19, 2021. Accessible luxury brands such as Michael Kors and Ralph Lauren are likely to feel a bigger pinch than higher-priced brands, as their young core customer base looks for deals at the lower end of the fashion spectrum. Ralph Lauren said its holiday quarter revenue would be hit by slowing demand in North America and Europe, where soaring energy costs are also pinching consumer wallets. Tapestry and Ralph Lauren also warned a stronger dollar would hit their earnings. Ralph Lauren shares, which have lost almost a quarter of their value this year, rose about 5% in premarket trading after the company beat second-quarter sales and profit expectations.

☆ Michael Kors-owner Capri cuts holiday forecasts on slow China recovery
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

Nov 9 (Reuters) - Michael Kors-owner Capri Holdings Ltd (CPRI.N) on Wednesday lowered its sales and profit forecasts for the holiday period, blaming a slow demand recovery in China due to persistent COVID-19 curbs and uncertainty about the global economy. Luxury goods companies have managed to pass on higher costs to affluent shoppers, but China remains a sore spot as Beijing's "dynamic zero-COVID" policy hampers the return of consumers to high-fashion stores. COVID disruptions in China have also weighed heavily on Kering's (PRTP.PA) Gucci, Canada Goose Holdings (GOOS.TO) and L'Oreal (OREP.PA). Capri, which also owns Versace and Jimmy Choo, cut its holiday-quarter sales forecast to $1.53 billion, from $1.65 billion, and lowered its profit forecast to $2.20 per share from $2.45 per share. It forecast fiscal 2023 revenue of $5.70 billion, compared with its prior estimate of about $5.85 billion.

☆ Inflation, Recession Fears Have Some Holiday Shoppers Trading Down
▼ + stars: | 2022-11-06 | by ( Suzanne Kapner | ) www.wsj.com time to read: 1 min

Many shoppers are trading down to less expensive clothing and accessories—swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties—as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people splurge on designer handbags, fine jewelry and other extravagant purchases for themselves or loved ones. Investors will get updates on shopping attitudes this week when Ralph Lauren Corp., Michael Kors parent Capri Holdings Ltd. and Tapestry Inc., the owner of Coach, report their latest results.

☆ Tapestry deepens push into China, undeterred by luxury market slump
▼ + stars: | 2022-10-25 | by ( Casey Hall | ) www.reuters.com time to read: +6 min

It also follows some 60 Tapestry store openings in China over the last two years. Research from real estate firm Savills also shows 55% of the world's luxury store openings last year took place in China. It saw China sales slide 32% for the quarter ended July 2 from the same period a year earlier. China sales generally account for around a fifth of its overall sales. Coach's luxury market share in China is also more than double that of Michael Kors and more than triple that of Ralph Lauren and Tory Burch, according to Euromonitor data.

☆ Bargain retailer TJX strategically placed to navigate a recession, JPMorgan says
▼ + stars: | 2022-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

TJX Companies (TJX) is competitively positioned to weather an economic slowdown, JPMorgan said Monday, underscoring the Club case for owning the off-price retailer. JPMorgan analysts added TJX — whose brands include T.J Maxx, Marshalls and HomeGoods — to their "Analyst Focus List," while reiterating an overweight rating and a Dec. 2023 price target of $80 a share. TJX stock, which is down about 13% year-to-date, was trading up more than 4% in midday trading Monday, at roughly $66.23 a share. That's helped to insulate the retail operator from a recession, JPMorgan analysts argued, and should allow management to make good on its promise to expand merchandise margins within the next three years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Holiday bargains will dent retail profits. How investors can avoid taking a beating
▼ + stars: | 2022-10-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +11 min

Stifel's research found that consumers plan to spend 9% more this holiday season over 2021. Roughly three-quarters of respondents to a PwC holiday poll indicated they plan to spend the same or more this holiday season. Rather than marking down inventory, companies should hold on to it for the next year if their balance sheets can withstand it, said Siegel. Across the board, many flagship retail stores heavily focused on apparel and footwear like Kohl's and Macy's may struggle to lure customers intent on saving money on discretionary purchases. He points to names heavily focused on electronics and home goods purchased by consumers during the pandemic as one of the weaker areas this holiday season.

☆ Best Buy, Lyft, and Adobe are hiring more execs from marginalized backgrounds thanks in part to this woman
▼ + stars: | 2022-10-11 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +7 min

To date, nearly 600 companies including Ralph Lauren, Lyft, Best Buy, Adobe, Oracle, and Cisco have signed on. Josh James, the CEO of cloud-software company Domo, is a cofounder of Parity.org and a signatory of Parity.org's gender pledge in 2017 and its race pledge in 2020. Signing the Parity.org gender and race pledges does not hold CEOs accountable to a specific goal or target date. "Imposing a one-size-fits-all deadline or quota would just lead to failure on the part of many companies," Stickney said. Now, the nonprofit is expanding to conduct pay-equity analyses based on race, gender, and age.

☆ New & Notable: Latest releases from Our Place and Breville
▼ + stars: | 2022-10-01 | by ( Christina Colizza | Christina Colizza Is An Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.

☆ Ralph Lauren Has an Ambitious New Look
▼ + stars: | 2022-09-20 | by ( Jinjoo Lee | ) www.wsj.com time to read: +1 min

Ralph Lauren started out as a tie business 55 years ago before it eventually became known for its iconic polo shirt. The brand now wants to keep the spirit of that expansion going, setting its sights on women’s apparel and less penetrated cities such as Atlanta and Houston. At an investor day on Monday, Ralph Lauren set out a target to grow revenue at a compound annual growth rate in the mid- to high-single-digit percentage range over the next three years, a clear upgrade from its 0.15% CAGR over the past four years. It also expects adjusted operating margins to reach 15% in fiscal year 2025, taking that number closer to American luxury brand peers Capri Holdings , which owns Michael Kors and Jimmy Choo, and Coach-owner Tapestry . That margin target doesn’t seem like such a stretch given that it already expects adjusted operating margins to reach 14% to 14.5% in the current fiscal year, an impressive upgrade from a 5.6% margin four years ago.

☆ How JFK customs searches 1 million packages a day for illegal items
▼ + stars: | 2021-03-23 | by ( Steve Cameron | ) www.businessinsider.com time to read: +9 min

They're looking for anything that isn't legally allowed in the US; certain foods, animals, drugs, and counterfeit goods. This is where human CBP officers get a little help. Nearby, CBP officers are using another nonintrusive search tool: X-rays. And if all those counterfeit goods had gone on to sell at their suggested retail price, they'd total an estimated $54 million. Well, most of the narcotics and counterfeit goods will be sent to a top-secret incinerator to be destroyed.

Persons: John F, It's, Alex, Michael Lake, he'll, Nathanial Needham, Needham, Murielle, it's, Steve, We'll, I'm, Gucci, Louis Vuitton, Steve Nethersole, they're, bing, they'll, Michael, you've Organizations: Kennedy International Airport, US Customs, US Postal, CBP, Homeland Security, FBI, Needham, Rolex, telltale, Burberry Locations: JFK, Needham, Netherlands, New York, Hong Kong, India, Singapore, France, Italy, Spain, Switzerland, China

☆ При помощи сервиса Nova Poshta Shopping можно делать покупки в американских интернет-магазинах в два раза дешевле
▼ + stars: | 2020-12-08 | by ( ) ru.diez.md time to read: +3 min

При помощи Nova Poshta Shopping вы можете прямо из дома делать покупки в США. Делая покупки через сервис Nova Poshta Shopping, вы платите только за физический вес товара. Курьерская служба Nova Poshta доставит ваш заказ в течение 12-14 дней. Сразу после регистрации вы получите личный физический адрес в США (адрес депозита американского партнера Nova Poshta). Когда посылка прибудет в Молдову, с вами свяжется Nova Poshta, чтобы уточнить способ доставки: прямо на дом или в ближайший к вам почтовый офис.

Persons: Michael Kors, Nova Organizations: Magenta Consulting, eBay, Navy Locations: Nova, США, Кишинев, Бельцах, Комрат, Молдова

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