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Under Armour Q2 revenue dips as brand realignment continues

Inside Retail

Operating expenses decreased 15 per cent, and net income for the quarter was $170 million. By product, apparel sales dropped by 12 per cent, footwear by 11 per cent, and accessories rose 2 per cent. However, the company’s gross margin improved by 200 basis points to 49.8 per cent due to lower costs and reduced discounting.

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How to Start a Clothing Business: A Complete Guide for Beginners

Small Biz Trends

Whether you dream of launching your own fashion line or want to sell unique pieces online, the right approach can set you up for success. With the fashion industry constantly evolving, understanding the market and your target audience is crucial. You don’t need a fashion degree to get started, but you do need a solid plan.

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PrettyLittleThing to axe jobs at Manchester HQ

Retail Gazette

The latest round of redundancies at the Boohoo Group owned fashion retailer was communicated to affected staff members during a video call last week, Drapers reported. PrettyLittleThing (PLT) is set to cut more than 50 jobs at its Manchester head office as it joins the ranks of retailers slashing jobs this year.

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The Future of Retail Pricing Strategies in an Unstable Economy

RETAIL MANAGEMENT SOFTWARE

Use these tips to manage price changes effectively: Monitor Inflation and Costs – Keep track of inflation rates, supplier prices, and operating expenses to time your adjustments wisely. Tips for Making Price Adjustments During Inflation Adjusting prices during inflation requires care to protect margins and keep customers happy.

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Pricing power: Retailers respond to tariff turbulence with steep price hikes

Inside Retail

Due to recent changes in global trade rules and tariffs, our operating expenses have gone up, Shein said in a statement. Even outside of fashion, the impact is felt. Both companies have informed US shoppers of upcoming price hikes starting April 25, attributing the decision to new global trade rules.

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Burberry Looks To Cut 18% of Its Global Workforce as Part of Turnaround Effort

Retail Wire

Iconic fashion brand Burberry is set to slash nearly one-fifth (18%) of its workforce by 2027 as part of its planned turnaround effort , according to CNN Business. Those cuts will involve around 1,700 “at-risk” positions, involving potential layoffs at its Castleford factory in West Yorkshire, U.K., as the BBC outlined.

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Esprit posts $460 million loss in ‘distressing’ year

Inside Retail

Hong Kong-headquartered fashion retailer Esprit Holdings has reported an annual net loss of HK$2.339 billion ($460 million) following an “extremely difficult and distressing” year. Revenue for the year ended December 31 was HK$5.912 billion, representing a 16 per cent decrease.