Target’s same-store sales have been trending in the wrong direction. Third quarter comps by month showed a 2.8 percent gain in August, followed by a 4.0 percent increase in September. But October proved challenging, with same-store sales declining 0.9 percent. This occurred despite the Target Deal Days promotion that ran between October 6 and 8. […]

Global luxury fashion mogul Tom Ford has scored a big deal for himself and his eponymous brand. On Tuesday, The Estée Lauder Companies (“ELC”) agreed to acquire the TOM FORD brand for $2.8 billion. This is the largest fashion transaction of the past decade, topping Versace’s $2.1 billion sale to Capri Holdings in 2018 and […]

In his popular book Sapiens, Yuval Noah Harari states that “from about 2 million years ago until around 10,000 years ago, the world was home, at one and the same time, to several human species.”  Harari says the fossil record shows that our species coexisted with the likes of Neanderthals, Homo erectus, Homo soloensis, Homo […]

With fears of an impending recession mounting, an increasing number of apparel brands and retailers have recently announced cost cutting measures and more bearish outlooks, including PVH, Gap, G-III Apparel Group, Rent the Runway, and Levi’s. Many of these companies have reported that inventories have risen to uncomfortably high levels. While this environment is worrisome […]

What a difference a year makes. At this time last year, the plant-based meat (PBM) category was riding high.  Impossible Foods was about to announce a new $500 million financing round amid record revenue growth, and public company bellwether Beyond Meat was trading at about $100 per share, or about 14x revenue. Today, the PBM […]