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22 Mar

Mushrooms Gain Popularity in Beauty, Skin Care, Supplements

Mushrooms Gain Popularity in Beauty, Skin Care, Supplements
Mushrooms are having a moment.  Mushroom ingredients are finding their way into skincare and supplements as the patron quest for wellness endures. Beauty and wellness firms are increasingly tapping several types of mushrooms, including reishi, lion’s mane, turkey tail, chaga and others, for what experts say are their immunity, anti-inflammatory and energy-boosting advantages.  In accordance with Google search analytics firm Spate, consumer interest in mushrooms is growing — especially on the supplements side of the equation, where mushroom supplements make up a small but increasing variety of searches. Interest increased 22.4 percent since last 12 months, in keeping with Spate. Searches for reishi mushroom supplements are up 55.5 percent since last 12 months, and searches for turkey tail mushroom supplements are up...
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30 Apr

Tanger Outlets Gain as Shoppers Evolve

Tanger Outlets Gain as Shoppers Evolve
Tanger Factory Outlet Centers Inc. is flexing with the times.  “The client profile since COVID-[19] has completely modified,” said Stephen Yalof, president and chief executive officer, in an interview with WWD after the outlet center operator reported stronger first-quarter results. “Loads of people have gotten a bit bit more online-savvy,” Yalof said. “That has actually worked to our advantage.” Where people used to take more “window-shopping” trips, he said they are actually on a mission, having gone online to research the products they need and the stores they plan to go to.  Yalof said traffic has grown slower than sales recently, but that sales productivity is up greater than 15 percent since 2019.  “We’re producing more value on a per-unit basis than we had pre-COVID[-19],”...
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2 Mar

Ferragamo Posts 2022 Sales Gain, on Track With Strategic

Ferragamo Posts 2022 Sales Gain, on Track With Strategic
Ferragamo Posts 2022 Sales Gain MILAN — Ferragamo is “fully on the right track on all its strategic priorities,” as the corporate posted one other 12 months of growth in revenues. This was achieved “amid a fancy and volatile macroeconomic environment, through which we focused on the standard of sales in our retail network, progressed on the optimization of the wholesale channel, and increased investments within the second half, as planned,” said the corporate’s chief executive officer and general manager Marco Gobbetti during a conference call with analysts on Thursday evening. Last 12 months, the Florence-based company reported a ten.2 percent increase in sales to 1.25 billion euros, compared with 2021. Within the 12 months ended Dec. 31, net profit, including a minority interest,...
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14 Dec

Inditex Profits Gain 24 Percent in First 9 Months

Inditex Profits Gain
Inditex Profits Gain PARIS – Zara parent company Inditex is showing resilience amid global economic jitters. Inditex Profits Gain The Spanish fast-fashion company reported net profits rose 24 percent in the primary nine month of the fiscal 12 months, reaching 3.1 billion euros. Between Nov. 1 and Dec. 8, store and online sales increased 12 percent at constant exchange rates versus the identical period in 2021. “In the present difficult context, these results clearly reflect the strength of our unique business model: fashionable collections, an appealing shopping experience and a team highly committed to achieving profitable and more sustainable growth,” said Inditex chief executive officer Oscar Garcia Macieras. EBITDA in the primary nine months was up 20 percent to six.5 billion euros. This all comes as...
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