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The North Face and Vans Parent Company Reports Nearly 50 Percent Revenue Decline

6 days ago   |   By Hypebeast

VF Corporation , the parent company of both The North Face and Vans , has issued its Q1 2021 report, calculated from the 13 weeks between April 1 to June 29 2020. In this timeframe, revenue dropped dramatically due to the coronavirus pandemic, reaching a nearly 50 percent decline down to $1.1 billion USD. Unsurprisingly, store closures and decreased consumer demand were the prime factors affecting loss. VF Corp reported operating loss of $247 million USD but remains confident that Q2 2021 will be much stronger, estimating revenues to be down less than 25 percent and a full-year cash flow...
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Under Armour Reports $183 Million USD Loss in Q2 2020

Under Armour Reports $183 Million USD Loss in Q2 2020

7 days ago   |   By Hypebeast

Under Armour was one of the first companies to warn of weakening revenue in 2020 due to the coronavirus pandemic, but it couldn't have predicted the $590 million USD loss and 23 percent decline in Q1 2020. Q2 sees the company again suffering a loss but it beat expectations, reporting a total drop of $182 million USD. Considering that year-over-year share prices have nearly halved since the year began, Under Armour is in a tough spot. Still, the company beat analyst expectations and enjoyed a brief 19 percent bump to its stock before trading began on July 31. Under Armour remains optimistic...
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L'Officiel Poland

L'Officiel Poland

AJAK by Ivana Martyn-Zyznikow Read more ...

Nat & Alex Wolff on Their New Song ‘Glue' & a Possible ‘Naked Brothers Band'...

Nat & Alex Wolff on Their New Song ‘Glue' & a Possible ‘Naked Brothers Band' Netflix Special

It's been more than a decade since the end of The Naked Brothers Band, but Nat and Alex Wolff , who filmed a Zoom reunion for the Nickelodeon series in April, look back on the... Read more ...

TikTok's The Hype House Receives Its Own Reality TV Show, 'The Hype Life'

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While TikTok is currently being banned in countries such as the United States and India , its stars are finding new ways to capitalize on their recently-found internet fame... Read more ...

Ubikwist Magazine

Ubikwist Magazine

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Nintendo's Profits Soar 400 Percent Amid COVID-19 Pandemic

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Nintendo 's profits have skyrocketed amid the recent COVID-19 pandemic, a massive 400 percent growth reportedly due to increased demand for games and devices caused by current... Read more ...

Netflix Renews 'Money Heist' for Fifth and Final Season

Netflix Renews 'Money Heist' for Fifth and Final Season

Almost four months after its fourth season was released, Netflix has now confirmed that the hit Spanish series Money Heist will be returning for a fifth season. The news was... Read more ...

Stüssy Flips Its Logo With Its Reflect T-Shirt

Stüssy Flips Its Logo With Its Reflect T-Shirt

Continuing to add to its top offerings, Stüssy has revisited one of its signature styles giving its Logo T-Shirt a flip. Available in six colorways, the Reflect T-shirt... Read more ...

Elle Men China

Elle Men China

Remote Meetings Read more ...

Virgil Abloh's Louis Vuitton SS21 Collection Leans Into Upcycled Textiles

Virgil Abloh's Louis Vuitton SS21 Collection Leans Into Upcycled Textiles

Held at the port of Shanghai, Louis Vuitton 's latest Virgil Abloh -directed menswear offering is more concise than previous collections but is brimming with no fewer ideas... Read more ...

Must Read: Megan Thee Stallion Lands a Beauty Contract, La La Anthony Covers...

Must Read: Megan Thee Stallion Lands a Beauty Contract, La La Anthony Covers 'Essence'

These are the stories making headlines in fashion on Thursday. Megan Thee Stallion is the new face of RevlonRapper Megan Thee Stallion has been tapped as the new face of... Read more ...