Zara Owner Inditex's Sales Slow in Early Weeks of First Quarter
Sales in constant currency in the five weeks to March 10 grew 4%, less than the 10.5% for all of 2024, the Arteixo, Spain-based retailer said on Wednesday.
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Miami Herald
2 hours ago
- Miami Herald
As Lululemon faces pressure, a rival brand builds global buzz
Lululemon isn't used to playing defense. After dominating the athleisure space for years (and surviving more than a few brand missteps), the Canadian retailer now finds itself in unfamiliar territory: losing ground. It's not just about slowing sales or shaky the shift in energy. The kind you feel when a once-untouchable brand starts slipping out of the conversation. Tariff-driven price hikes. Deeper discounts. Analysts using words like "alarming." Related: Lululemon makes surprising store move The buzz has shifted. And Lululemon isn't the one generating it. Instead, attention is turning toward newer players gaining steam in the U.S. - and now setting their sights overseas. One of them just made a move that might look quiet on the surface, but carries serious implications. Not only is this brand expanding into some of Asia's most influential retail cities, it's doing it with a strategy that puts patience above flash. Call it a reset in the activewear power rankings. And Lululemon? It may not like where it's landing. Image source: Bloomberg/Getty Images While Lululemon tries to recover its momentum, Vuori is busy going global - without making a lot of noise. The California-based brand just announced plans to open its first-ever stores in Seoul and Beijing this fall. The Seoul location will be franchised and open in September, while the Beijing store will follow in October. Vuori is targeting more than 100 retail locations globally by the end of the year, with around 15 international stores planned by 2026. It already has locations in London and Shanghai and is seeing strong wholesale traction in Japan and across Europe. But it's not just brick-and-mortar. Vuori also launched e-commerce platforms in 11 new countries, including Spain, Italy, Japan, and Sweden. That digital expansion is designed to test demand in markets before committing to physical stores. Related: Lululemon adds new stores in surprising places According to Andy Lawrence, Vuori's SVP of International, this isn't about fast wins; it's about long-term brand equity and cultivating meaningful communities in high-potential markets. Call it the slingshot strategy: pull back hard, then launch with force. Vuori isn't just easing into these markets. It's aiming to hit hard when the timing's right. Vuori is using a steady, data-driven approach - something that's helped it quietly gain ground while its competitors struggle. Vuori's global push comes at a time when Lululemon and Nike are both showing signs of strain. Nike is deep in a reset - restructuring teams, overhauling product lines, and trying to spark innovation. Meanwhile, Lululemon is in a tougher spot. It's dealing with international softness, cautious U.S. shoppers, and increasing competition from brands it once outpaced with ease. Vuori, on the other hand, is gaining real traction. Its stores are often packed, its digital experience is slick, and word-of-mouth buzz is building. From influencers to everyday gym-goers, the brand is showing up in places where Lululemon once reigned uncontested. More in Retail: Ulta Beauty makes surprise huge expansionNike eliminating some classic sneaker modelsWhy the latest Messi Stanley collab is smarter than it looks It's also drawing in a high volume of new online shoppers and keeping them engaged longer, pointing to brand loyalty that's starting to stick. What makes Vuori's rise more dangerous to Lululemon is its measured approach. The company raised major funding rounds but didn't rush into overexpansion. It used the cash to repay early investors and focused on sustainable scaling. Now, as it enters global cities with intention, not desperation, it sends a strong message: Vuori isn't just another yoga brand. It's positioning itself as a serious player in the premium activewear world. Vuori knows exactly what it's doing, and so far, it's working. Related: Walmart and Nike: the collab no one asked for The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Newsweek
3 hours ago
- Newsweek
Red Bull's 2025 Form Shocks Former Director After Sauber Comparison
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Former Red Bull Racing sporting director Jonathan Wheatley has expressed surprise at the statistical findings comparing Red Bull and Sauber Formula One teams. Wheatley announced his Red Bull exit mid-2024 and joined Sauber this year as team principal, but little did he expect that things would turn around so quickly. Sauber has been undergoing several changes at many levels before Audi completes the full takeover of the outfit in 2026. The year is also a historical period for F1, given the new chassis and engine regulations that kick in for the first time in over a decade. The year will also mark the entry of automotive giant General Motors. GM's Cadillac F1 is gearing up to enter the grid next year as the eleventh team. But Audi has been revamping Sauber's operations since last year as Sauber continued to race in the premier class. The German marque appointed former Ferrari team principal Mattia Binotto as the chief operating officer and chief technical officer. Wheatley's Sauber joining this year completes the team's dual management structure. Given that managerial changes impact track performance, Sauber's chosen direction has yielded positive results thus far. Jonathan Wheatley, Team Principal of Stake F1 Team Kick Sauber in the Team Principals Press Conference during practice ahead of the F1 Grand Prix of Austria at Red Bull Ring on June 27, 2025 in... Jonathan Wheatley, Team Principal of Stake F1 Team Kick Sauber in the Team Principals Press Conference during practice ahead of the F1 Grand Prix of Austria at Red Bull Ring on June 27, 2025 in Spielberg, Austria. MoreThe Hinwil-based outfit finished last in the 2024 Constructors' Championship after having scored a mere four points. With twelve rounds ticked so far in 2025, Sauber is sixth in the championship with 41 points, a stark contrast to last year. Notably, Nico Hulkenberg contributed 31 points to the team's tally. An overhauled leadership and updated driver lineup, combined with timely upgrades on the C45 F1 car, have led to significant improvements. Surprisingly, Hulkenberg's points tally this season so far is higher than what Red Bull's second driver scored in the last eleven months. Max Verstappen has raced alongside three different teammates since the 2024 Dutch Grand Prix, namely Sergio Perez, Liam Lawson, and now Yuki Tsunoda. All three drivers collectively scored 28 points since the race in Zandvoort. When Wheatley was asked about the impressive turnaround in Sauber's performance, he told RacingNews365: "I would never have believed it possible. I know the quality of that operation. I know the talent of the people who are there. "It's interesting that when you leave one team for another, even a team competing for world championships and coming to a team aspiring to compete for world championships, there are things done better there, and things done better here. "That's the fascinating thing with this sport. There is so much talent in it." Wheatley is confident that Sauber is on the right path. He added: "Of course, Mattia and I, our job is to try to channel the team, direct it in the right direction, and get it moving in that direction. My feeling is the ship's turning, and we're starting to point the right way."
Business Upturn
4 hours ago
- Business Upturn
Cre8 Enterprise Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
Hong Kong, July 22, 2025 (GLOBE NEWSWIRE) — Cre8 Enterprise Limited (Nasdaq: CRE) (the 'Company'), a Hong Kong-based integrated financial printing service provider, today announced the pricing of its initial public offering (the 'Offering') of 1,450,000 Class A ordinary shares (the 'Class A Ordinary Shares') on July 22, 2025, at a price of $4.00 per Class A Ordinary Share (the 'Offering Price'). The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market on July 23, 2025 under the symbol 'CRE'. The Offering is expected to close on July 24, 2025, subject to the satisfaction of customary closing conditions. The Company expects to receive gross proceeds of approximately US$5.8 million from the Offering, before deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 217,500 Class A Ordinary Shares of the Company, at the Offering Price, representing 15% of the Class A Ordinary Shares sold in the Offering (the 'Over-allotment'). The Company intends to use the net proceeds for upgrading the Company's office in the Central District in Hong Kong and expanding its business, expanding its workforce and staff training, upgrading and/or acquiring equipment and information technology systems, and for working capital and other general corporate purposes. The Offering is being conducted on a firm commitment basis. American Trust Investment Services, Inc. is acting as the representative of the underwriters, with Prime Number Capital, LLC acted as the co-underwriter (collectively, the 'Underwriters') for the Offering. Ortoli Rosenstadt LLP acted as U.S. securities counsel to the Company. Winston & Strawn LLP acted as the legal counsel to the Underwriters in connection with the Offering. The Offering is being conducted pursuant to the Company's Registration Statement on Form F-1 (File No. 333-281629) previously filed with, and declared effective by the U.S. Securities and Exchange Commission (the 'SEC') on July 22, 2025. The Offering is being made only by means of a prospectus. You may get these documents for free by visiting EDGAR on the SEC website at . Alternatively, electronic copies of the prospectus relating to the Offering may be obtained from American Trust Investment Services, Inc. by standard mail to 1244 119th Street, Whiting, IN 46394, by telephone at +1 (219) 473-5542 or via email at [email protected]; or from Prime Number Capital, LLC by standard mail to Prime Number Capital, LLC, 12 E 49 St, Floor 27, New York, NY 10017, by email at [email protected], or by telephone at +1 (516) 717-5671. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities described herein, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. About Cre8 Enterprise Limited Cre8 Enterprise Limited provides 24/7 integrated financial printing services for listed companies, IPO applicants and private companies in the finance and capital market in Hong Kong under its brand, 'Cre8'. The services cover concept creation and artwork design, typesetting, proofreading, translation, printing, binding, logistics arrangement, uploading or making e-submissions of customers' financial reports and compliance documents and media placements. In addition to these core services, it has expanded its offerings to include complementary design services such as website design, branding, and content creation for marketing materials. Moreover, it is now providing technological support to its customers by disseminating and publishing announcements, circulars, financial reports, and industry news feeds through a website of its 'Cre8IR' brand. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as 'may, 'will, 'intend,' 'should,' 'believe,' 'expect,' 'anticipate,' 'project,' 'estimate' or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. These forward-looking statements include, without limitation, the Company's statements regarding the expected trading of its Class A Ordinary Shares on the Nasdaq Capital Market, its intended use of proceeds and the closing of the Offering. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the 'Risk Factors' section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contacts: Cre8 Enterprise Limited Email: [email protected] Phone: +852 3693 2688 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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