Good evening, below is today's KPA daily news brief.
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KPA DAILY NEWS BRIEF | JULY 28, 2021
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| Kalera |
Vertical farming company adds Andrea Weiss, former L Brands Chief Stores Officer, to its Board (Global Newswire) |
| Macy's |
Named Wolverine exec Prabhakar Iyer as VP Treasury & Corporate Development, reporting to CFO Adrian Mitchell (Fashion United) |
| MycoWorks |
Former Hermès CEO Patrick Thomas joins its Board (BoF) |
| Rumpl |
Hires Rocco Villano, ex-Helen of Troy, as VP Operations; names Sarah Crockett, Backcountry Chief Marketing Officer, to its Board (SGB) |
| Saks Off 5th |
Hires former Amazon.com ops exec Shivi Shankaran to be its COO (WWD) |
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| Alphabet |
Q2: Google's parent company hits $61.88 Billion in revenue; looks to shopping for additional growth (WWD) |
| Apple |
Q3: Revenue up 36% to $81.41 billion; iPhone sales increased 50% (CNBC) |
| Mattel |
Q2: Revenue rose 40% to $1.03 Billion; raises forecast for the year (Bloomberg) |
| Moncler |
H1: Revenue up 57% to 622 Million Euros vs 2020, and up 11% vs 2019 (Moncler IR) |
| Shopify |
Q2: Reports 57% increase in revenue to $1.1 Billion; subscriptions up 70% from last year (ZDNet) |
| Steve Madden |
Q2: Revenue up 179% to $397.9 Million vs. 2020 (Steve Madden IR) |
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| Eco |
All-in-one digital wallet raises $60 Million, led by L Catterton and Activant Capital (PR Newswire) |
| Givaudan |
Invests undisclosed sum in Series A funding for Next Beauty China, an incubator for emerging fragrance and beauty brands (WWD) |
| Morrisons |
Largest shareholder, Silchester International, is not likely in favor of the £6.3 Billion takeover by PE firm Fortress (Retail Gazette) |
| Moschino |
Now fully owned by luxury group Aeffe, having purchased the remaining 30% of the brand for 66.6 Million Euros (Fashion United) |
| Puig |
Secures its first sustainability-linked loan for 200 Million Euros (WWD) |
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| Alphabet |
Google parent company revises return to office guidelines; will require vaccinations for on-campus workers and postpones planned return to offices until mid-October (Bloomberg) |
| Apple |
Reinstates mask requirements within its retail stores for both customers and staff |
| Athleta |
Gap division launches AthletaWell, a digital platform offering both workout content and safe spaces to discuss a variety of topics (CNBC) |
| Crocs |
CEO Andrew Reese on why sustainability is key to his company's success (FN) |
| Foot Locker |
Launches a collection in partnership with HGC Apparel as part of the company's $200 Million commitment to the Black community (WWD) |
| H&M |
FC Barcelona drops the retailer as its sponsor, fearing its China boycott will hurt sales (Charged Retail) |
| HelloFresh |
Opens HelloFresh Market, an online store offering customers everyday essentials (Businesswire) |
| Pinterest |
Introduces new monetization features for its creators (Retail Dive) |
| Pizza Hut |
Released a limited edition capsule of streetwear (Fashion United) |
| Tapestry |
Raising US employee minimum wage to $15/hr; also aiming to be 100% renewable energy by 2025 (CSA) |
| Tapestry |
Creates a $50 Million foundation to advance equity and opportunity as well as combat climate change (Tapestry IR) |
| Title Nine |
Paid U.S. Women’s National Soccer Team $1 Million to level the team's gender pay gap (WWD) |
| Twitter |
Testing a new shopping feature on brands' profile pages (Fashion United) |
| Walmart |
Partnering with Adobe to offer several of its in-house technologies and capabilities to small and mid-sized businesses (Retail Dive) |
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Livestream shopping looks to become mainstream. (Modern Retail)
QR codes are here to stay. So is the tracking they allow. (New York Times)
Can U.S. consumers keep delivering growth for luxury brands? (WWD)
Sunscreen brands get a glow up that's more fun, but also easier to misuse. (New York Times)
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