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Good evening, below is today's KPA daily news brief. 

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KPA DAILY NEWS BRIEF | JULY 29, 2021
Leadership Changes
PredictSpring Retail POS solutions provider hires former Canada Goose exec Jacob Pat as its SVP of Customer Success & Partnerships (WWD)
Earnings Report
Amazon Q2:  Net sales increased 27% to $113.1 Billion, its third $100+ Billion quarter in a row, but misses analysts' expectations (Amazon IR)
Deckers Outdoor Q1: Increases revenue 78% to $504.7 Million; updates FY financial outlook (Deckers IR)
Dr. Martens Q1: Revenue up 52% to £147.3 Million (31% vs. 2019); Americas region had triple-digit revenue growth (Dr. Martens IR)
L'Oréal H1: 15.19 Billion Euros in sales; 29% e-commerce growth (L'Oreal IR)
Mothercare FY: £21.5 Million loss for the fiscal year; uncertain about its ability to keep operating (Mothercare IR)
Overstock Q2: Total net revenue of $795 Million, an increase of 4% vs. 2020; average order value increased 33% to $213 (Overstock IR)
PayPal Q2: Net revenue grew 19% to $6.24 Billion; Total Payment Volume of $311 Billion (40% growth) (PayPal IR)
Prada H1: Revenues hit 1.5 Billion Euros, up 60% vs. 2020; e-commerce grew by triple-digit percentage for the fifth quarter in a row (Prada IR)
Puma Q2: Revenues up 95.8% to 1.59 Billion Euros; upgrades year outlook (Puma IR)
Sally Beauty Q3: Net sales of $1.02 Billion; same-store sales up 45%; e-commerce sales represented 7% of net sales (Sally Beauty IR)
Tempur Sealy Q2: Net sales up 76% to $1.17 Billion vs. 2020 (Tempur Sealy IR)
Wolverine Worldwide Q2: $631.9 Million in revenue, up 81%; Merrell and Saucony brands reach all-time record quarterly revenues (WWW IR)
Financing / M&A
Caravana Mexican fashion and lifestyle brand has formed a strategic partnership with Cho Ventures; receives undisclosed investment (WWD)
Nykaa Indian beauty e-commerce company reportedly prepares for a potential $4 Billion IPO (BoF)
Highsnobiety Receives an investment of an undisclosed amount from Mirabaud Asset Management (BoF)
Other Retail News
DressX Unveils an app that allows customers to try and buy 3D digital clothing from its designer marketplace (WWD)
Facebook Will require vaccinations for employees returning to the office (CNN)
Justice Reports that its revamp is off to a strong start; reduces shipping and fulfillment costs (Sourcing Journal)
Klarna Committing £3 Million to help 100 SMBs in the UK in the wake of the COVID-19 pandemic (WWD)
Mere Russian discount chain is opening its first UK store next month (Retail Gazette)
PayPal New ‘super app’ is getting ready to launch over the next several months; will be more like WeChat or Alipay (Tech Crunch)
Pinterest Rolls out idea pins: long-lasting, multi-page, savable video content that is shoppable (Chain Store Age)
Rue21 Aiming to open 15 new stores this year (Fashion Network)
Soho House Opening its first Italian location this fall in Rome (WWD)
Twitter Shuts its New York and San Francisco offices just two weeks after reopening them (Tech Crunch)
Walt Disney Starting Friday, the company's US theme parks will require masks indoors (CNBC)
Who What Wear Launching Who What Wear Collection, a new DTC fashion brand (Glossy)
Yoox Net-a-Porter Succeeded in sourcing 100% renewable electricity across its facilities by the end of 2020 (Fashion United)
Relevant Reads
WW CEO Mindy Grossman on expressing vulnerability: "It's the No.1 leadership trait" (Footwear News)

“Dopamine dressing” -- brands are betting on brighter and bolder as consumers take more risks in their looks (Vogue Business)

Walgreens and Walmart’s new banking ventures will shake up finance (Fast Company)
ABOUT KIRK PALMER ASSOCIATES

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