Retail News CRM

Tag: after

  • Onitsuka Tiger Announces 2027 North American Comeback As Part Of Global Expansion Strategy

    Onitsuka Tiger Announces 2027 North American Comeback As Part Of Global Expansion Strategy

    Japanese footwear label Onitsuka Tiger has unveiled its plans to make a comeback in the North American market by 2027, signifying a critical phase in the company’s international growth strategy.

    Onitsuka Tiger, which is managed by sports apparel titan Asics, had previously closed its retail stores in the United States in 2023. In a recent announcement, a representative of Onitsuka Tiger revealed their plans of utilizing their worldwide e-commerce platform to penetrate new regions and reestablish their presence in the U.S.

    The spokesperson said, “Our initiatives are geared toward not just enlarging our business scope but also towards constructing a enduring brand value in the international marketplace, in line with Onitsuka Tiger’s principles and artistic sensitivity.”

    At present, Onitsuka Tiger operates in over 150 locations globally and has a dominant presence in Japan, Greater China, South Korea, and Europe. In a recent move to reinforce its high-end positioning, the company launched a new global flagship store in Paris on the renowned Avenue des Champs-Elysees.

    By the year 2030, the company has set its sights on setting up more than four large-scale stores, each spanning approximately 1500 square meters, in key cities around the world.

    Questions & Answers

    When is Onitsuka Tiger planning to return to the North American market?
    Onitsuka Tiger plans to re-enter the North American market by the year 2027.

    How does Onitsuka Tiger plan to expand its global presence?
    Onitsuka Tiger plans to use its global e-commerce platform to venture into new regions and reestablish its presence in markets it previously operated in, such as the U.S.

    What are the company’s expansion goals by 2030?
    By 2030, Onitsuka Tiger aims to open more than four large-format stores, each around 1500 square meters, in major global cities.

  • Levi Strauss & Co. Projects Revenue Surge, Boosting Fy25 Forecast Amid Strong Q2 Performance

    Levi Strauss & Co. Projects Revenue Surge, Boosting Fy25 Forecast Amid Strong Q2 Performance

    Levi Strauss & Co. anticipates a brighter financial future following robust sales and profit increase in the second quarter. The company has revised its net revenue growth forecast for FY25, projecting a rise of 1-2% compared to the earlier prediction of a 1-2% decline.

    Projected Organic Revenue Growth

    The expected organic growth in revenue has also been adjusted. Levi Strauss & Co. now projects an increase of 4.5-5.5%, a significant improvement from the earlier estimate of 3.5-4.5%. These expectations are centered on the company’s continuing operations, excluding the Dockers business, which was divested earlier in May.

    Implication of Tariffs on Outlook

    The company’s forecasts take into consideration the current tariff rates. It anticipates that the US tariffs on imports from China will persist at 30%, and the remaining global tariffs will remain at 10% for the rest of the year.

    Harmit Singh, Chief Financial and Growth Officer of Levi Strauss & Co., expressed confidence in the company’s future, asserting, “We are fundamentally evolving into a higher growth, higher margin organization, with enhanced cash flows and returns on invested capital.”

    Second Quarter Performance

    The second quarter, which concluded on June 1, was a strong one for Levi Strauss & Co. The company achieved a 6% increase in net revenues on a reported basis and a 9% increase on an organic basis, culminating in a total revenue of US$1.4 billion.

    Regionally, organic sales rose 9% in the Americas and 15% in Europe. However, sales remained stagnant in Asia. Net income from continuing operations also witnessed a remarkable increase, rising from $17 million in the previous year to $80 million.

    Looking Ahead

    The company’s President and CEO, Michelle Gass, expressed optimism about the company’s future. She stated that Levi Strauss & Co. is entering the second half of 2025 with a strong foundation. The company continues to strive towards becoming a leading denim lifestyle brand and a top direct-to-consumer retailer. Gass is confident that Levi’s future is brighter and its legacy larger, and the company is steadily building towards this vision quarter by quarter.

    Questions & Answers

    What is the revised net revenue growth forecast for Levi Strauss & Co. for FY25?
    The company now expects a 1-2% increase in net revenue, a reversal from the previous prediction of a 1-2% decline.

    What is the projected organic revenue growth for the company?
    The revised estimate for organic revenue growth is 4.5-5.5%, up from the earlier forecast of 3.5-4.5%.

    How did Levi Strauss & Co. perform in the second quarter?
    The company reported a 6% increase in net revenues on a reported basis and a 9% increase on an organic basis. Net income from continuing operations rose to $80 million, a significant increase from $17 million in the previous year.

  • British Airways attendant caught dancing naked mid-flight after suspected drug meltdown

    British Airways attendant caught dancing naked mid-flight after suspected drug meltdown

    On a recent British Airways flight from San Francisco to London, an unusual incident occurred high above the clouds. A male flight attendant was discovered in the throes of an unorthodox dance, completely unclothed, inside a business class restroom. Allegedly, he was under the influence of drugs during the scene.

    This unexpected episode unfolded mid-flight on the long, 10.5-hour journey aboard an Airbus A380-800. The airline crew member, whose duty it was to serve meals during the flight, vanished shortly after takeoff. This sudden disappearance sparked worry among his fellow crew members.

    The subsequent search of the sprawling double-decker aircraft reached a startling conclusion when the missing attendant was discovered in a state of undress. He was not merely naked, but also engaged in erratic dance movements in the confines of a Club World restroom.

    Upon the discovery, fellow crew members acted promptly to defuse the situation. The man was escorted out of the restroom and placed securely in a premium seat for the rest of the flight. There, he was restrained and kept under constant supervision, while the remaining crew members scrambled to take on the task of caring for the flight’s 470 passengers. Impressively, they reportedly managed this without taking any breaks.

    The flight touched down at Heathrow Airport around 11 a.m. on May 25, where authorities and medical personnel were waiting. The crew member was removed from the aircraft in a wheelchair. In the aftermath of the incident, he has since been suspended from his duties.

    Questions & Answers

    What was the flight route?
    The flight was from San Francisco to London.

    What actions were taken by the crew upon discovering the incident?
    The crew moved the man from the lavatory and secured him in a premium seat for the rest of the flight. They also supervised him while taking over his duties and serving the passengers.

    What actions were taken against the crew member involved in the incident?
    He was removed from the aircraft upon landing and has since been suspended from his duties.