Nike is one of six major brands to see a decline in teen spending, and the age group has an increased preference for streetwear labels like Vans and Supreme. In addition, teens spend more on food than clothing.
Equistone Partners Europe, one of the continent’s major mid-market private equity investors, is buying a controlling stake in German multichannel streetwear and hip-hop retailer DefShop for an undisclosed sum.
New Bond Street has taken the top spot for the fastest growing prime retail location in the world and is now the second most expensive street for retailers after New York’s Fifth Avenue, according to a new report.
Part of the Printemps group, the youth retailer will open a 1,700 square metre store on the famous avenue. The outlet looks to reach a more international clientele, as well as attracting more women through its doors.