Off-Price Retail’s New Golden Age

The North Face and Aimé Leon Dore Team Up; Valentino Names Riccardo Bellini CEO

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WHAT YOU NEED TO KNOW TODAY: THURSDAY, AUGUST 21, 2025 Off-price retailers like T.J. Maxx are seeing sales surge as consumers hit by tariffs and economic uncertainty go bargain hunting. Aimé Leon Dore founder Teddy Santis talks about his brand's new collaboration with The North Face. The Estée Lauder Companies reported another steep decline in quarterly sales, but analysts said its turnaround plan appears to be on track. Valentino named Riccardo Bellini its new chief executive. Guess will be taken private by Authentic Brands Group in a deal valuing the company at $1.4 billion.

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RETAIL Why Off-Price Is Entering a New Golden Age By Cathaleen Chen

With stronger-than-expected sales, a higher annual forecast and a playbook built for tariff turbulence, TJX is proving that off-price is not just resilient but ascendant in fashion — leaving traditional retail competitors scrambling to keep up. READ MORE

RETAIL Exclusive: The North Face Unveils First Aimé Leon Dore Collaboration By Lei Takanashi Aimé Leon Dore's founder Teddy Santis details what he hopes to be a recurring collaboration with The North Face, which is aspiring to lean further into lifestyle apparel as it seeks to double its revenue. READ MORE

LUXURY Valentino Names Riccardo Bellini CEO With Kering Deal At Stake By Robert Williams After taking the helm of parent company Mayhoola earlier this year, the former Margiela and Chloé chief will now focus on turning around the Qatari-owned group's biggest brand. READ MORE

BEAUTY Estée Lauder Companies Says Its Turnaround Is Working — Slowly By Daniela Morosini The company's recovery plan is underway, and green shoots are appearing in key areas like China. But its core brands are still struggling, and competition is stacking up. READ MORE

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NEWS BRIEFS Guess Will Go Private in $1.4 Billion Deal With Authentic Brands Pop Mart CEO Says Labubu-Maker's Revenue Could Hit Over $4 Billion This Year Bankrupt Jewellery Retailer Claire's to Sell Its North America Business Laopu Gold Sales, Profit Growth Beat on Robust China Demand Coty Annual Revenue Slides 4%, Eyes Turnaround in 2026 La Beauté Louis Vuitton's First Campaign Stars Hoyeon

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