Macy’s Raises Annual Targets as Bloomingdale’s Drives Growth
The retailer's improved outlook reflects resilience among higher-income shoppers, despite broader economic uncertainty.
Reuters
Luxury
One Year After Founder’s Death, Armani Faces Ticking Clock
The late Giorgio Armani stipulated in his will that the sale of around 15 percent of the company should take place between 12 and 18 months after his death, followed by the disposal of a larger stake or a public listing.
One Year After Founder’s Death, Armani Faces Ticking Clock
The late Giorgio Armani stipulated in his will that the sale of around 15 percent of the company should take place between 12 and 18 months after his death, followed by the disposal of a larger stake or a public listing.
Retail
Shein’s IPO Won’t Mask Its Sustainability Challenges
The company has tried to address ESG concerns that have triggered regulatory investigations and fines in several countries, but many of those challenges remain and could weigh it down even after its market debut.
Shein’s IPO Won’t Mask Its Sustainability Challenges
The company has tried to address ESG concerns that have triggered regulatory investigations and fines in several countries, but many of those challenges remain and could weigh it down even after its market debut.
News & Analysis
Trump Administration Moves to Impose Over $100,000 Fee for H-1B Worker Visas
A BoF analysis previously found hundreds of workers employed by dozens of fashion and beauty companies use the visas for skilled workers.
Trump Administration Moves to Impose Over $100,000 Fee for H-1B Worker Visas
A BoF analysis previously found hundreds of workers employed by dozens of fashion and beauty companies use the visas for skilled workers.
Retail
US Retail Sales Post First Decline in Nine Months in July
Retail sales dropped 0.6 percent last month after an unrevised 0.2 percent gain in June, but receipts at clothing stores rebounded 1.9 percent, likely boosted by back-to-school shopping.
US Retail Sales Post First Decline in Nine Months in July
Retail sales dropped 0.6 percent last month after an unrevised 0.2 percent gain in June, but receipts at clothing stores rebounded 1.9 percent, likely boosted by back-to-school shopping.
ADVERTISEMENT
ADVERTISEMENT
The News in Brief
American Eagle Shares Slide on Margin Outlook, Weak Sales at Core Brands
Shares slumped over 11 percent in premarket trading Thursday, following a flat quarterly gross-margin forecast as persistent softness at the company's core brands outweighed a second-quarter revenue beat.
Nike Shareholders Reject Climate Proposal Backed by Norway Wealth Fund
The proposal urged more transparency about the company’s climate goals, including the disclosure of details on how the sportswear maker intends to achieve emissions-reduction targets.
Report: CVC Explores $2 Billion Sale of Dr Teal’s Parent Company
Talks for a potential sale of Arthea, formerly known as PDC Brands, are at an early stage in a busy year for personal care mergers and acquisitions.
Lululemon Cuts Annual Revenue, Profit Outlook Again a Week Before New CEO Takes Over
Shares of the Vancouver-based apparel brand, which have declined nearly 69 percent in 2025, tumbled about 18 percent in extended trading.
Nestlé to Sell Vitamin Portfolio to Yellow Wood for $1 Billion
The deal includes Nature’s Bounty, Ester-C and Gard, as well as its private-label supplement business.
France Targets Shein and Temu With Fast-Fashion Fines
The penalties are part of a law passed in June that targets the extreme end of fast fashion and aims to address environmental concerns from overproduction.
Shein Prices Hong Kong IPO Below Top End of Range, Raises $1.74 Billion
Existing investors in the fast-fashion giant who participated in the offer include billionaire Michael Bloomberg's family office Willett Advisors, French billionaire entrepreneur and investor Xavier Niel and Microsoft Corp.