The News In Brief
Erewhon Is Coming to New York With a Smoothie Bar
The grocer’s arrival in New York will begin with a smoothie and juice bar in Kith’s upcoming private club.
Mytheresa Announces Layoffs at Yoox-Net-a-Porter
The German e-tailer said 700 employees will be impacted by an ongoing restructuring as the company integrates YNAP into its new parent organisation, LuxExperience.
Shein Opens Investigation After Shirt Listing Displayed Image Resembling Luigi Mangione
The fast-fashion company removed an image on its website that appeared to show Mangione in a white shirt reportedly priced just under $10.
Lush Closes All UK Stores For a Day in Solidarity with Gaza
The British soap and bodycare maker closed its 100-plus stores in the country as well as its factories and website on Wednesday in protest of Israel’s actions in Gaza.
Macy’s Lifts Forecasts as Turnaround Efforts Start Paying Off, Shares Jump
The retailer's turnaround strategy boosted demand across its Bloomingdale's and Bluemercury chains, sending its shares up roughly 20 percent.
US Holiday Spending Set for Steepest Drop Since Pandemic, PwC Survey Shows
Consumer spending is projected to see its steepest decline since the pandemic, as consumers, especially Gen Z, reduce discretionary purchases due to economic uncertainty and inflation.
Top UK Rolex Seller Rises as Outlook Eases Concern Over Tariffs
The watch retailer’s shares surged following strong trading in the first half of the fiscal year and minimal tariff impact.
Zalando Loses Court Fight Against Landmark EU Online Content Rules
The online fashion retailer’s legal loss supports the EU’s push to hold online platforms more accountable for illegal and harmful content.
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
LVMH and Kering Upgrades Fuel Rally for Luxury Stocks
HSBC upgraded stocks of luxury industry giants LVMH and Kering SA as it anticipates Chinese spending will pick back up and hurdles in the US market will prove short-lived.
Blackstone to Invest in South Korean Hair Care Business Juno
The alternative investor has invested in hair care brand Juno, partnering with its founder and CEO Yun-Seon Kang to support global expansion, capitalising on the rising global demand for K-beauty services.
Levi’s Says ‘Anti-Americanism’ Linked to Trump Could Dent UK Sales
‘Rising anti-Americanism as a consequence of the Trump tariffs and governmental policies’ could drive British shoppers away from its denim, the company said in its latest UK results filing.