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The News In Brief

Retail

H&M Profit Misses Estimates as Turnaround Questions Persist

H&M reported weaker-than-expected second-quarter earnings, posing a fresh challenge to the Swedish fast-fashion retailer’s turnaround efforts amid intense competition and cautious consumer spending.

Retail

H&M Profit Misses Estimates as Turnaround Questions Persist

H&M reported weaker-than-expected second-quarter earnings, posing a fresh challenge to the Swedish fast-fashion retailer’s turnaround efforts amid intense competition and cautious consumer spending.


Sports

Nike Hires Pfizer’s Denton to Take Over for Departing CFO

David Denton will take over on Aug. 17, succeeding Matthew Friend.

Sports

Nike Hires Pfizer’s Denton to Take Over for Departing CFO

David Denton will take over on Aug. 17, succeeding Matthew Friend.


Luxury

Versace CEO Emmanuel Gintzburger Resigns

The executive stepped down after three years running the Italian fashion house. Prada is accelerating leadership changes as it reshapes the recently acquired luxury house.

Luxury

Versace CEO Emmanuel Gintzburger Resigns

The executive stepped down after three years running the Italian fashion house. Prada is accelerating leadership changes as it reshapes the recently acquired luxury house.


Sustainability

UK Bans ‘Recycled’ Clothing Ads From Adidas, Uniqlo and Calvin Klein

Major retailers’ ads promoting “recycled” clothing and shoes have been banned by the UK watchdog after advertisers were unable to prove their green claims.

Sustainability

UK Bans ‘Recycled’ Clothing Ads From Adidas, Uniqlo and Calvin Klein

Major retailers’ ads promoting “recycled” clothing and shoes have been banned by the UK watchdog after advertisers were unable to prove their green claims.


Marketing

The Independents Acquires Production Firm Phantasm Group

The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.

Marketing

The Independents Acquires Production Firm Phantasm Group

The latest in The Independents’ agency acquisition spree, the Paris-based firm will bring its film and campaign production capabilities to the group at a time when entertainment is an increasingly important lever for fashion.


Retail

Opinion: Amazon Should Share the Wealth of Its Prime Day Data

Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.

Retail

Opinion: Amazon Should Share the Wealth of Its Prime Day Data

Simply repeating last year’s comment — that Prime Day was the biggest ever, generating record sales — won’t cut it, argues Andrea Felsted.


Luxury

McQueen Returns to London Fashion Week

The label founded by Lee Alexander McQueen will stage its next runway show in London on September 20th as owner Kering works to restructure and reposition the brand.

Luxury

McQueen Returns to London Fashion Week

The label founded by Lee Alexander McQueen will stage its next runway show in London on September 20th as owner Kering works to restructure and reposition the brand.


Technology

AI Transparency Rule Shouldn’t Apply to Ads, EU Retail Group Says

Eurocommerce, whose members include H&M and Inditex, argued AI-generated ads should be exempt from a rule requiring disclosure of AI use.

Technology

AI Transparency Rule Shouldn’t Apply to Ads, EU Retail Group Says

Eurocommerce, whose members include H&M and Inditex, argued AI-generated ads should be exempt from a rule requiring disclosure of AI use.


Media

Vox Media Acquired by Penske Media Corporation

The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.

Media

Vox Media Acquired by Penske Media Corporation

The WWD and BeautyInc publisher has also created a new subsidiary, named PMX, to combine its publishing portfolio, comprising 25 titles.


Retail

Report: Reformation Eyes IPO This Summer

The womenswear label may file for an initial public offering as soon as next week, on track to go public in July, The Wall Street Journal reported.

Retail

Report: Reformation Eyes IPO This Summer

The womenswear label may file for an initial public offering as soon as next week, on track to go public in July, The Wall Street Journal reported.


Media

UAE Sets Minimum Social Media Age at 15, Mandates Age Checks

Social media companies ​will have up to 12 months to comply with ​the ⁠new regulations.

Media

UAE Sets Minimum Social Media Age at 15, Mandates Age Checks

Social media companies ​will have up to 12 months to comply with ​the ⁠new regulations.


Luxury

Swiss Watch Exports Feel Impact of Middle East Conflict

Exports barely increased in May after two months of declines, suggesting the industry is feeling the effects of fallout from the conflict in the Middle East.

Luxury

Swiss Watch Exports Feel Impact of Middle East Conflict

Exports barely increased in May after two months of declines, suggesting the industry is feeling the effects of fallout from the conflict in the Middle East.