Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
Boston, United States
News & Analysis
How I Became… Chief Operating Officer of Evolved By Nature
By harnessing liquid silk to replace biologically harmful chemicals in skincare and textiles, capturing the interest and subsequent investment from Chanel, Dr Rebecca Lacouture is paving the way in sustainable beauty product development.
Beauty
Op-Ed | A New (Augmented) Reality for Brands and Retailers
Companies that don't make use of augmented reality technologies may soon find themselves unable to compete, argue Sarah Willersdorf, Christine Barton and Pierre Dupreelle.
Beauty
Bain Veteran Backs Cannabis ‘Mini-Amazon’ With CBD Beauty Fund
A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
News & Analysis
Adidas’ Plan to Resurrect Reebok
Reebok is trying to carve out a new place in an athleisure-driven sportswear market by prioritising women and embracing style. A resurgence of 1990s fashion trends is helping.
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Financial Markets
News Bites | NewStore Lands $50 Million in Funding
In today’s News Bites, mobile retail platform NewStore shares its plans to take on Amazon after a Series B funding round.
News & Analysis
Armed with Data and $16M in New Funding, M.Gemi Seeks Scale
The disruptive direct-to-consumer brand, which sells Italian-made shoes, has raised a Series C round to fuel growth.
News & Analysis
New Balance Created Its PR Crisis. Neo-Nazis Aren’t Helping
Days after the shoe company drew ire for praising the trade policies of President-elect Donald Trump, a neo-Nazi blogger on Saturday declared his support for New Balance footwear.
News & Analysis
Chuck Taylor Sequel Flops, Dealing Blow to Nike’s Converse Brand
With a lot of fanfare last July, Converse released a more expensive version of the classic Chuck Taylor, the first major overhaul of the world’s most iconic and best-selling sneaker, though like many sequels it was a letdown.
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Technology
Op-Ed | Why Brands Must Build ‘Mobile-Up’
Mobile enables powerful one-to-one interactions between brands and customers, but tapping the opportunity requires rethinking much more than just front-end experience, argues Stephan Schambach.
News & Analysis
Inside the Iteration of Converse’s Chuck Taylors
The maker of Chuck Taylor All-Stars is on a drive to update its shoes. Is that what consumers really want?
Technology
Thomas H. Lee in the Lead to Buy eBay's Enterprise Unit
Private equity firm Thomas H. Lee Partners LP is in advanced talks to acquire the enterprise business of eBay Inc for close to $1 billion, according to people familiar with the matter.
The News in Brief
Nike, Patagonia and Lululemon Join Group Battling Microfibre Pollution
Global environmental non-profit The Nature Conservancy has launched a new industry coalition to help apparel companies tackle microfibre pollution across their supply chains.
Meta Bans Ads From TikTok on Its Apps
The policy bars ads from ByteDance, which remains in charge of key parts of TikTok, and extends to third-party advertisers running campaigns that link to TikTok.
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.