Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Ohio, United States
Financial Markets
Weak Victoria's Secret Sales Has L Brands Deeper in the Red
L Brands’ attempts to use promotions to bolster its sales numbers have failed, and have caused the April merchandise margin rate to be “down significantly” versus last year.
Weak Victoria's Secret Sales Has L Brands Deeper in the Red
L Brands’ attempts to use promotions to bolster its sales numbers have failed, and have caused the April merchandise margin rate to be “down significantly” versus last year.
Retail
Macy's to Hire 7,000 More Workers on Brisk Seasonal Demand
The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.
Macy's to Hire 7,000 More Workers on Brisk Seasonal Demand
The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.
News & Analysis
Victoria's Secret Woes Shift to Panty Business as Holidays Near
The lingerie seller, which has struggled to pull out of a sales slump, just posted its second straight quarter of declines in its panties business.
Victoria's Secret Woes Shift to Panty Business as Holidays Near
The lingerie seller, which has struggled to pull out of a sales slump, just posted its second straight quarter of declines in its panties business.
News & Analysis
Abercrombie & Fitch Draws on Legacy for New Look
After years of declining sales, Abercrombie & Fitch is reinventing its namesake brand, shunning the exclusionary preppy stereotypes that made it a powerhouse of teen clothing.
Abercrombie & Fitch Draws on Legacy for New Look
After years of declining sales, Abercrombie & Fitch is reinventing its namesake brand, shunning the exclusionary preppy stereotypes that made it a powerhouse of teen clothing.
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News & Analysis
Amazon Is Lifeline for Retail Workers — If They Live in Right City
While the e-commerce giant’s fulfilment centres may be providing employment for ex-retail workers, a concentration of warehouse job growth is clustered around Amazon facilities while retail's losses are more evenly distributed.
Amazon Is Lifeline for Retail Workers — If They Live in Right City
While the e-commerce giant’s fulfilment centres may be providing employment for ex-retail workers, a concentration of warehouse job growth is clustered around Amazon facilities while retail's losses are more evenly distributed.
Financial Markets
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Abercrombie & Fitch Looks to Hollister for Lessons in Tapping Gen-Z
While the struggling mall retailer has been bolstered by good results from teen friendly Hollister, its namesake brand is still working to find its footing. CEO Fran Horowitz outlines the plan for BoF.
Retail
Abercrombie & Fitch Posts First Quarter Loss of $62 Million
The struggling teen retailer reported a loss of nearly $62 million in its first quarter. Earlier this month, it confirmed it was in talks with several parties about a potential deal.
Abercrombie & Fitch Posts First Quarter Loss of $62 Million
The struggling teen retailer reported a loss of nearly $62 million in its first quarter. Earlier this month, it confirmed it was in talks with several parties about a potential deal.
Retail
Hollister Turnaround Finally Paying Off
Abercrombie & Fitch has been remodelling its Hollister stores and hiring top designers and executives to help it keep up with competitors.
Hollister Turnaround Finally Paying Off
Abercrombie & Fitch has been remodelling its Hollister stores and hiring top designers and executives to help it keep up with competitors.
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Financial Markets
Abercrombie & Fitch Shares Jump After Earnings Beat Estimates
Abercrombie & Fitch Co. jumped as much as 19 percent in early trading after the teen-clothing chain posted a surprise profit, fueling optimism that it can recover from years of slumping sales.
Abercrombie & Fitch Shares Jump After Earnings Beat Estimates
Abercrombie & Fitch Co. jumped as much as 19 percent in early trading after the teen-clothing chain posted a surprise profit, fueling optimism that it can recover from years of slumping sales.
Financial Markets
Abercrombie Posts Wider Loss as Currency Hampers Turnaround
Abercrombie & Fitch Co. posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
Abercrombie Posts Wider Loss as Currency Hampers Turnaround
Abercrombie & Fitch Co. posted a wider first-quarter loss after currency fluctuations hampered attempts to turn around the business.
News & Analysis
Abercrombie CEO Search Pits Operations Chief Against Brand Heads
Abercrombie & Fitch Co., which hasn’t had a CEO in five months, has set up a contest for the job that pits its operations chief against each of its brand presidents.
Abercrombie CEO Search Pits Operations Chief Against Brand Heads
Abercrombie & Fitch Co., which hasn’t had a CEO in five months, has set up a contest for the job that pits its operations chief against each of its brand presidents.
Beauty
Procter & Gamble Mulls Sale or IPO of Beauty Brands
Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.
Procter & Gamble Mulls Sale or IPO of Beauty Brands
Procter & Gamble Co is exploring a sale or initial public offering of some of its beauty brands in a single deal.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.