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.
business-growth
Financial Markets
Amazon Says ‘Prime Day’ Sales Up 30 Percent for Merchants
Amazon.com said Prime Day sales from third-party merchants surged 30 percent compared with a year earlier, fuelled largely by international demand.
Amazon Says ‘Prime Day’ Sales Up 30 Percent for Merchants
Amazon.com said Prime Day sales from third-party merchants surged 30 percent compared with a year earlier, fuelled largely by international demand.
Financial Markets
Op-Ed | How Small Brands Can Face Heavyweights
A global network enabling shared data, manufacturing resources and a sales force of independent stylists is the solution to the challenges facing start-up fashion businesses, argues Adam Pritzker.
Op-Ed | How Small Brands Can Face Heavyweights
A global network enabling shared data, manufacturing resources and a sales force of independent stylists is the solution to the challenges facing start-up fashion businesses, argues Adam Pritzker.
Financial Markets
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Young Turks: E-Commerce Start-Ups Bet On Enviable Demographics
The potential for online retail growth in Turkey is increasingly attracting overseas players and investors.
Retail
Finish Line Surges After Adidas Sales Help Results Top Estimates
Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes.
Finish Line Surges After Adidas Sales Help Results Top Estimates
Finish Line Inc. surged the most in more than seven years after beating first-quarter expectations in a weak retail environment, helped by strong sales of Adidas brand shoes.
Financial Markets
SoftBank Sees Up to $2.4 Billion Profit on Alibaba Share Sale
SoftBank has said it expects to book a profit of between 200 billion yen and 250 billion yen ($1.9 billion-$2.4 billion) this financial year on the sale of its shares in Alibaba.
SoftBank Sees Up to $2.4 Billion Profit on Alibaba Share Sale
SoftBank has said it expects to book a profit of between 200 billion yen and 250 billion yen ($1.9 billion-$2.4 billion) this financial year on the sale of its shares in Alibaba.
Financial Markets
Inditex Profit Beats Estimates, Outpacing Main Fashion Rival H&M
Operating profit increased 6 percent to €705 million ($790 million) in the three months through April, Inditex said.
Inditex Profit Beats Estimates, Outpacing Main Fashion Rival H&M
Operating profit increased 6 percent to €705 million ($790 million) in the three months through April, Inditex said.
Retail
Uniqlo Wants to Become World's Biggest Apparel Maker
Uniqlo has leveraged its prowess in mass production to build a fashion empire filled with shelves upon shelves of affordable, good quality items like down jackets, underwear and T-shirts.
Uniqlo Wants to Become World's Biggest Apparel Maker
Uniqlo has leveraged its prowess in mass production to build a fashion empire filled with shelves upon shelves of affordable, good quality items like down jackets, underwear and T-shirts.
Financial Markets
Nike, Adidas Replace Big-Name Luxury as China Goes Casual
Chinese consumers, who want to make statements when they go shopping, are increasingly turning to Western sports brands.
Nike, Adidas Replace Big-Name Luxury as China Goes Casual
Chinese consumers, who want to make statements when they go shopping, are increasingly turning to Western sports brands.
Financial Markets
Alibaba Sees Growth Rising to 48 Percent in First Forecast
Alibaba Group Holding Ltd. said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014.
Alibaba Sees Growth Rising to 48 Percent in First Forecast
Alibaba Group Holding Ltd. said that revenue growth will accelerate this fiscal year as China’s largest e-commerce company provided its first financial forecast since going public in 2014.
Financial Markets
Alibaba Expects to Nearly Double Transactions Volume by 2020
Alibaba said it expects to record 6 trillion yuan (over $900 billion) in gross merchandise volume in fiscal 2020, nearly double 3.09 trillion yuan in fiscal 2016.
Alibaba Expects to Nearly Double Transactions Volume by 2020
Alibaba said it expects to record 6 trillion yuan (over $900 billion) in gross merchandise volume in fiscal 2020, nearly double 3.09 trillion yuan in fiscal 2016.
Financial Markets
Ralph Lauren Hires Coach CFO as It Shakes Up Management Ranks
Jane Nielsen will join the fashion house as chief financial officer in September.
Ralph Lauren Hires Coach CFO as It Shakes Up Management Ranks
Jane Nielsen will join the fashion house as chief financial officer in September.
Financial Markets
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
Lululemon Sales Beat Estimates as New Products Draw Customers
Lululemon Athletica posted first-quarter sales that topped analysts’ estimates, helped by new products like an expanded selection of women’s tops.
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.