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-slowdown
Financial Markets
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
Under Armour Earnings Fall 57 Percent as It Expands Beyond Apparel
Under Armour's second-quarter profit fell 57 percent as the sporting-goods maker took a hit from the bankruptcy of one of its largest customers and increased spending to fuel its sales growth.
News & Analysis
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Swatch First-Half Profit Slumps as Much as 60 Percent
Swatch Group, the maker of Omega and Tissot timepieces, said first-half profit fell about 50 percent to 60 percent on weak demand in Asia and Europe and the strength of the Swiss franc.
Financial Markets
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Aeropostale Reports 1Q Loss
Aeropostale has reported a loss of $58.4 million in its fiscal first quarter.
Retail
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Burberry Sales Beat Estimates on Recent Boost in UK Demand
Comparable sales fell 3 percent, beating the 5 percent drop expected by analysts.
Technology
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
Germany's Rocket Internet Falls Back To Earth
After slower growth from Nigeria to Russia and Brazil, Rocket Internet's 2012 launched would-be African Amazon company Jumia has casted doubt on Rocket Internet's ambition to become the world's biggest Internet company outside the United States and China.
News & Analysis
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Nike Shares Drop After Orders Spark Concerns About Slowdown
Nike tumbled as much as 7.4 percent in late trading after its sales and orders missed estimates, renewing concerns that competitors will hamstring growth at the world’s largest sports brand.
Financial Markets
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
JD.com Loses Lustre as Hedge Funds Backpedal Amid Slowing Growth
The US-traded stock has plunged 37 percent this year, wiping out almost $17 billion in market value.
Financial Markets
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
H&M Earnings Decline on Weakest Sales Growth in Three Years
H&M reported a decline in second-quarter earnings as the Swedish fashion retailer marked down merchandise that was not selling in Europe because of unusually wet and wintry weather.
China
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
Short Interest in JD.com Rises to Record as Stock Slumps
Investors are more bearish than ever on JD.com, even after the Chinese online retailer tumbled 37 percent this year amid flagging sales growth.
News & Analysis
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
Neiman Marcus' Same-Store Sales Fall Amid Apparel Slowdown
US luxury fashion retailer Neiman Marcus Group Ltd reported its third straight quarterly drop in sales at established stores and a nearly 81 percent fall in profit amid a slowdown in apparel spending.
News & Analysis
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Urban Outfitters Declines After Warning of Sales Slide
Urban Outfitters Inc. suffered its worst stock decline in almost seven months after warning of a sales decrease this quarter, renewing concerns about a slowdown at the retail chain.
Financial Markets
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
Men's Wearhouse Misses Street 1Q Forecasts
Men's Wearhouse has reported fiscal first-quarter profit of $1.6 million.
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.