Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
consumers
Retail
Macy’s Lifts Outlook in Latest Sign of Solid Holiday Demand
The retailer beat Wall Street’s forecasts in the recent quarter and raised its guidance for the rest of the fiscal year, showing that consumers keep spending despite economic concerns.
Macy’s Lifts Outlook in Latest Sign of Solid Holiday Demand
The retailer beat Wall Street’s forecasts in the recent quarter and raised its guidance for the rest of the fiscal year, showing that consumers keep spending despite economic concerns.
Retail
How Brands Got Consumers to Shop on Black Friday
Despite consumer sentiment reaching an all-time low ahead of retail’s biggest shopping event, brands managed to entice cash-strapped consumers with concentrated discounts, new product launches and an emphasis on storytelling.
How Brands Got Consumers to Shop on Black Friday
Despite consumer sentiment reaching an all-time low ahead of retail’s biggest shopping event, brands managed to entice cash-strapped consumers with concentrated discounts, new product launches and an emphasis on storytelling.
Technology
Smart Glasses Are Ready for a Breakthrough Year
The category is reaching an inflection point as more brands release style-conscious frames equipped with capabilities like AI, according to the BoF-McKinsey State of Fashion 2026.
Smart Glasses Are Ready for a Breakthrough Year
The category is reaching an inflection point as more brands release style-conscious frames equipped with capabilities like AI, according to the BoF-McKinsey State of Fashion 2026.
Beauty
Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access
The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.
Eli Lilly Cuts Zepbound Price to Widen Obesity Drug’s Access
The US pharmaceutical giant has lowered the price of single-dose vials of its popular obesity drug Zepbound to make the treatment more affordable for US patients.
Luxury
Opinion: Cartier Is Becoming Gen Z’s Rolex With Help from Taylor Swift
Young buyers are increasingly opting for smaller, dressier timepieces, boosting Cartier-owner Richemont’s sales, says Andrea Felsted.
Opinion: Cartier Is Becoming Gen Z’s Rolex With Help from Taylor Swift
Young buyers are increasingly opting for smaller, dressier timepieces, boosting Cartier-owner Richemont’s sales, says Andrea Felsted.
Retail
Teen Retailers Win Over Black Friday’s In-Store Shoppers
Edikted, Brandy Melville and Kendra Scott were some of the busiest stores in the US on the official start to the holiday shopping season.
Teen Retailers Win Over Black Friday’s In-Store Shoppers
Edikted, Brandy Melville and Kendra Scott were some of the busiest stores in the US on the official start to the holiday shopping season.
Retail
AI Helps Drive Record $11.8 Billion in Black Friday Online Spending
AI-powered shopping tools helped drive a surge in US online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes.
AI Helps Drive Record $11.8 Billion in Black Friday Online Spending
AI-powered shopping tools helped drive a surge in US online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes.
Luxury
This Week: Chanel and Zara Face Fresh Tests
Matthieu Blazy’s first US show for Chanel and Zara-owner Inditex’s latest financial results will be key tests for two powerhouses at opposite ends of the market. Plus, The Fashion Awards.
This Week: Chanel and Zara Face Fresh Tests
Matthieu Blazy’s first US show for Chanel and Zara-owner Inditex’s latest financial results will be key tests for two powerhouses at opposite ends of the market. Plus, The Fashion Awards.
Retail
This Year’s Black Friday Paradox
Shoppers feel worse than ever but are still spending — selectively. This holiday season turns on a widening wealth divide and a rising insistence on quality at a fair price.
This Year’s Black Friday Paradox
Shoppers feel worse than ever but are still spending — selectively. This holiday season turns on a widening wealth divide and a rising insistence on quality at a fair price.
Retail
Jewellery Giant Pandora Expects Fierce Black Friday Competition
The world’s largest jeweller is bracing for battle as retailers turn to discounts to lure cautious shoppers at a moment of weak consumer confidence.
Jewellery Giant Pandora Expects Fierce Black Friday Competition
The world’s largest jeweller is bracing for battle as retailers turn to discounts to lure cautious shoppers at a moment of weak consumer confidence.
Beauty
FDA Poised to Kill Proposal Requiring Asbestos Testing for Cosmetics
US health secretary Robert F. Kennedy Jr signed an order withdrawing a proposal for a rule that would mandate testing for the cancer-linked toxin in talc-based makeup.
FDA Poised to Kill Proposal Requiring Asbestos Testing for Cosmetics
US health secretary Robert F. Kennedy Jr signed an order withdrawing a proposal for a rule that would mandate testing for the cancer-linked toxin in talc-based makeup.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.