Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
consumers
Retail
US Treasury Secretary Says Walmart Will ‘Eat Some of the Tariffs’ After Trump Demand
The US Treasury Secretary claimed Walmart’s CEO assured him the retailer would absorb some tariffs, contradicting the company’s earlier statement about raising prices last week.
US Treasury Secretary Says Walmart Will ‘Eat Some of the Tariffs’ After Trump Demand
The US Treasury Secretary claimed Walmart’s CEO assured him the retailer would absorb some tariffs, contradicting the company’s earlier statement about raising prices last week.
Luxury
Christian Dior Couture Client Data Breached in Cyber Attack
LVMH’s second biggest fashion label said an “unauthorised external party” accessed some customers’ data, but not financial information.
Christian Dior Couture Client Data Breached in Cyber Attack
LVMH’s second biggest fashion label said an “unauthorised external party” accessed some customers’ data, but not financial information.
Luxury
Richemont Sales Jump on Strong Demand for Cartier
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
Richemont Sales Jump on Strong Demand for Cartier
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
Retail
Retail’s Looming Inventory Problem
Amid tariff whiplash, retailers are scrambling to balance demand with delayed shipments. Too much stock — or too little — could spell disaster for fall and holiday collections.
Retail’s Looming Inventory Problem
Amid tariff whiplash, retailers are scrambling to balance demand with delayed shipments. Too much stock — or too little — could spell disaster for fall and holiday collections.
Marketing
5 Fashion Brands That Dominated the Met Gala Social Conversation
Analysis from BoF INSIGHTS PULSE shows which brands and celebrities drove the conversation around the Met Gala on social media — and why.
5 Fashion Brands That Dominated the Met Gala Social Conversation
Analysis from BoF INSIGHTS PULSE shows which brands and celebrities drove the conversation around the Met Gala on social media — and why.
Retail
Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand
Birkenstock will globally increase prices to counter the 10% US tariff on EU goods, following better-than-expected sales and an improved financial outlook.
Birkenstock Plans Price Hikes to Offset Tariffs, Sees Strong Demand
Birkenstock will globally increase prices to counter the 10% US tariff on EU goods, following better-than-expected sales and an improved financial outlook.
Retail
Retailers Rush to Save US Summer Shopping Season
Following a temporary US tariff cut on Chinese imports, US retailers are accelerating efforts to import summer merchandise from China, reversing a previous slowdown in orders.
Retailers Rush to Save US Summer Shopping Season
Following a temporary US tariff cut on Chinese imports, US retailers are accelerating efforts to import summer merchandise from China, reversing a previous slowdown in orders.
Retail
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
Shein reduced its US retail prices after a temporary cut in US tariffs on Chinese imports, aiming to regain customers who were deterred by previous price increases.
Shein Lowers Prices to Lure Back US Shoppers After Tariff Cut
Shein reduced its US retail prices after a temporary cut in US tariffs on Chinese imports, aiming to regain customers who were deterred by previous price increases.
Retail
The Tariff-Proof International Expansion Playbook
As the impact of tariffs on the industry sets in, a few American brands are turning their attention to overseas markets, and building resilient supply chains that can withstand indefinite uncertainty.
The Tariff-Proof International Expansion Playbook
As the impact of tariffs on the industry sets in, a few American brands are turning their attention to overseas markets, and building resilient supply chains that can withstand indefinite uncertainty.
Beauty
Drunk Elephant Was Never for Kids
The clean beauty brand has faced significant challenges in the years since it was acquired by Shiseido, but its embrace of young consumers may have been its biggest misstep.
Drunk Elephant Was Never for Kids
The clean beauty brand has faced significant challenges in the years since it was acquired by Shiseido, but its embrace of young consumers may have been its biggest misstep.
Retail
US Tax Bill to End Duty-Free Imports of Cheap Foreign Goods
The provision would put into law and expand an executive order that came into force earlier this month, halting the ‘de minimis exemption’ for Chinese imports worth less than $800.
US Tax Bill to End Duty-Free Imports of Cheap Foreign Goods
The provision would put into law and expand an executive order that came into force earlier this month, halting the ‘de minimis exemption’ for Chinese imports worth less than $800.
Retail
Shopee Owner Sea’s Profit Tops Estimates on Steady E-Commerce Demand
The Singapore group reported better-than-expected results, a sign that the Southeast Asian e-commerce giant is holding up well against fierce rivals TikTok and Lazada.
Shopee Owner Sea’s Profit Tops Estimates on Steady E-Commerce Demand
The Singapore group reported better-than-expected results, a sign that the Southeast Asian e-commerce giant is holding up well against fierce rivals TikTok and Lazada.
The News in Brief
Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.