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.
e-commerce
Luxury
Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.
Mytheresa’s Growth, Profits Slip Amid Luxury Slowdown
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.
Direct-to-Consumer
Why DTC Companies Should Avoid Venture Capital
All that cash might be tempting, but the motivations of founders and venture investors are rarely aligned, writes Imran Amed.
Why DTC Companies Should Avoid Venture Capital
All that cash might be tempting, but the motivations of founders and venture investors are rarely aligned, writes Imran Amed.
Beauty
The Brands Driving the Post-Pandemic At-Home Nail Boom
The shuttering of nail salons during the pandemic birthed a new sector of digitally-native brands selling at-home manicure kits. Three years later, category leaders are more than doubling sales as economic challenges permanently alter consumers’ nail care habits.
The Brands Driving the Post-Pandemic At-Home Nail Boom
The shuttering of nail salons during the pandemic birthed a new sector of digitally-native brands selling at-home manicure kits. Three years later, category leaders are more than doubling sales as economic challenges permanently alter consumers’ nail care habits.
Retail
Amazon Punished Its Own Sellers to Limit Walmart’s Reach, FTC says
Amazon punished its own sellers to limit Walmart’s reach as Walmart got into e-commerce, according to the Federal Trade Commission (FTC).
Amazon Punished Its Own Sellers to Limit Walmart’s Reach, FTC says
Amazon punished its own sellers to limit Walmart’s reach as Walmart got into e-commerce, according to the Federal Trade Commission (FTC).
Retail
Fast Fashion’s M&A Frenzy, Explained
Amid a spending slowdown and steep competition, the UK fast-fashion players including Asos and Frasers Group are selling off struggling brands.
Fast Fashion’s M&A Frenzy, Explained
Amid a spending slowdown and steep competition, the UK fast-fashion players including Asos and Frasers Group are selling off struggling brands.
Retail
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Why Shein Keeps Buying Its Rivals
The ultra-fast fashion giant’s latest acquisition of Missguided and a partnership with Forever 21 will grant it access to new customers and distribution channels.
Partner Content
Retail Predictions and Insights for the Upcoming Holiday Season in the US
Bolt has released its latest report, designed to equip retailers with critical insights on retail trends ahead of the holiday season and share survey findings from 100+ US-based e-commerce companies which generate more than $5 million in online gross merchandise volume.
Retail Predictions and Insights for the Upcoming Holiday Season in the US
Bolt has released its latest report, designed to equip retailers with critical insights on retail trends ahead of the holiday season and share survey findings from 100+ US-based e-commerce companies which generate more than $5 million in online gross merchandise volume.
Luxury
Matchesfashion Saw Slight Revenue Drop in 2022
This week, luxury e-tailer Matchesfashion announced revenue dropped 1.68 percent to £380.1 million ($461.6 million) for the 2022 fiscal year (ending January 2023) from £386.6 million the year prior.
Matchesfashion Saw Slight Revenue Drop in 2022
This week, luxury e-tailer Matchesfashion announced revenue dropped 1.68 percent to £380.1 million ($461.6 million) for the 2022 fiscal year (ending January 2023) from £386.6 million the year prior.
Retail
Amazon Reports Quarterly Revenue Above Estimates
Amazon beat third-quarter revenue estimates on Thursday as high interest rates failed to deter consumers from spending on its e-commerce platform for everything from groceries to electronics
Amazon Reports Quarterly Revenue Above Estimates
Amazon beat third-quarter revenue estimates on Thursday as high interest rates failed to deter consumers from spending on its e-commerce platform for everything from groceries to electronics
Retail
UPS Acquires Happy Returns
UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year.
UPS Acquires Happy Returns
UPS on Wednesday announced that it bought reverse logistics start-up Happy Returns from its previous owner PayPal for an undisclosed sum. The deal is expected to close in the final quarter of the year.
Retail
Amazon Analysts Expect Same-Day Delivery to Boost Margins in Q3
Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more frequent and bigger orders.
Amazon Analysts Expect Same-Day Delivery to Boost Margins in Q3
Investors will look for signs that Amazon’s aggressive expansion of same-day delivery services helped increase its third-quarter profit margin by spurring shoppers to place more frequent and bigger orders.
Retail
JD.com Sinks to Record Low as Wall Street Brokers Turn Bearish
The e-commerce giant’s slump reflects concerns that China’s consumption growth will remain sluggish.
JD.com Sinks to Record Low as Wall Street Brokers Turn Bearish
The e-commerce giant’s slump reflects concerns that China’s consumption growth will remain sluggish.
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.