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.
e-commerce
China
Alibaba Earnings Turnaround Hopes Revived After Shares Rise 60%
The consensus estimate for the retailer’s earnings per share for the next 12 months has climbed more than 7 percent from a three-year low in late May, according to data compiled by Bloomberg.
Alibaba Earnings Turnaround Hopes Revived After Shares Rise 60%
The consensus estimate for the retailer’s earnings per share for the next 12 months has climbed more than 7 percent from a three-year low in late May, according to data compiled by Bloomberg.
China
Meet Alibaba’s New Fashion Powerbrokers
Following a management reshuffle, leaders at the e-commerce giant are developing services to revitalise sales for brands in the troubled China market.
Meet Alibaba’s New Fashion Powerbrokers
Following a management reshuffle, leaders at the e-commerce giant are developing services to revitalise sales for brands in the troubled China market.
News & Analysis
Inditex Shutters Bershka, Pull & Bear and Stradivarius Businesses in China
The Spanish retail giant will end the e-commerce operations of the three brands in China this month.
Inditex Shutters Bershka, Pull & Bear and Stradivarius Businesses in China
The Spanish retail giant will end the e-commerce operations of the three brands in China this month.
Technology
Klarna Discussing Valuation Cut to $6 Billion From $45.6 Billion
Klarna Bank AB is in talks to raise new equity at a valuation as low as $6 billion, a fraction of the $45.6 billion it commanded last summer as it became Europe’s most valuable startup, according to people with knowledge of the matter.
Klarna Discussing Valuation Cut to $6 Billion From $45.6 Billion
Klarna Bank AB is in talks to raise new equity at a valuation as low as $6 billion, a fraction of the $45.6 billion it commanded last summer as it became Europe’s most valuable startup, according to people with knowledge of the matter.
Technology
Fashion’s Metaverse Reality Check
The marketing value of digital fashion and NFTs may now be clear, but fashion brands will need to separate hype from the concrete opportunities to generate sustainable revenue streams from the metaverse.
Fashion’s Metaverse Reality Check
The marketing value of digital fashion and NFTs may now be clear, but fashion brands will need to separate hype from the concrete opportunities to generate sustainable revenue streams from the metaverse.
Entrepreneurship
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
How to Fundraise in a Bear Market
Facing a possible recession, private investors are tightening their purse strings. This means fashion and beauty start-ups must preserve cash and undertake creative tactics to secure capital.
Retail
Derek Jeter, Wayne Gretzky and Misty Copeland Team Up for Sports Apparel Label
The former professional MLB baseball, Canadian hockey player and American ballet dancer are launching a new fitness apparel brand, Greatness Wins, together with Chris Riccobono, a co-founder of the menswear brand Untuckit.
Derek Jeter, Wayne Gretzky and Misty Copeland Team Up for Sports Apparel Label
The former professional MLB baseball, Canadian hockey player and American ballet dancer are launching a new fitness apparel brand, Greatness Wins, together with Chris Riccobono, a co-founder of the menswear brand Untuckit.
China
Shanghai’s Fashion Stores Struggle to Clear Lockdown Stock Hangover
Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port.
Shanghai’s Fashion Stores Struggle to Clear Lockdown Stock Hangover
Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port.
Retail
Boohoo Appoints Former Asos, Amazon Executive as New CFO
The UK-based fast-fashion retailer announced that Shaun McCabe will succeed Neil Catto as the company’s chief financial officer, in a regulatory statement Tuesday.
Boohoo Appoints Former Asos, Amazon Executive as New CFO
The UK-based fast-fashion retailer announced that Shaun McCabe will succeed Neil Catto as the company’s chief financial officer, in a regulatory statement Tuesday.
Retail
End. Names New CEO
LVMH vet Parker Gundersen will succeed co-founders Christiaan Ashworth and John Parker, who remain on the board of directors.
End. Names New CEO
LVMH vet Parker Gundersen will succeed co-founders Christiaan Ashworth and John Parker, who remain on the board of directors.
Workplace & Talent
How Alo Yoga Plans to Pay Its Employees in Crypto
Alo Yoga, a yoga-wear and accessories brand, is allowing its corporate employees to convert part or all of their checks to crypto and will accept the currency on its e-commerce site, too.
How Alo Yoga Plans to Pay Its Employees in Crypto
Alo Yoga, a yoga-wear and accessories brand, is allowing its corporate employees to convert part or all of their checks to crypto and will accept the currency on its e-commerce site, too.
Sports
How Athletes Went From Selling Merch to Building Fashion Brands
High-profile athletes used to make money by inking licensing deals with retailers that use their names on jerseys and shorts. Today, sports stars like Russell Westbrook and Megan Rapinoe are launching their own labels, with full financial and creative control.
How Athletes Went From Selling Merch to Building Fashion Brands
High-profile athletes used to make money by inking licensing deals with retailers that use their names on jerseys and shorts. Today, sports stars like Russell Westbrook and Megan Rapinoe are launching their own labels, with full financial and creative control.
The News in Brief
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.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.