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
Cracks Emerge in China’s E-Commerce Market
Even if brands overcome low consumer confidence during this year’s 618 shopping festival, a spike in online orders could worsen already congested logistics networks.
Cracks Emerge in China’s E-Commerce Market
Even if brands overcome low consumer confidence during this year’s 618 shopping festival, a spike in online orders could worsen already congested logistics networks.
Retail
How to Navigate the Return of Wholesale
After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour.
How to Navigate the Return of Wholesale
After a hard pivot to e-commerce during the pandemic, many brands are back to working with retailers. This time, they say the terms have changed in their favour.
Retail
Zilingo Founders Make Surprise Buyout Offer for Start-Up
Co-founder Dhruv Kapoor on Sunday proposed a management buyout to the Singapore-based company’s board.
Zilingo Founders Make Surprise Buyout Offer for Start-Up
Co-founder Dhruv Kapoor on Sunday proposed a management buyout to the Singapore-based company’s board.
China
China’s JD.com Posts Slowest Growth Ever in ‘618’ Shopping Event
Total sales by China’s e-commerce giant JD.com rose 10.3 percent over the 18 days to Sunday during the first major shopping festival since a recent Covid-19 outbreak, the company said, sharply down from the 2021 event’s growth of 27.7 percent.
China’s JD.com Posts Slowest Growth Ever in ‘618’ Shopping Event
Total sales by China’s e-commerce giant JD.com rose 10.3 percent over the 18 days to Sunday during the first major shopping festival since a recent Covid-19 outbreak, the company said, sharply down from the 2021 event’s growth of 27.7 percent.
Sports
Gap Inc. and Athleta Invest $1 Million in Footwear and Apparel Start-up Saysh
The San Francisco-based apparel retailer invested in the label which was founded in June 2021 by the American Olympic sprinter Allyson Felix and her brother Wes Felix.
Gap Inc. and Athleta Invest $1 Million in Footwear and Apparel Start-up Saysh
The San Francisco-based apparel retailer invested in the label which was founded in June 2021 by the American Olympic sprinter Allyson Felix and her brother Wes Felix.
Sports
The Hunt for Activewear’s Next Big Category
Luxury brands and startups are making apparel for fast-growing sports like pickleball, rugby, skiing and boxing.
The Hunt for Activewear’s Next Big Category
Luxury brands and startups are making apparel for fast-growing sports like pickleball, rugby, skiing and boxing.
Technology
Where Fashion-Tech Investors Are Putting Their Money
Capital is flowing into technologies that make fashion commerce more nimble, more sustainable and more engaging to shoppers — and, of course, the metaverse.
Where Fashion-Tech Investors Are Putting Their Money
Capital is flowing into technologies that make fashion commerce more nimble, more sustainable and more engaging to shoppers — and, of course, the metaverse.
Retail
Russia’s Wildberries Selling Zara Clothes Online Despite Inditex Halting Operations
Other Inditex brands, Massimo Dutti and Pull&Bear, were also available on Wildberries, which said it would continue offering such goods to Russian consumers.
Russia’s Wildberries Selling Zara Clothes Online Despite Inditex Halting Operations
Other Inditex brands, Massimo Dutti and Pull&Bear, were also available on Wildberries, which said it would continue offering such goods to Russian consumers.
Financial Markets
Fashion’s Top M&A Targets
The market may be cooling, but a number of in-demand brands remain of interest to financial backers. BoF identifies the top targets.
Fashion’s Top M&A Targets
The market may be cooling, but a number of in-demand brands remain of interest to financial backers. BoF identifies the top targets.
Media
Zalando Buys Highsnobiety
The German fashion e-tailer has taken a majority stake in the high-end streetwear platform in a bet on the combined power of content and commerce.
Zalando Buys Highsnobiety
The German fashion e-tailer has taken a majority stake in the high-end streetwear platform in a bet on the combined power of content and commerce.
Retail
How to Take a Brand From Local to Global
For most of its first two decades, Farm Rio was little known outside its native Brazil. But since entering the US in 2019, the dressmaker has made a splash in contemporary womenswear, with sales reaching $50 million in its new market last year. Next up: Europe.
How to Take a Brand From Local to Global
For most of its first two decades, Farm Rio was little known outside its native Brazil. But since entering the US in 2019, the dressmaker has made a splash in contemporary womenswear, with sales reaching $50 million in its new market last year. Next up: Europe.
Retail
Stitch Fix to Cut Workforce by 15% of Salaried Roles
Stitch Fix Inc. said on Thursday it is reducing its workforce by around 15 percent of salaried positions, as the online personalised styling service firm aims to return to profitability.
Stitch Fix to Cut Workforce by 15% of Salaried Roles
Stitch Fix Inc. said on Thursday it is reducing its workforce by around 15 percent of salaried positions, as the online personalised styling service firm aims to return to profitability.
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.