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
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.
Technology
The Technologies Reinventing Physical Retail
In-store mobile apps and micro-fulfilment tech can address consumer pain points and enable companies to incorporate their physical retail networks into omnichannel shopping journeys.
The Technologies Reinventing Physical Retail
In-store mobile apps and micro-fulfilment tech can address consumer pain points and enable companies to incorporate their physical retail networks into omnichannel shopping journeys.
Retail
A Better Approach to ‘Buy Now, Pay Later’
Concerns are growing that the boom in short-term financing that has fuelled apparel sales is saddling a growing number of vulnerable shoppers with debt they can’t pay. But the concept can still benefit brands, lenders and consumers, with a few key changes.
A Better Approach to ‘Buy Now, Pay Later’
Concerns are growing that the boom in short-term financing that has fuelled apparel sales is saddling a growing number of vulnerable shoppers with debt they can’t pay. But the concept can still benefit brands, lenders and consumers, with a few key changes.
Sustainability
Are Mass Market Fashion Companies Really the Worst on Sustainability?
Levi Strauss and H&M Group rank among the top five companies in The BoF Sustainability Index 2022, but the high street segment also contains the annual assessment’s lowest-scoring company with no points at all.
Are Mass Market Fashion Companies Really the Worst on Sustainability?
Levi Strauss and H&M Group rank among the top five companies in The BoF Sustainability Index 2022, but the high street segment also contains the annual assessment’s lowest-scoring company with no points at all.
China
ByteDance Said to Weigh Sale of Stake in Sneaker Reseller Poizon
The TikTok owner has engaged in talks about a sale of a low single-digit percentage-point stake, and would prefer to sell to an existing investor.
ByteDance Said to Weigh Sale of Stake in Sneaker Reseller Poizon
The TikTok owner has engaged in talks about a sale of a low single-digit percentage-point stake, and would prefer to sell to an existing investor.
Retail
Apple Launches Buy-Now, Pay-Later Service
The ‘Apple Pay Later’ function will be an addition to the tech giant’s current Apple Pay offering and will be rolled out as part of its upcoming iOS 16 update.
Apple Launches Buy-Now, Pay-Later Service
The ‘Apple Pay Later’ function will be an addition to the tech giant’s current Apple Pay offering and will be rolled out as part of its upcoming iOS 16 update.
Marketing
How to Sell Clothes During a Supply Chain Crisis
As fashion continues to deal with late deliveries and inventory issues, brands must consider how to make products relevant once they arrive — without going straight to discounting.
How to Sell Clothes During a Supply Chain Crisis
As fashion continues to deal with late deliveries and inventory issues, brands must consider how to make products relevant once they arrive — without going straight to discounting.
Technology
Amazon Consumer Chief Exits as CEO Hints at More Change
Amazon.com Inc. consumer chief Dave Clark is resigning, a possible casualty of a slowdown at the crucial e-commerce business he ran.
Amazon Consumer Chief Exits as CEO Hints at More Change
Amazon.com Inc. consumer chief Dave Clark is resigning, a possible casualty of a slowdown at the crucial e-commerce business he ran.
Retail
Why Missguided Is a Cautionary Tale — and Not Just for Fast Fashion
Missguided, which went into administration and was bought in a fire sale this week, never quite established a unique style or signature product category that would differentiate it from bigger rivals like Boohoo, Asos or H&M.
Why Missguided Is a Cautionary Tale — and Not Just for Fast Fashion
Missguided, which went into administration and was bought in a fire sale this week, never quite established a unique style or signature product category that would differentiate it from bigger rivals like Boohoo, Asos or H&M.
Retail
Pinterest to Acquire The Yes
Retailer veteran Julie Bornstein founded The Yes in 2018 after stints at Stitch Fix, Sephora and Nordstrom.
Pinterest to Acquire The Yes
Retailer veteran Julie Bornstein founded The Yes in 2018 after stints at Stitch Fix, Sephora and Nordstrom.
Retail
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Can Levi’s Be More Than a Denim Brand?
The American retailer wants to reach $10 billion in sales by 2027, with plans to open more stores, expand into new categories and potentially buy other fashion companies.
Technology
The Opportunity in Hyper-Personalising Shopping
Big Data and AI can power one-to-one experiences that build long-term loyalty.
The Opportunity in Hyper-Personalising Shopping
Big Data and AI can power one-to-one experiences that build long-term loyalty.
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.