As consumption bounced back last year, the retailer reported net income of $772 million for the year, compared to only $30.7 million in a pandemic-hit 2020.
As consumption bounced back last year, the retailer reported net income of $772 million for the year, compared to only $30.7 million in a pandemic-hit 2020.
American Eagle Outfitters Inc said it expects its earnings to decline in the first half of 2022, as benefits from the federal stimulus fade and freight expenses surge, sending the apparel chain’s shares down 10 percent in extended trading.
American Eagle Outfitters Inc said it expects its earnings to decline in the first half of 2022, as benefits from the federal stimulus fade and freight expenses surge, sending the apparel chain’s shares down 10 percent in extended trading.
One of many fast fashion players from China trying to use the Shein playbook to chip away at Boohoo and Fashion Nova is a new brand from e-commerce giant Alibaba.
One of many fast fashion players from China trying to use the Shein playbook to chip away at Boohoo and Fashion Nova is a new brand from e-commerce giant Alibaba.
Read the latest BoF Insights report to get BoF’s perspective on the state of the fashion industry’s supply chain model, plus data-driven guidance on how companies can strengthen their supply chains in the face of pandemic and geopolitical challenges.
Read the latest BoF Insights report to get BoF’s perspective on the state of the fashion industry’s supply chain model, plus data-driven guidance on how companies can strengthen their supply chains in the face of pandemic and geopolitical challenges.
The latest news on fashion’s response to the war in Ukraine.
The latest news on fashion’s response to the war in Ukraine.
The Berlin-based company signalled revenue may miss analysts’ estimates for 2022, predicting sales of €11.6 billion to €12.3 billion ($13.8 billion). Analysts had been expecting €12.2 billion.
The Berlin-based company signalled revenue may miss analysts’ estimates for 2022, predicting sales of €11.6 billion to €12.3 billion ($13.8 billion). Analysts had been expecting €12.2 billion.
The investment round was led by Andrew Hagger, the high-profile chief executive of Australian investment group Tattarang, which also owns RM Williams.
The investment round was led by Andrew Hagger, the high-profile chief executive of Australian investment group Tattarang, which also owns RM Williams.
Sea Ltd.’s Shopee is pulling out of France, retreating from a major market just months after launching its maiden foray into Europe.
Sea Ltd.’s Shopee is pulling out of France, retreating from a major market just months after launching its maiden foray into Europe.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
The maker of Kotex and Kleenex had initially invested $25 million in Thinx in 2019.
The maker of Kotex and Kleenex had initially invested $25 million in Thinx in 2019.
Latin America’s largest e-commerce platform, Mercado Libre will invest $1.47 billion to grow its Mexican operations for key categories including apparel.
Latin America’s largest e-commerce platform, Mercado Libre will invest $1.47 billion to grow its Mexican operations for key categories including apparel.
Chinese fashion retailer Shein’s plan to list in the United States has been put on hold due to volatile capital markets amid Russia’s attack on Ukraine, said two sources with direct knowledge of the matter.
Chinese fashion retailer Shein’s plan to list in the United States has been put on hold due to volatile capital markets amid Russia’s attack on Ukraine, said two sources with direct knowledge of the matter.
Canadian and US negotiators are working against an Aug. 19 deadline to avert 50 percent tariffs on Canadian goods. While discussions remain constructive, significant work is still required to resolve key trade disputes.
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.
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.
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
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.
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
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.
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.