Another Lululemon Executive Exits Ahead of Incoming CEO
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.
e-commerce
Global Markets
Amorepacific Closing Etude House Stores in Singapore and Hera Stores in China
The South Korean beauty conglomerate has closed the last brick-and-mortar outlet of its Hera brand in China this week, and will close its WeChat mini-programme in mid-March.
Amorepacific Closing Etude House Stores in Singapore and Hera Stores in China
The South Korean beauty conglomerate has closed the last brick-and-mortar outlet of its Hera brand in China this week, and will close its WeChat mini-programme in mid-March.
Luxury
Farfetch’s Next Moves
On the heels of its first profitable year, the luxury platform is continuing on with a multi-pronged strategy to gain more market share, from a potential YNAP deal to a hundred-million-plus opportunity with Reebok.
Farfetch’s Next Moves
On the heels of its first profitable year, the luxury platform is continuing on with a multi-pronged strategy to gain more market share, from a potential YNAP deal to a hundred-million-plus opportunity with Reebok.
China
Alibaba Reports Slowest Quarterly Revenue Growth, Misses Expectations
China’s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014.
Alibaba Reports Slowest Quarterly Revenue Growth, Misses Expectations
China’s Alibaba Group Holding Ltd on Thursday reported its slowest-ever increase in quarterly revenue since going public in 2014.
Retail
Allbirds Quarterly Revenue Rises 23%
Allbirds topped market estimates for quarterly revenue thanks to robust demand for its eco-friendly shoes from younger shoppers who are more focused on sustainability.
Allbirds Quarterly Revenue Rises 23%
Allbirds topped market estimates for quarterly revenue thanks to robust demand for its eco-friendly shoes from younger shoppers who are more focused on sustainability.
Retail
At Revolve’s First Store, Anyone Can Be an Influencer
The fashion giant, known for its influencer trips and events, is opening a social club in LA that will be open to the general public.
At Revolve’s First Store, Anyone Can Be an Influencer
The fashion giant, known for its influencer trips and events, is opening a social club in LA that will be open to the general public.
Retail
Authentic Brands Group Inks Partnership with New Guards Group for Reebok’s Operations in Europe
The long-term partnership names New Guards Group the core operating partner for Reebok’s retail, e-commerce and wholesale channels in Europe.
Authentic Brands Group Inks Partnership with New Guards Group for Reebok’s Operations in Europe
The long-term partnership names New Guards Group the core operating partner for Reebok’s retail, e-commerce and wholesale channels in Europe.
Global Markets
Alibaba Halts Talks to Raise $1 Billion Before Lazada IPO
Alibaba Group discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation.
Alibaba Halts Talks to Raise $1 Billion Before Lazada IPO
Alibaba Group discussed raising at least $1 billion for Lazada before calling off negotiations with potential investors when talks bogged down over the Southeast Asian online mall’s valuation.
Retail
The TikTok Thrifters Opening Physical Stores
Sellers are capitalising on the boom of ‘90s and early ‘00s vintage.
The TikTok Thrifters Opening Physical Stores
Sellers are capitalising on the boom of ‘90s and early ‘00s vintage.
China
How to Make China’s ‘Friendliest’ Social Media Platform Pay Off
Fashion brands want to replicate the success of beauty players on Xiaohongshu but many use the wrong tone and content for the down-to-earth platform.
How to Make China’s ‘Friendliest’ Social Media Platform Pay Off
Fashion brands want to replicate the success of beauty players on Xiaohongshu but many use the wrong tone and content for the down-to-earth platform.
Retail
Macy’s Says No to E-Commerce Spinoff on the Heels of Strong Earnings
The department store forecasts better-than-expected annual sales after a bumper holiday season.
Macy’s Says No to E-Commerce Spinoff on the Heels of Strong Earnings
The department store forecasts better-than-expected annual sales after a bumper holiday season.
Fashion Week
Milan Fashion Week Is Back to Its Pre-Pandemic Glory. What’s Changed?
This week, everyone will be talking about a packed schedule in Milan, Farfetch’s results and its ongoing talks with Richemont, plus the OECD’s annual forum on responsible supply chains.
Milan Fashion Week Is Back to Its Pre-Pandemic Glory. What’s Changed?
This week, everyone will be talking about a packed schedule in Milan, Farfetch’s results and its ongoing talks with Richemont, plus the OECD’s annual forum on responsible supply chains.
China
Alibaba’s Koala Haigou Launches Luxury Channel
The cross-border e-commerce platform owned by Chinese tech giant Alibaba has launched a luxury channel offering more than 10,000 products from more than 200 brands.
Alibaba’s Koala Haigou Launches Luxury Channel
The cross-border e-commerce platform owned by Chinese tech giant Alibaba has launched a luxury channel offering more than 10,000 products from more than 200 brands.
The News in Brief
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.
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.