Frasers Group’s Mike Ashley Tightens Hold On Hugo Boss
The group increased its stake in the luxury brand to 48 percent, less than a week after its acquisition of department store chain Harvey Nichols.
e-commerce
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.
China
Shein-Like Site Linked to TikTok Owner ByteDance Shuts Down
The fast fashion e-commerce site that was last week linked to ByteDance in Chinese media reports has posted a notice on its homepage alerting shoppers that it ceased operations on Feb.11.
Shein-Like Site Linked to TikTok Owner ByteDance Shuts Down
The fast fashion e-commerce site that was last week linked to ByteDance in Chinese media reports has posted a notice on its homepage alerting shoppers that it ceased operations on Feb.11.
Retail
Fast-Fashion Giant Shein Plans $2.3 Billion Supply Chain Hub
The Chinese fast-fashion retailer plans to invest 15 billion yuan ($2.3 billion) to build a global supply chain centre in Guangzhou.
Fast-Fashion Giant Shein Plans $2.3 Billion Supply Chain Hub
The Chinese fast-fashion retailer plans to invest 15 billion yuan ($2.3 billion) to build a global supply chain centre in Guangzhou.
Global Markets
Thailand’s Central Retail to Spend $3 Billion on Store Network Expansion
The listed retail subsidiary of Central Group was light on detail of how the funds would be spent, beyond store network expansion, refurbishments and new technology.
Thailand’s Central Retail to Spend $3 Billion on Store Network Expansion
The listed retail subsidiary of Central Group was light on detail of how the funds would be spent, beyond store network expansion, refurbishments and new technology.
Luxury
Facebook, Instagram Are Hot Spots for Fake Louis Vuitton, Gucci and Chanel
The Meta-owned social media sites have become key marketplaces for counterfeit luxury goods.
Facebook, Instagram Are Hot Spots for Fake Louis Vuitton, Gucci and Chanel
The Meta-owned social media sites have become key marketplaces for counterfeit luxury goods.
Retail
Why Fashion Still Hasn’t Cracked Rental
The recent shuttering of rental start-up Seasons highlights how logistics costs and uncertain cash flow have dimmed the prospects of a once-hot retail concept.
Why Fashion Still Hasn’t Cracked Rental
The recent shuttering of rental start-up Seasons highlights how logistics costs and uncertain cash flow have dimmed the prospects of a once-hot retail concept.
Global Markets
Russian E-Commerce Giant Wildberries Sees Turnover Increase 93% in 2021
The e-tailer reported turnover of 844 billion roubles ($11 billion) for the year.
Russian E-Commerce Giant Wildberries Sees Turnover Increase 93% in 2021
The e-tailer reported turnover of 844 billion roubles ($11 billion) for the year.
China
Australian Luxury E-Tailer Cettire to Enter China Following JD.com Deal
The luxury fashion platform said in a filing to the Australian Stock Exchange that it has inked a deal to enter mainland China in partnership with e-commerce giant JD.com.
Australian Luxury E-Tailer Cettire to Enter China Following JD.com Deal
The luxury fashion platform said in a filing to the Australian Stock Exchange that it has inked a deal to enter mainland China in partnership with e-commerce giant JD.com.
Global Markets
Russian Retailer OR Group Defaults on $7 Million Bond Repayment
The shoe retailer and e-commerce marketplace owner has defaulted on bonds valued at 592 million roubles ($7.7 million).
Russian Retailer OR Group Defaults on $7 Million Bond Repayment
The shoe retailer and e-commerce marketplace owner has defaulted on bonds valued at 592 million roubles ($7.7 million).
Technology
Amazon Surges With Record $190 Billion Gain in Value
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a US company, Amazon logged the greatest ever one-day increase in value.
Amazon Surges With Record $190 Billion Gain in Value
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a US company, Amazon logged the greatest ever one-day increase in value.
Workplace & Talent
A Guide to Fashion’s New C-Suite
The executive ranks at big brands increasingly include once-unknown job titles, reflecting an industry-wide shift in focus to improve its record on areas such as diversity, sustainability and logistics.
A Guide to Fashion’s New C-Suite
The executive ranks at big brands increasingly include once-unknown job titles, reflecting an industry-wide shift in focus to improve its record on areas such as diversity, sustainability and logistics.
Retail
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
The News in Brief
Russian E-Tailer Wildberries Hit by Wave of Ukrainian Drone Strikes
The e-commerce giant has seen at least 20 warehouses attacked since mid-July as Kyiv steps up strikes inside Russia and Moscow intensifies its bombardment of Ukraine, more than four years into its full-scale invasion.
France’s Top Court Blocks Social Media Ban for Under-15s
France’s top court on Friday blocked a bill banning social media access for under-15s, saying it infringed upon freedom of expression.
US, Canada Still See Sticking Points Before Deadline for 50% Tariffs
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.
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.
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.