Asos Customers Receive ‘Hack’ Notification Threatening Leak
Asos is investigating after users of its mobile app received a notification claiming hackers had ‘fully compromised’ the online fashion retailer’s data.
earnings
Retail
Old Navy, Athleta Power Gap Sales Forecast, Shares Jump
Gap Inc on Thursday raised its full-year net sales forecast for the second time, betting on hot demand for its Old Navy and Athleta clothing brands
Retail
Nordstrom Raises Revenue Forecast as Customers Return to Stores
Nordstrom Inc raised its fiscal 2021 revenue forecast on Tuesday, as Americans buy more apparel and footwear at its stores following the easing of
Retail
Pandora Jewellery Sales Top Pre-Pandemic Levels as US Shoppers Splash Out
Danish jewellery maker Pandora said on Tuesday that a strong performance in the United States spurred rapid sales growth in the second quarter but
Beauty
Avon, E-Commerce Bring Natura Back to Profit
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
Retail
Amazon Forecast Misses Estimates as Pandemic Online Bump Fades
Amazon.com Inc.’s second-quarter sales and forecast for the current period fell short of analysts’ expectations, suggesting the biggest online retailer’s rapid growth through the pandemic is waning as people revert to old shopping habits. Shares fell more than 6 percent in extended trading.
Retail
H&M CEO Helena Helmersson’s Challenging Year
The executive’s first 14 months running the fast fashion giant were marked by the pandemic. Now her company’s at the centre of a backlash in China against retailers who criticise human rights abuses in the cotton-producing Xinjiang region.
Technology
Amazon’s Jeff Bezos to Step Down as CEO
Amazon.com Inc. forecast first-quarter sales that topped analysts’ estimates, signaling the internet shopping boom will continue after fueling the company’s first $100 billion quarter during the holidays.
Luxury
‘Unstoppable’ Luxury Stocks Remind Some Investors of US Tech
LVMH, Hermès and Kering stocks have all reached record highs in the past two months, leading to comparisons with US technology behemoths. But some analysts see reason for caution.
Retail
Adidas Warns That Worsening Pandemic Will Weigh on Earnings
The German sportswear company's revenue is no longer on track for growth in the fourth quarter, predicting a single-digit percentage decline.
Retail
For Japanese Shoppers, Uniqlo Is a Feel-Good Commodity
The Japanese brand has attained some cultural cachet, but its most powerful asset remains its neutrality.
The News in Brief
L’Oréal Explores Unloading Chemical-Related Liabilities
The French company has engaged restructuring advisers to explore options for rising US legal liabilities linked to its use of talc and other chemical ingredients in some of its cosmetic products, the Wall Street Journal reported on Monday.
Indian Fast-Fashion Retailer Trent Jumps on Strong Sales Growth
Shares in the Tata Group-owned business rose nearly 11 percent on Tuesday as the success of a rapid store expansion project boosted confidence in the company’s growth outlook.
Naomi Campbell Wins Appeal Against Charity Trustee Ban
A London tribunal ruled that the misuse of funds at the charity the supermodel founded had been concealed from her.
Dutch Eyewear Chain Hans Anders Halts Sale of Meta Glasses, Citing Privacy Concerns
A growing Dutch outcry over the glasses mirrors a broader backlash against smart glasses equipped with cameras.
Harper’s Bazaar to Launch Philippine Edition
Hearst Magazines International is partnering with Philippine media group AGC Power Holdings to launch the fashion title in November 2027.
Sycamore Said to Near Deal to Sell Boots
The private equity firm is nearing a deal, valued at $9 billion, to sell the UK health and beauty retail business to the Canadian branch of the billionaire Weston family, a source told Bloomberg.
Pandora Opens World’s Largest Jewellery Factory in Vietnam
The $150 million plant is the Danish jewellers first outside of Thailand, part of a bid to diversify its manufacturing footprint and boost supply-chain resilience.