CFDA’s Steven Kolb Involved in Altercation with PETA Protestors
The trade body’s president physically restrained animal rights activists after they stormed a Cos runway show at New York Fashion Week.
Fast Fashion
Latest News & Analysis
Retail
T.J. Maxx Parent Raises Profit View as Cost Pressures Ease
TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items.
T.J. Maxx Parent Raises Profit View as Cost Pressures Ease
TJX Companies Inc. lifted its annual profit forecast on Wednesday, banking on easing cost pressures to cushion a pullback in consumer spending on discretionary items.
Retail
Boohoo Profit Halves as Shoppers Face Squeeze
Boohoo said on Tuesday it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its key profit measure, of £63.3 million ($79.9 million) in the year to Feb. 28, slightly ahead of analysts’ consensus forecast of £62.1 million but down from the £125.1 million made in 2021-22.
Boohoo Profit Halves as Shoppers Face Squeeze
Boohoo said on Tuesday it made adjusted earnings before interest, tax, depreciation and amortisation (EBITDA), its key profit measure, of £63.3 million ($79.9 million) in the year to Feb. 28, slightly ahead of analysts’ consensus forecast of £62.1 million but down from the £125.1 million made in 2021-22.
Technology
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Amazon Plans to Add ChatGPT-Style Search to Its Online Store
Amazon Inc. plans to bring ChatGPT-style product search to its web store, rivalling efforts by Microsoft Corp. and Google to weave generative artificial intelligence into their search engines.
Retail
Fast Retailing’s Uniqlo to Add Stores in North America
Fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent, according to one of its executives.
Fast Retailing’s Uniqlo to Add Stores in North America
Fast Retailing’s Uniqlo plans to expand its existing stores in North America by 10 percent, according to one of its executives.
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Retail
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
Retail
Start-Up E-Commerce Platform Temu Expands to Europe
Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to European markets, including France, Germany, Italy, The Netherlands, Spain and the United Kingdom.
Start-Up E-Commerce Platform Temu Expands to Europe
Ultra-low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to European markets, including France, Germany, Italy, The Netherlands, Spain and the United Kingdom.
Retail
Uniqlo’s $20 Shoulder Bag Tops Lyst Index of Fashion’s Hottest Products
It comes after the bag went viral on TikTok, generating 59 million views on platform.
Uniqlo’s $20 Shoulder Bag Tops Lyst Index of Fashion’s Hottest Products
It comes after the bag went viral on TikTok, generating 59 million views on platform.
Retail
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
Nordstrom, Dillard’s Garment Suppliers in Violation of Wage Laws in California
Southern California’s garment factories are facing scrutiny for underpaying workers who make clothing for some of the nation’s top retailers, including Nordstrom Inc. and Dillard’s Inc.
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Retail
Target Announces Spring Designer Collaborations
Target has tapped Agua Bendita, a Colombian label known for its bold floral prints, Fe Noel, a Brooklyn-born brand with Grenadian roots, and Los Angeles-based Rhode, which is synonymous with printed dresses, as its latest designer collaboration partners.
Target Announces Spring Designer Collaborations
Target has tapped Agua Bendita, a Colombian label known for its bold floral prints, Fe Noel, a Brooklyn-born brand with Grenadian roots, and Los Angeles-based Rhode, which is synonymous with printed dresses, as its latest designer collaboration partners.
Technology
Google Suspends Pinduoduo After Finding Malware in Versions
Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers.
Google Suspends Pinduoduo After Finding Malware in Versions
Google has suspended PDD Holdings Inc.’s main Chinese shopping app Pinduoduo after discovering malware in unsanctioned versions of the software, dealing a blow to one of the country’s biggest online retailers.
Sustainability
H&M Expands Resale Platform to the US
H&M is collaborating with ThredUp, an online consignment platform, to launch its resale platform H&M Pre-loved.
H&M Expands Resale Platform to the US
H&M is collaborating with ThredUp, an online consignment platform, to launch its resale platform H&M Pre-loved.
Retail
Report: Shein Set to Raise $2 Billion, Eyes Us IPO Later This Year
UAE’s sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia Capital China, said two of the people and a separate person with knowledge of the matter.
Report: Shein Set to Raise $2 Billion, Eyes Us IPO Later This Year
UAE’s sovereign wealth fund Mubadala is a major investor in this round as are existing investors, private equity firm General Atlantic (GA) and venture capital group Sequoia Capital China, said two of the people and a separate person with knowledge of the matter.
The News in Brief
GQ Philippines Names Danyl Geneciran Editor in Chief
The former Vogue Man Philippines editor will helm GQ’s 23rd international title, whose debut issue features covers starring Darren Criss, Jordan Clarkson and Erwan Heussaff.
Human Made Discloses $3.6 Million Undercover Purchase Price and Long-Term Financial Targets
The Tokyo-listed company will pay $3.6 million in cash for 100 percent of Undercover, with founder Jun Takahashi relinquishing corporate duties to focus solely on design.
Arizona Accuses L’Oréal of Concealing Cancer Risks Linked to Hair Relaxers
The beauty conglomerate faces over 12,000 similar lawsuits filed by individuals that have been consolidated in a Chicago federal court.
Space NK Names New CEO, Andy Lightfoot Steps Down
Chief marketing officer Emma Simpson-Scott will succeed Lightfoot, who is leaving the UK retailer after seven years at the helm.
EssilorLuxottica Managers Defend CEO After Heir Lashes Out
Twenty top lieutenants to CEO Francesco Milleri came to their boss’s defense in an escalating feud with Leonardo Maria Del Vecchio, a son of the founder who abruptly left a senior role at the company.
Zara Owner Looks to US for Next Phase of Growth
Inditex is investing in the US as a key growth market, CEO Oscar Garcia Maceiras told Reuters, with store revamps and new openings planned across its Zara, Massimo Dutti and Bershka brands.
Activist Investor Takes New Stake in Bath & Body Works
The activist investor is recommending the personal-care and fragrance store chain to explore a sale, claiming it has been undervalued and hampered by unstable management.