Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
fast-fashion
Retail
Op-Ed | How Small Will Beat Big and Save the Fashion Industry
The status quo spells certain death for design-driven brands unless they tap new technologies and Economies of Small, argues Lawrence Lenihan.
Op-Ed | How Small Will Beat Big and Save the Fashion Industry
The status quo spells certain death for design-driven brands unless they tap new technologies and Economies of Small, argues Lawrence Lenihan.
Retail
H&M Misses Forecasts As Fast Fashion Pressure Builds
After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year as pressure in the fast fashion market builds from its budget rivals and new online players.
H&M Misses Forecasts As Fast Fashion Pressure Builds
After decades of strong growth, H&M has repeatedly missed sales forecasts over the past year as pressure in the fast fashion market builds from its budget rivals and new online players.
Retail
Inditex Posts 18 Percent Rise in First-Quarter Profit
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said on Wednesday that net profit rose to €654 million while earnings reached €1.1 billion.
Inditex Posts 18 Percent Rise in First-Quarter Profit
Inditex, the world's biggest clothing retailer and owner of the Zara brand, said on Wednesday that net profit rose to €654 million while earnings reached €1.1 billion.
News & Analysis
Boohoo.com Taps Investors to Help Fund Growth as Sales Boom
Boohoo raised £50 million in a share placement to help fund the construction of a new warehouse as it reported booming quarterly sales and raised its annual forecast.
Boohoo.com Taps Investors to Help Fund Growth as Sales Boom
Boohoo raised £50 million in a share placement to help fund the construction of a new warehouse as it reported booming quarterly sales and raised its annual forecast.
News & Analysis
Op-Ed | As Shoppers Look Elsewhere, Topshop Needs Philip Green's Cash
Topshop has been quick to embrace social media and other technologies to engage with consumers. But it needs to do more. Asos and Boohoo aren't standing still.
Op-Ed | As Shoppers Look Elsewhere, Topshop Needs Philip Green's Cash
Topshop has been quick to embrace social media and other technologies to engage with consumers. But it needs to do more. Asos and Boohoo aren't standing still.
Retail
Arcadia's Profit Slides, Capping Dire Year for Philip Green
Adjusted operating profit at Green’s Arcadia Group fell 16.5 percent to £211.2 million in the year ended August 27, accounts filed at Companies House show.
Arcadia's Profit Slides, Capping Dire Year for Philip Green
Adjusted operating profit at Green’s Arcadia Group fell 16.5 percent to £211.2 million in the year ended August 27, accounts filed at Companies House show.
News & Analysis
New Look Struggles With Shoppers' 'Buy Now, Wear Now' Mentality
New Look, which operates 872 stores selling fashion for women and teenage girls, joins other UK apparel sellers such as Next and Marks & Spencer in the retail doldrums.
New Look Struggles With Shoppers' 'Buy Now, Wear Now' Mentality
New Look, which operates 872 stores selling fashion for women and teenage girls, joins other UK apparel sellers such as Next and Marks & Spencer in the retail doldrums.
News & Analysis
Can Nasty Gal Be Saved?
Fastest-fashion player Boohoo is doubling down on its effort to bring Nasty Gal back from the brink after acquiring the troubled brand’s intellectual property for a song in February. But is it too late for a turnaround?
Can Nasty Gal Be Saved?
Fastest-fashion player Boohoo is doubling down on its effort to bring Nasty Gal back from the brink after acquiring the troubled brand’s intellectual property for a song in February. But is it too late for a turnaround?
News & Analysis
Topshop Australia Enters Voluntary Administration
The move, just six years after Topshop launched in Australia, reflects the tough trading conditions facing the country's bricks-and-mortar retailers.
Topshop Australia Enters Voluntary Administration
The move, just six years after Topshop launched in Australia, reflects the tough trading conditions facing the country's bricks-and-mortar retailers.
News & Analysis
Boohoo Sees Profits Double, Raises Revenue Forecasts
Boohoo reported a doubling in annual profit, driven by growth in new customers, and said revenue should rise by about 50 percent in 2017-18 as it benefits from recent acquisitions.
Boohoo Sees Profits Double, Raises Revenue Forecasts
Boohoo reported a doubling in annual profit, driven by growth in new customers, and said revenue should rise by about 50 percent in 2017-18 as it benefits from recent acquisitions.
Financial Markets
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
Uniqlo Parent Fast Retailing's Profit Increases Amid Global Expansion
The results show cost cuts by chairman Tadashi Yanai are allowing the retailer to push margins up amid sluggish demand that caused sales to drop in two of three months last quarter.
News & Analysis
India's Flipkart Raises $1.4 billion in Biggest Ever Funding Round
The news comes amid strong but unconfirmed speculation that Flipkart is looking at a potential takeover of smaller rival Snapdeal.
India's Flipkart Raises $1.4 billion in Biggest Ever Funding Round
The news comes amid strong but unconfirmed speculation that Flipkart is looking at a potential takeover of smaller rival Snapdeal.
The News in Brief
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.