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.
financial-results
Luxury
Moncler Promises More Growth After Jump in 2018 Sales
The luxury outerwear brand reported a 19 percent increase in sales last year.
Moncler Promises More Growth After Jump in 2018 Sales
The luxury outerwear brand reported a 19 percent increase in sales last year.
China
JD.com Posts 22 Percent Rise in Quarterly Revenue
China's second largest e-commerce firm beat analyst estimates on the back of stronger online retail sales, posting 134.83 billion yuan ($20.17 billion) total net revenue in fourth quarter.
JD.com Posts 22 Percent Rise in Quarterly Revenue
China's second largest e-commerce firm beat analyst estimates on the back of stronger online retail sales, posting 134.83 billion yuan ($20.17 billion) total net revenue in fourth quarter.
News & Analysis
Zalando Sees Solid Growth After Strong End to 2018
Europe's biggest online-only fashion retailer expects solid sales this year after posting better-than-estimated figures for the end of 2018 and gaining traction among 1.3 million new customers.
Zalando Sees Solid Growth After Strong End to 2018
Europe's biggest online-only fashion retailer expects solid sales this year after posting better-than-estimated figures for the end of 2018 and gaining traction among 1.3 million new customers.
Retail
J.C. Penney Pulls Plug on Clothing Subscription Service
The subscription service, introduced in December 2017 in partnership with Bombfell, works in a similar way to Stitch Fix.
J.C. Penney Pulls Plug on Clothing Subscription Service
The subscription service, introduced in December 2017 in partnership with Bombfell, works in a similar way to Stitch Fix.
Financial Markets
Etsy Surges to Record High as Analysts Cheer Growth Outlook
The online seller of handcrafted and vintage items surpassed fourth-quarter sales expectations, sending shares to their highest level since the company’s 2015 IPO.
Etsy Surges to Record High as Analysts Cheer Growth Outlook
The online seller of handcrafted and vintage items surpassed fourth-quarter sales expectations, sending shares to their highest level since the company’s 2015 IPO.
China
Fashion Group Esprit Says First-Half Loss Widens on Brand Weakness
The Europe-focused clothing retailer reported a net loss of $2.25 million and revenue slid $1.62 million amid changes in consumer behaviour, price competition and reduced customer traffic.
Fashion Group Esprit Says First-Half Loss Widens on Brand Weakness
The Europe-focused clothing retailer reported a net loss of $2.25 million and revenue slid $1.62 million amid changes in consumer behaviour, price competition and reduced customer traffic.
Financial Markets
Remembering Lagerfeld and Lanvin's Next Chapter at Paris Fashion Week
This week, everyone will be talking about Paris Fashion Week, the Oscars and the future of red carpet dressing and a wave of earnings reports from troubled retailers. Read our BoF Professional Cheat Sheet.
Remembering Lagerfeld and Lanvin's Next Chapter at Paris Fashion Week
This week, everyone will be talking about Paris Fashion Week, the Oscars and the future of red carpet dressing and a wave of earnings reports from troubled retailers. Read our BoF Professional Cheat Sheet.
Financial Markets
China's Fosun Makes Bid for German Fashion Chain Tom Tailor
The Chinese conglomerate is further expanding its reach into Europe's fashion sector with a bid for struggling struggling clothing retailer Tom Tailor.
China's Fosun Makes Bid for German Fashion Chain Tom Tailor
The Chinese conglomerate is further expanding its reach into Europe's fashion sector with a bid for struggling struggling clothing retailer Tom Tailor.
Financial Markets
Footasylum Shares up 59 Percent After JD Sports Takes Stake
Shares rose 58.6 percent after British retailer JD Sports said it had acquired an 8.3 percent stake.
Footasylum Shares up 59 Percent After JD Sports Takes Stake
Shares rose 58.6 percent after British retailer JD Sports said it had acquired an 8.3 percent stake.
Financial Markets
Canada Goose Boosts Outlook After Quarter Results Beat Estimates
The company boosted its forecast for the year after sales climbed a better-than-expected 50 percent to $301 million, showing flagship stores and online lured in more shoppers for its premium winter clothing.
Canada Goose Boosts Outlook After Quarter Results Beat Estimates
The company boosted its forecast for the year after sales climbed a better-than-expected 50 percent to $301 million, showing flagship stores and online lured in more shoppers for its premium winter clothing.
Retail
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
Financial Markets
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
Kering's Gucci Joins Peers in Defying China Fears
Momentum at powerhouse Gucci slowed slightly but still outperformed most other fashion brands. Kering's comparable sales rose a higher-than-expected 24.2 percent.
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.