Reformation Valued at $886 Million in NYSE Debut
The Permira-backed womenswear retailer and some of its shareholders had raised $211 million in its IPO on Wednesday, with shares opening at $15 apiece.
regulation
Retail
Amazon Antitrust Case Filed by FTC to Move Forward After Ruling
The FTC’s case against Amazon for allegedly stifling online retail competition will proceed, despite the dismissal of claims from several states involved in the lawsuit.
Amazon Antitrust Case Filed by FTC to Move Forward After Ruling
The FTC’s case against Amazon for allegedly stifling online retail competition will proceed, despite the dismissal of claims from several states involved in the lawsuit.
Marketing
What Fashion Needs to Know About Gen Alpha’s Social Media Restrictions
At least 15 US states have enacted policies regulating cell phone usage among teenagers and children, pointing to the youth mental health crisis and other potential harms of incessant access to the internet. For marketers, the laws pose a barrier to reaching young consumers as well as an opportunity to get to know this cohort better.
What Fashion Needs to Know About Gen Alpha’s Social Media Restrictions
At least 15 US states have enacted policies regulating cell phone usage among teenagers and children, pointing to the youth mental health crisis and other potential harms of incessant access to the internet. For marketers, the laws pose a barrier to reaching young consumers as well as an opportunity to get to know this cohort better.
Beauty
The Confusing World of Skincare Claims, Explained
A product’s promises are only as good as the tests that back them up. But a closer look reveals that some claims aren’t as ironclad as they seem.
The Confusing World of Skincare Claims, Explained
A product’s promises are only as good as the tests that back them up. But a closer look reveals that some claims aren’t as ironclad as they seem.
Retail
US Crackdown on Cheap Chinese Goods Takes Aim at Temu, Shein
Plans to begin taxing US imports worth less than $800 would shut a loophole that that has helped fuel the Chinese-linked e-commerce players’ growth.
US Crackdown on Cheap Chinese Goods Takes Aim at Temu, Shein
Plans to begin taxing US imports worth less than $800 would shut a loophole that that has helped fuel the Chinese-linked e-commerce players’ growth.
Retail
Shein Says Move to Close US De Minimis Loophole Won’t Hurt Competitive Advantage
The company’s on-demand business model gives it “not just a few points advantage, but a significant advantage,” executive chairman Donald Tang said in an interview.
Shein Says Move to Close US De Minimis Loophole Won’t Hurt Competitive Advantage
The company’s on-demand business model gives it “not just a few points advantage, but a significant advantage,” executive chairman Donald Tang said in an interview.
Retail
US Looks to Curb Low-Value Chinese Shipments Under $800 ‘De Minimis’ Exemption
The White House announcement comes two days after Democratic lawmakers in Congress urged President Joe Biden to use executive powers to close the de minimis provision, which they called a “loophole” that has allowed Chinese imports to evade tariffs.
US Looks to Curb Low-Value Chinese Shipments Under $800 ‘De Minimis’ Exemption
The White House announcement comes two days after Democratic lawmakers in Congress urged President Joe Biden to use executive powers to close the de minimis provision, which they called a “loophole” that has allowed Chinese imports to evade tariffs.
Sustainability
At NYFW, Models Push Governor to Sign Fashion Workers Act into Law
The Model Alliance delivered hundreds of letters from models and allies to New York Governor Kathy Hochul’s office Tuesday morning, calling on her to sign the act which passed in the state’s Senate and Assembly in July.
At NYFW, Models Push Governor to Sign Fashion Workers Act into Law
The Model Alliance delivered hundreds of letters from models and allies to New York Governor Kathy Hochul’s office Tuesday morning, calling on her to sign the act which passed in the state’s Senate and Assembly in July.
Luxury
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
The Coach-Michael Kors Deal Has Its Day in Court
Hours before its runway show during New York Fashion Week on Monday, Coach’s parent company, Tapestry, faced off with the FTC to prove its $8 billion acquisition of Michael Kors’ owner Capri isn’t anti-competitive.
Sustainability
California Wants Fashion Brands to Pay for Waste
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
California Wants Fashion Brands to Pay for Waste
A bill that would make brands responsible for making sure old clothes don’t wind up in landfill only needs the signature of Governor Gavin Newsom to become law, potentially paving the way for other states to take action on textile recycling.
Retail
South Africa Will Impose New Tax on Fast Fashion Parcels
The country’s tax authority will soon impose a tax on cheap packages to protect the local clothing industry from international e-commerce competitors like Shein.
South Africa Will Impose New Tax on Fast Fashion Parcels
The country’s tax authority will soon impose a tax on cheap packages to protect the local clothing industry from international e-commerce competitors like Shein.
Partner Content
The Forces Shaping the Footwear Market
For a second year, BoF and the Portuguese Footwear Association co-hosted a panel discussion on the growing opportunities for footwear brands and businesses manufacturing in Portugal. Here, BoF shares key insights from the discussion.
The Forces Shaping the Footwear Market
For a second year, BoF and the Portuguese Footwear Association co-hosted a panel discussion on the growing opportunities for footwear brands and businesses manufacturing in Portugal. Here, BoF shares key insights from the discussion.
Luxury
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
The News in Brief
Puig Reports First-Half Revenue Growth After Estee Lauder Talks End
The Spanish beauty company reported first-half revenue growth on strong demand for makeup from Charlotte Tilbury.
Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.