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.
tariff
Retail
Temu US Sales Plunge 25% Amid Tariff Barrage
Temu’s US sales are declining due to significant cuts in advertising spending, a direct consequence of new tariffs, while Shein’s sales have begun to recover.
Temu US Sales Plunge 25% Amid Tariff Barrage
Temu’s US sales are declining due to significant cuts in advertising spending, a direct consequence of new tariffs, while Shein’s sales have begun to recover.
Retail
US Retail Sales Post Biggest Drop in Four Months
US retail sales declined more than anticipated last month, though clothing sales rose by 0.1 percent between April and May.
US Retail Sales Post Biggest Drop in Four Months
US retail sales declined more than anticipated last month, though clothing sales rose by 0.1 percent between April and May.
Retail
Surprise! Why Apparel Prices Are Actually Falling
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
Surprise! Why Apparel Prices Are Actually Falling
The latest US inflation data, covering the weeks after the Trump administration’s tariffs kicked in, shows prices for clothing declined at their fastest pace in years. Consumers shouldn’t get complacent though — many experts say sticker shock is still coming.
Global Markets
Trump Tariffs Can Stay in Effect Longer, Appeals Court Says
In a win for the US president on one of his signature economic policies, the US Court of Appeals extended an earlier, short-term reprieve for the administration as it presses a challenge to a lower court ruling last month that blocked the tariffs.
Trump Tariffs Can Stay in Effect Longer, Appeals Court Says
In a win for the US president on one of his signature economic policies, the US Court of Appeals extended an earlier, short-term reprieve for the administration as it presses a challenge to a lower court ruling last month that blocked the tariffs.
Retail
This Week: Are Tariff Price Hikes Finally Here?
US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025.
This Week: Are Tariff Price Hikes Finally Here?
US inflation data will offer a first read on the impact of Trump’s trade policy. Plus, The Business of Beauty Global Forum 2025.
Global Markets
Trump Tariffs Get Personal for the Harris Tweed Makers of the Hebrides
Donald Trump’s tariffs are threatening the livelihoods of Harris Tweed weavers in the Outer Hebrides, posing a threat to the centuries-old craft and the economic stability of the island communities.
Trump Tariffs Get Personal for the Harris Tweed Makers of the Hebrides
Donald Trump’s tariffs are threatening the livelihoods of Harris Tweed weavers in the Outer Hebrides, posing a threat to the centuries-old craft and the economic stability of the island communities.
Beauty
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain
South Korean cosmetic start-ups like Beauty of Joseon, Torriden and d’Alba are in talks with major US retailers to expand their brick-and-mortar presences in the world’s biggest consumer market.
Korean Beauty Start-Ups Bet Booming US Demand Outlasts Tariff Pain
South Korean cosmetic start-ups like Beauty of Joseon, Torriden and d’Alba are in talks with major US retailers to expand their brick-and-mortar presences in the world’s biggest consumer market.
Retail
Why Tariffs Haven’t Led to Soaring Prices – Yet
Fashion brands will eventually need to offset higher costs for imports. But after raising prices again and again since the pandemic, some retailers are more worried about alienating shoppers than how they’ll pay their customs duties.
Why Tariffs Haven’t Led to Soaring Prices – Yet
Fashion brands will eventually need to offset higher costs for imports. But after raising prices again and again since the pandemic, some retailers are more worried about alienating shoppers than how they’ll pay their customs duties.
Global Markets
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
This week’s round-up of global markets fashion business news also features Indian cosmetics giant Nykaa, overseas Chinese shoppers and Jumia’s push to counter Temu in Nigeria.
Worldview | Vietnam’s Crackdown on Counterfeit Luxury Goods
This week’s round-up of global markets fashion business news also features Indian cosmetics giant Nykaa, overseas Chinese shoppers and Jumia’s push to counter Temu in Nigeria.
Retail
Why Brands Are Still Betting on the US
Tariffs have slowed, but haven’t stopped a wave of American expansion. Here’s why some are choosing to stick around.
Why Brands Are Still Betting on the US
Tariffs have slowed, but haven’t stopped a wave of American expansion. Here’s why some are choosing to stick around.
Retail
Retailer Temu’s Daily US Users Halve Following End of ‘De Minimis’ Loophole
US-based users of the PDD Holdings-owned e-commerce platform fell by 58 percent in May.
Retailer Temu’s Daily US Users Halve Following End of ‘De Minimis’ Loophole
US-based users of the PDD Holdings-owned e-commerce platform fell by 58 percent in May.
Luxury
Rolex Lovers Splash Out on Used Watches Before Trump Tariffs
Fears of potential US tariffs spurred a surge in purchases of used Rolex and Patek Philippe watches in late April, mirroring a jump in Swiss watch exports to the US during the same period.
Rolex Lovers Splash Out on Used Watches Before Trump Tariffs
Fears of potential US tariffs spurred a surge in purchases of used Rolex and Patek Philippe watches in late April, mirroring a jump in Swiss watch exports to the US during the same period.
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.