Temu-Owner PDD Holdings Misses Quarterly Revenue Estimates
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
Designer Jide Osifeso will shape the creative direction of Reebok Basketball as the brand seeks to re-establish itself in a performance category it’s been absent from for more than a decade.
The comfort sneaker brand’s $63-per-share acquisition by the Brazilian private equity firm 3G shocked both the fashion and financial worlds.
A gloomy economy probably won’t spoil the Costume Institute’s big party.
Few words are more overused in fashion, but the ones who do it right foster genuine customer loyalty and extraordinarily high levels of engagement, writes Imran Amed.
The shiny new storefront on Amazon Luxury did not distract investors this week from Saks Global’s deteriorating liquidity problem.
The department store is searching for a permanent CEO replacement after Kohl’s Corp.’s board discovered Ashley Buchanan, who had joined Kohl’s in January, had directed millions of company dollars to his then-undisclosed romantic partner.
China’s total e-commerce shipping plunged 65 percent by volume in the first three months of the year, but rose 28 percent in Europe.
Brands that have not traditionally offered bridalwear are flocking to the category, banking on driving revenue through seamless production crossover and weddings’ ability to drive social media visibility and customer loyalty.
The sportswear company is assembling executives and designers to operate the new brand with Skims, with plans to release its first womenswear collection this spring.
From ‘Tomato Girl’ to ‘Quiet Luxury,’ microtrends once swept social media and helped shape retail strategies but Gen-Z consumers are now craving more substantial and lasting styles.
Saks Global’s bonds fell after a call with management did little to pressure investors’ concerns about its financial outlook.
Billionaire appears to have been asked to pressure friend to return to China to help pursue out-of-favour official.
Despite price slashing from retailers and government stimulus measures to boost consumer spending, the e-commerce company's year-on-year net income fell 47 percent.
The EU has ordered Shein to address consumer law breaches within one month or face potential fines.
The European Union is considering a handling fee for low-value e-commerce packages, primarily from platforms like Shein and Temu, to address a surge in volume and ensure compliance with EU regulations.
The shoe maker’s first-quarter net sales rose 6.5 percent off strong demand for Hoka footwear.
Nike’s price hike announcement was ‘the moment Adidas and Puma were waiting for,’ said Robert Krankowski, sporting goods analyst at UBS.
The world’s biggest sportswear brand is raising prices on several products next week and selling products on e-commerce giant Amazon.
Steve Madden is suing Adidas, alleging that the athletic wear company is attempting to prevent it from selling sneakers with resemblance to Adidas’ signature three-stripe design.
The apparel company’s sales rose 10.7 percent to $1.33 billion in its second straight quarter of strong revenue gains.