Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
retail / Fast Fashion
Retail
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
Facing potential US tariffs, Chinese e-commerce platforms like Temu and Shein are increasing their focus on European markets, though merchants remain largely committed to the US due to its scale and lower regulatory hurdles.
China’s Temu and Shein Want to Crack Europe, But the US Is Too Big to Quit
Facing potential US tariffs, Chinese e-commerce platforms like Temu and Shein are increasing their focus on European markets, though merchants remain largely committed to the US due to its scale and lower regulatory hurdles.
Target Cuts Sales Forecast on Shopper Pullback, Tariff Hit
The retailer now expects net sales to decline by a low single digit this year, down from previous guidance for an increase of about 1 percent.
Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports
The fast-fashion e-tailer is leasing its first warehouse in Vietnam, in hopes of reducing exposure to unpredictable US-China trade tensions.
Is This the End of Cheap Stuff in America?
As US sales of Shein and Temu plummet, some sustainability advocates make the case for an unlikely win in the movement toward conscious consumption under President Donald Trump’s protectionist trade policies.
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Topshop to Return to High Street With Outlets in Other Retailers’ Stores
The UK fashion retailer said it had already signed deals with retail partners and was seeking more, with no current plans for a standalone location.
‘They Played Us’: Forever 21 Vendors Scorn Retailer’s Bankruptcy
Several vendors are alleging the fast-fashion brand’s US operator requested heavy discounts on orders and took delivery of shipments shortly before filing for bankruptcy without disclosing its plans to reorganise.
Price Hike on Shein? How Trump Tariffs Could Shift the US’s Love of Fast Fashion
The ending of the de minimis loophole on cheap goods from China may push consumers to seek other alternatives like secondhand shopping.
This Week: Is H&M’s Turnaround Working?
The fast fashion retailer, which reports its first-quarter results Thursday, is aiming to return to growth after a marketing blitz starring Charli XCX.
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Making Sense of This Week’s Big Fashion Bankruptcies
News of Forever 21 and Hudson’s Bay facing liquidation this week rang alarm bells for an industry already facing macroeconomic challenges this year. But their failures could have been avoided.
Retail
China’s Zara Tries Going Global in Hopes of Shein-Like Success
Urban Revivo is set to expand globally, opening its first US flagship store in New York City. The label has plans to rapidly grow its international footprint and build a supply chain outside China to compete with Western fashion giants.
China’s Zara Tries Going Global in Hopes of Shein-Like Success
Urban Revivo is set to expand globally, opening its first US flagship store in New York City. The label has plans to rapidly grow its international footprint and build a supply chain outside China to compete with Western fashion giants.
A Death Blow for Dupe Culture, Deferred
President Trump’s ruling this week to end the de minimis tax loophole could be a bust for Shein and Temu, but a boon for all the mid-priced brands they’ve ripped off over the years.
Shein, Temu, Amazon Haul Set for Price Hikes in the US
Prices for the low-cost retailers’ assortments are expected to rise for US consumers after President Trump ended a key trade loophole that allowed low-value packages from China to enter the the country duty-free.
The News in Brief
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Kate Moss’ Cosmoss Enters Liquidation
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Exclusive: Smythson of Bond Street Acquired by Oakley Capital
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Bold Management Acquires Influencer Agency The Digital Prototype
The deal bolsters Bold’s talent management capabilities in France.