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China's spending slump weighs as e-commerce giant Alibaba misses estimates
Alibaba Group Holding missed market expectations for first-quarter revenue as the company's domestic e-commerce sales came under pressure from cautious spending by Chinese consumers in a faltering economy.
Fashion
Spanish fashion group Mango adds Hong Kong shop with rent 60% off peak
Mango has rented a 19,000-square-foot store in Hong Kong’s prime retail district Central, people familiar with the matter said, the latest in a slew of global brands returning to the shopping hub, lured by lower rent.
Fashion
UK retail sales rise after discounts and Euros lift spending
UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops.
Fashion
Tapestry quarterly profit beat Wall Street’s view despite sales dip
Tapestry Inc.’s shares rose as the maker of handbags and clothing’s quarterly results beat Wall Street expectations amid continued weak consumer confidence and inflation fears.
Fashion
Seoul authorities find toxic substances in Shein and Temu products
Women's accessories sold by some of the world's most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said.
Fashion
Nike rises after Bill Ackman’s Pershing Square discloses stake
Nike Inc. shares gained in late trading on 14 August after Pershing Square Capital Management LP disclosed a new stake in the world’s largest sportswear company.
Fashion
Business developments: Motherhood, Pour Moi, Crew Clothing
On the business front, we’ve been hearing about brand revamps, key tech link-ups and lawsuits too.
Fashion
Products launches: Boots, Monica Vinader, Dolce & Gabbana, Golden Goose
Product launches are continuing at pace with major developments in multiple categories ranging from the very practical to the totally quirky.
Fashion
Campaigns and influencers: Clarks, JD Sports, Gymshark
Summer may be here but companies are already focused on the autumn season with key campaign launches and other developments.
Fashion
ASOS, WGSN embrace AI to drive creativity
Technical innovation is becoming key to the creation process for fashion and we’ve recently heard about two major developments.
Fashion
Paul Smith links with Centra for e-commerce and digital wholesale boost
Paul Smith is ramping up its focus on its digital ops — from DTC e-commerce to digital wholesale — and allying it closely to its physical retail business as it aims to “create a seamless, global brand presence”.
Fashion
Nike suspends online sales In Turkey after customs tax increase
Nike Inc. suspended online sales in Turkey via its website and mobile app, days after an increase in customs taxes levied by Turkey on online purchases from abroad.
Fashion
Paris sets new trend as the product placement Olympics
Winning athletes in Paris have received their medals on Louis Vuitton trays before being handed a Samsung flip phone for a selfie, heralding a new era of product placement at the Olympics that LA will build on.
Fashion
Capri Holdings "disappointed" as Versace, Kors see double-digit Q1 declines
Capri Holdings is the latest luxury giant to prove that times are tough out there. The company’s Q1 results for fiscal 2025 saw revenue falling 13.2% on a reported basis and 12.1% in constant currency.
Fashion
Asda Q2 sales drop, George scores in schoolwear
Asda, Britain's third-biggest supermarket group, posted a 5.3% decline in underlying sales in the three months to the end of June, as it continues to underperform its rivals.
Fashion
Simone Biles’ leotards ignite sales of made-in-America brand
Simone Biles won four more medals during the Paris Olympics, making her the most decorated American gymnast ever. All that attention has also helped push a company that produces American-made apparel into the spotlight.
Fashion