Shein to Set up Huge Vietnam Warehouse in US Tariff Hedge, Reuters Reports The global retail landscape is constantly shifting, with companies adapting to the ever-changing environment in novel ways. One such company making strategic moves is Shein, the fast-fashion e-tailer that has taken the fashion world by storm. In a bid to mitigate the […]
Retailers Rush to Save US Summer Shopping Season
Retailers Rush to Save US Summer Shopping Season Following a temporary US tariff cut on Chinese imports, US retailers are accelerating efforts to import summer merchandise from China, reversing a previous slowdown in orders. This strategic move comes as a relief to many businesses that were grappling with the impact of the trade war between […]
Ferragamo’s Revenues Fell 1% in First Quarter, Dragged by Weak Sales in Asia
Ferragamo’s Revenues Decline by 1% in Q1 Due to Weak Sales in Asia Italian luxury fashion house Salvatore Ferragamo, renowned for its exquisite footwear and accessories, faced a setback in the first quarter of the year as its revenues dipped by 1%. The brand, which is currently navigating the market without a CEO at the […]
Kering Facing Drop in US Consumption, CEO says
Kering Facing Drop in US Consumption, CEO says Kering, the luxury fashion conglomerate and owner of renowned brands like Gucci, Balenciaga, and Saint Laurent, is currently navigating through a challenging period as the company grapples with a significant decrease in consumption in the United States. The chief executive of Kering, Francois-Henri Pinault, recently highlighted the […]
Balenciaga Names Nathalie Raynaud Deputy CEO
Balenciaga Names Nathalie Raynaud Deputy CEO Balenciaga, the renowned fashion house under the Kering umbrella, is making waves in the industry once again with the announcement of Nathalie Raynaud as its new Deputy CEO. This strategic move comes as the brand gears up to embark on a new chapter under a fresh designer, signaling a […]
Report: Boohoo in Talks on £175 Million Debt Package
Report: Boohoo in Talks on £175 Million Debt Package The retail industry is known for its fast pace and ever-changing landscape. One of the latest news making waves in the sector is the report that Boohoo, a prominent player in the online fashion retail space, is currently in talks regarding a substantial debt package. According […]
Calvin Klein Names New President
Calvin Klein Welcomes David Savman as New President Calvin Klein, the renowned fashion brand, is gearing up for a new chapter as David Savman steps into the role of President. With an impressive background as the PVH global head of operations, Savman is set to bring his wealth of experience and fresh perspective to the […]
Temu, Shein See US Sales Drop in Week After Tariff Price Hikes
Temu and Shein Experience Decline in US Sales Following Tariff Price Increases Fashion retail giants Temu and Shein have recently faced a significant setback in the US market. According to the latest reports, Shein witnessed a notable 23 percent decline in US sales, while Temu experienced a 17 percent drop during the week spanning from […]
Shein and Temu Ramp up Advertising in UK and France As US Tariffs Hit
Shein and Temu Increase Digital Ad Spending in UK and France Amidst US Tariffs The global fashion e-commerce giants, Shein and Temu, have recently made strategic shifts in their advertising strategies in response to the impact of US tariffs. With a notable decrease in digital ad spending in the US, both companies are ramping up […]
At the Met Gala, Dandies Owned the Night
At the Met Gala, Dandies Owned the Night The 2022 Met Gala was not just another star-studded event; it was a celebration of Black style like never before. In a dazzling display of fashion, the night belonged to the dandies who effortlessly blended modern culture with historical significance. From embellished capes to bedazzled canes and […]