Forever 21 Proposes to Give Major Lenders Maximum 3% Recovery Forever 21, the well-known fast-fashion retailer, has been making headlines recently with its bankruptcy proceedings. In a recent court filing on Friday, the company’s bankrupt US arm revealed a bold proposal that has left many major lenders scratching their heads. The proposal suggests that lenders […]
The Brewing Controversy Over the Cotton in Your T-Shirt
The Brewing Controversy Over the Cotton in Your T-Shirt In the realm of fast fashion, the quest for sustainability has long been a tumultuous journey. The latest twist in this saga comes from Inditex, the parent company of retail giant Zara, as it makes a bold move that is causing ripples throughout the industry. Inditex, […]
Ted Stansfield Named New Dazed Editor-in-Chief
Ted Stansfield Named New Dazed Editor-in-Chief In a surprising turn of events, Dazed magazine has recently announced the appointment of Ted Stansfield as its new Editor-in-Chief. This decision comes hot on the heels of the departure of IB Kamara earlier this week, leaving a void that Stansfield is poised to fill with his innovative vision […]
Lululemon Tumbles as Tariff Uncertainty, Weak Demand Hit Forecasts
Lululemon Athletics Faces Stock Plunge Amid Tariff Uncertainty and Weak Demand Lululemon Athletics, the renowned athletic apparel retailer, is experiencing a significant downturn in its stock value. The company recently released downbeat annual forecasts, causing its shares to tumble by almost 13 percent during premarket trading on Friday. This sudden drop has set off alarm […]
Lululemon Forecasts Annual Results Below Estimates
Lululemon Faces Investor Disappointment as Annual Results Fall Below Estimates Lululemon Athletica Inc., the popular athletic apparel retailer, recently announced its annual financial forecast, sending ripples of concern through the investment community. The company’s projection came in below analysts’ estimates, causing a notable 8.1 percent drop in its shares during extended trading. This development marks […]
US states wage war on synthetic dyes in food and drinks amid cancer concerns
States across the US are cracking down on synthetic dyes used in making brightly colored food and drinks. Concerns over the potential health risks posed by these artificial additives, particularly their link to cancer, have spurred a wave of legislative action aimed at removing them from the market. From California to New York, lawmakers are […]
Next Raises Profit Forecast, Defies Gloomy Retail Environment
Next Raises Profit Forecast, Defies Gloomy Retail Environment The retail industry has been facing numerous challenges in recent years, with many brick-and-mortar stores struggling to stay afloat in the face of e-commerce giants and changing consumer preferences. However, there are always exceptions to the rule, and Next seems to be one of them. The British […]
Hand Creams and Sanitisers Became a Beauty Status Symbol
Hand Creams and Sanitisers Became a Beauty Status Symbol In the world of beauty and self-care, hand creams and sanitisers have emerged as unexpected yet essential items, transforming from mere functional products to coveted beauty status symbols. The recent explosion in the hand care category’s popularity not only highlights the shifting consumer preferences but also […]
Nike Falls Below $100 Billion in Value as Turnaround Sputters
Nike Falls Below $100 Billion in Value as Turnaround Sputters Nike, the renowned activewear brand, is facing a turbulent period as its shares plummeted by as much as 9.3 percent following a disappointing earnings report. This decline has pushed the company’s value below the $100 billion mark, raising concerns among investors and industry experts. The […]
Nike’s Top Strategy, Communications Officers Exit in Shakeup
Nike’s Top Strategy, Communications Officers Exit in Shakeup In a recent shakeup at Nike, the sportswear giant’s top strategy and communications executives are bidding farewell to the company. This move adds to the list of senior leadership changes that have been taking place under the guidance of CEO Elliott Hill, who made a grand return […]