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 […]
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast
Luxury Sector Faces More Gloom as Bain Cuts Sales Forecast The luxury sector, known for its resilience in the face of economic downturns, is now experiencing a significant blow as consultancy Bain & Co slashes its sales forecast for the year. The renowned consultancy has predicted a global decline in luxury goods sales ranging from […]
Burberry’s Reset Begins to Click
Burberry’s Reset Begins to Click Burberry, the renowned British luxury fashion house, has recently made headlines with its strategic reset under new management. Despite facing challenges such as a swing to a loss in full-year profit and a 6 percent decline in quarterly sales, the company’s shares have soared as investors show confidence in its […]
Mytheresa Reports Slower Sales Growth
Mytheresa Reports Slower Sales Growth Mytheresa, the renowned German e-tailer, has been navigating through a period of slower sales growth, facing challenges that have put its ability to outperform the broader luxury market to the test. Despite its aspirations to solidify its position as a leader in online luxury retail, the company encountered uncertainty in […]
US to Slash Tariff on Small China Parcels From 120% to 54%
US Slashes Tariff on Small China Parcels by More Than Half: A Step Towards Trade Normalization The recent decision by the United States to reduce tariffs on small parcels from China and Hong Kong has been welcomed as a positive development in the ongoing trade negotiations between the two economic powerhouses. The move, which saw […]
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options Saks Fifth Avenue, a renowned luxury department store, has made a strategic move by enlisting the expertise of Kirkland & Ellis and PJT Partners to navigate through the complex world of financing. With economic pressures looming over the US retail sector, the decision to seek […]
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65%
Shiseido Earnings Decline 8.5%, Drunk Elephant Sales Slide 65% Japanese cosmetics powerhouse Shiseido is feeling the sting of shifting market dynamics as it reported an 8.5 percent decrease in sales. This decline, announced on Monday, has sent ripples through the beauty industry, indicating challenges that even major players are facing in the ever-competitive market. One […]
This Week: Is Burberry’s Turnaround a Go?
Is Burberry’s Turnaround Finally Gaining Momentum? Burberry, the iconic British luxury brand, has been on a mission to revive its image and regain its position at the top of the fashion world. After facing several challenges in recent years, from changing consumer preferences to the economic impact of the pandemic, Burberry is now gearing up […]
Stripe launches AI payments model and stablecoin accounts
Stripe and Visa Revolutionize Payments with Global Debit Card Linked to Stablecoin Wallets In a groundbreaking move that is set to disrupt the traditional banking system, online payment processing giant Stripe has teamed up with Visa to introduce a revolutionary global debit card linked to stablecoin wallets. This innovative collaboration marks a significant milestone in […]
The BoF Podcast | Modest Fashion at a Crossroads
The BoF Podcast | Modest Fashion at a Crossroads In a world where fashion trends are ever-changing, one movement has been steadily gaining momentum – modest fashion. Linda Anggrea of Modinity, Kareem Türe of Modanisa, and Rabia Zargarpur of Rabia Z recently joined Imran Amed at BoF CROSSROADS 2025 to delve into the global rise, […]