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 […]
Unilever to Shutter Ren Skincare Business
Unilever to Shutter Ren Skincare Business Unilever, a major player in the consumer goods industry, recently announced its decision to close down its Ren Skincare business. This move comes as a surprise to many, considering Ren Skincare’s popularity among consumers for its natural and sustainable products. The decision to shut down Ren Skincare was not […]
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment Luxury fashion house Chanel is making tough decisions in response to the ever-changing economic landscape. The French maison has announced plans to cut 70 jobs in the United States, which accounts for approximately 2.5 percent of its workforce. This move comes as the renowned luxury […]
Abercrombie Shares Drop Despite Strong Holiday Sales
Abercrombie Shares Drop Despite Strong Holiday Sales Abercrombie & Fitch, the renowned American retailer, has recently faced a setback as its shares took a dip by 7.4 percent in Monday’s premarket trading session in New York. This decline comes as a surprise considering the company’s impressive performance in the past year, where its shares witnessed […]