Shein Slashes Prices to Win Back US Shoppers Post Tariff Reduction Shein, the Chinese fast-fashion giant, has taken a strategic step to win back its US customers by lowering its retail prices. This decision comes on the heels of a temporary reduction in US tariffs on Chinese imports, allowing Shein to pass on the cost […]
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 […]
Sea Profit Tops Estimates as Online Shoppers Keep Spending
Sea Profit Tops Estimates as Online Shoppers Keep Spending Sea Ltd., a prominent player in the Southeast Asian e-commerce market, has once again showcased its dominance by surpassing analysts’ predictions with its first-quarter profit. This accomplishment not only highlights Sea’s resilience but also sheds light on the continuous growth and potential of the online shopping […]
How I Became… Nars Cosmetics’ Deputy General Manager of Global Marketing
From Fashion PR to Global Marketing: The Inspiring Journey of Nars Cosmetics’ Deputy General Manager Jennifer Jackson’s career trajectory is a testament to the power of passion and perseverance in the professional world. Starting in the dynamic realm of fashion PR and marketing, Jennifer embarked on a journey that eventually led her to the prestigious […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
Boohoo’s Name Changes to Debenhams Despite Frasers Group’s Vote Against
Boohoo’s Name Changes to Debenhams Despite Frasers Group’s Vote Against In a surprising turn of events, the online fashion retailer Boohoo has decided to go ahead with its planned name change to Debenhams, despite facing opposition from Frasers Group, the retail conglomerate owned by Mike Ashley. The contentious move comes in the midst of a […]
H&M: Stuck in the Middle With You
H&M: Stuck in the Middle With You In the fast-paced world of fashion retail, staying ahead of the curve is crucial to success. However, for retail giant H&M, the road to success seems to be filled with obstacles as it finds itself stuck in the middle of fierce competition between low-priced brands like Shein and […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]
Kay Jewelers Owner Sees Sales Rebounding, Sparking Shares
Kay Jewelers Owner Sees Sales Rebounding, Sparking Shares The jewelry industry has been facing challenges in recent years, with changing consumer preferences and economic uncertainties impacting sales. However, there seems to be a glimmer of hope on the horizon for Signet Jewelers, the owner of Kay Jewelers and Zales. Despite the turbulent times, Signet Jewelers […]
CoreWeave to buy Weights & Biases as it prepares for IPO
CoreWeave Strengthens Position in AI Market with Acquisition of Weights & Biases CoreWeave, a prominent player in the artificial intelligence (AI) industry, has recently made headlines with its decision to acquire Weights & Biases. This strategic move is not merely a business transaction; rather, it is a calculated step towards solidifying CoreWeave’s position in the […]