Victoria’s Secret Turnaround Takes Hit on Quarterly Forecast Miss Victoria’s Secret, the renowned lingerie brand, has been facing a challenging time as it struggles to make a turnaround under the leadership of CEO Hillary Super. Despite her efforts, the company’s first year under her helm has been marred by various external factors that have posed […]
Kohl’s Posts Better-Than-Expected Sales as It Looks for New CEO
Kohl’s Posts Better-Than-Expected Sales as It Looks for New CEO Kohl’s, the renowned department store operator, has recently made headlines by exceeding expectations in its first-quarter sales performance. Despite a 3.9 percent decline in sales, the company managed to outpace its earlier forecast, showcasing resilience and adaptability in a challenging retail landscape. This positive outcome […]
China’s EV giant decimates local competition by dropping prices on key models
China’s EV Giant BYD Dominates Local Market with Price Drops China’s electric vehicle market just got even more competitive. BYD, one of the country’s leading electric vehicle manufacturers, has recently made a bold move that is sending shockwaves through the industry. By dropping prices on key models, BYD is decimating the local competition and solidifying […]
The BoF Podcast | Inside The Great Luxury Reset
The BoF Podcast | Inside The Great Luxury Reset In the realm of luxury fashion, a profound transformation is underway. Imran Amed, the visionary founder and CEO of The Business of Fashion, and Luca Solca, the esteemed managing director of luxury goods at Bernstein, recently engaged in a riveting discussion with System Magazine’s Jonathan Wingfield. […]
The Tactics Small Brands Are Using to Navigate Tariffs
Navigating Tariffs: Strategies Small Brands Are Using to Overcome Global Trade Uncertainty In the current landscape of global trade uncertainty, small independent brands with a solid customer base in the United States are facing unprecedented challenges. The imposition of tariffs on various goods has forced these businesses to reassess their approaches to pricing, production, warehousing, […]
China’s JD.com Beats Quarterly Revenue Estimates
China’s JD.com Surpasses Expectations with Strong Quarterly Revenue Growth In the fiercely competitive landscape of e-commerce in China, industry giants like JD.com and Alibaba are constantly strategizing to stay ahead of the game. Recently, JD.com made headlines by exceeding quarterly revenue estimates, showcasing its ability to adapt to the ever-changing market dynamics. This success comes […]
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 to Raise Prices in Response to Tariffs
Shein and Temu to Raise Prices in Response to Tariffs Shein and Temu, two prominent players in the fast-fashion industry, have recently announced their decision to increase prices in response to tariffs. The move comes as a response to the economic challenges brought about by the tariffs imposed on imported goods. Customers of both retailers […]
‘Trade War TikTok’ Takes Aim at Luxury
“Trade War TikTok” Takes Aim at Luxury In the midst of the ongoing trade war between the United States and China, a new player has entered the scene: TikTok. This social media platform, known for its viral dance challenges and comedic skits, has now become a battleground for Chinese creators aiming to disrupt the luxury […]
Trump’s Tariffs Send Beauty Industry Into Crisis Mode
Trump’s Tariffs Send Beauty Industry Into Crisis Mode The beauty industry is known for its resilience in the face of challenges, but the recent implementation of high tariffs on key import sources by the Trump administration has sent shockwaves through the sector. With major beauty powerhouses like South Korea and France being heavily impacted by […]