Report: Prada Considers Acquisition of Versace Amid Financial Evaluation Italian luxury fashion house Prada is making strategic moves in the competitive fashion industry by exploring the possibility of acquiring Versace, a renowned Italian brand currently under the ownership of Capri Holdings Ltd. This decision comes in the wake of Versace experiencing a downturn in its […]
TikTok Grabs Market Share From Shein Despite Looming Risks
TikTok Shop Surges Ahead, Outpacing Shein in Market Share Race In the ever-competitive landscape of e-commerce, TikTok has emerged as a formidable player, making significant strides in grabbing market share from established giants like Shein. Recent data revealed by BSM’s Joe Hung showcases TikTok’s impressive performance, with observed sales skyrocketing by a staggering 153 percent […]
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand
Deckers Outdoor Raises Annual Net Sales Target for Second Time on Robust Demand Deckers Outdoor Corp, the parent company of popular footwear brands like UGG and Hoka One One, has recently announced an upward revision of its annual net sales target for the second time this year. This decision comes on the heels of robust […]
Surge in AI-Capable PC Sales Drives Market Growth
Sales of AI-capable PCs have seen a remarkable surge, reaching 13.3 million units in the third quarter of 2024. This impressive figure now constitutes 20% of total PC shipments, according to a recent report by Canalys. These devices, characterized by their dedicated AI chipsets, have become increasingly popular as consumers explore the numerous functions that […]