Apparel Retail
Birkenstock shares slump as shoe company warns on profit outlook during first earnings since IPO
A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering. Angela Weiss | Afp | Getty Images Birkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report since its initial public offering. […]
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Singapore readies product sales tax hike as demographic crunch looms
Folks acquire exterior the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN / AFP) (Photograph by ROSLAN RAHMAN/AFP via Getty Images) Roslan Rahman | Afp | Getty Illustrations or photos Singapore homes are bracing for a sales tax hike that normally takes impact in the new year […]
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On the internet retailer Zulily is shutting down
The Zulily headquarters in Seattle, Washington, US, on Tuesday, Dec. 12, 2023. David Ryder | Bloomberg | Getty Visuals On the web retailer Zulily is shutting down. Writing on the company’s homepage, an official said Zulily’s leadership had “designed the complicated but necessary determination to perform an orderly wind-down of the small business to increase […]
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Nike, Foot Locker shares sink after sneaker maker cuts revenue outlook
A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022. Scott Olson | Getty Images Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more […]
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Vans owner VF Corp. shares tumble as it says cyberattack could hamper holiday fulfillment
A Vans store is seen in Hong Kong. Budrul Chukrut | LightRocket | Getty Images Shares of The North Face and Vans owner VF Corp. tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays. The company said hackers encrypted “some” systems and made […]
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Temu information refreshing lawsuit versus Shein, accusing its rival of 'mafia-design and style intimidation'
World on the net shopping platform Temu is by now climbing the ranks in the U.S. Apple Retailer. Bloomberg | Bloomberg | Getty Visuals Chinese minimal-expense on line retailer Temu has released a new lawsuit in opposition to its rival Shein about copyright issues and “mafia-fashion intimidation of suppliers,” a filing on Wednesday confirmed. In […]
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Zara pulls advert from web site front page after Gaza boycott phone calls
A ZARA keep in New York Scott Mlyn | CNBC Zara pulled an advertising and marketing marketing campaign showcasing mannequins with lacking limbs and statues wrapped in white from the front site of its internet site and app on Monday after it prompted phone calls by some professional-Palestine activists for a boycott of the style […]
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Temu, the Chinese e-commerce system, is drawing customers from U.S. greenback retailers, data exhibits
UKRAINE – 2023/03/11: In this photo illustration, Temu, LLC emblem seen on a smartphone and on a computer display screen. (Picture Illustration by Pavlo Gonchar/SOPA Photos/LightRocket by way of Getty Photographs) Sopa Photos | Lightrocket | Getty Illustrations or photos Temu, the rapid-developing Chinese e-commerce system offering $4 dwelling decor and $10 shirts, is successfully […]
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Lawmakers ramp up scrutiny of Shein, call for proof it doesn’t use forced labor after retailer files for IPO
Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week. One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission doesn’t reject its application. Rep. Blaine Luetkemeyer, R-Mo., issued a video […]
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‘You scarcely realized what we have been essentially selling’: Gap CEO Richard Dickson on the brand’s weighty price reduction system
Richard Dickson, CEO of Gap Inc. Courtesy: Hole Inc. New Gap CEO Richard Dickson has spoken about his expertise upon joining the battling company from toy business Mattel in August. “You barely knew what we had been essentially advertising,” he reported on Wednesday, describing how the firm’s 4 clothing models experienced leant seriously on promotions […]
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