Apparel Retail
Shares of American Eagle plummet on unimpressive holiday forecast
American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | Lightrocket | Getty Images Shares of American Eagle plummeted 15% in premarket trading Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter, American Eagle expects […]
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Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
A package from Temu is seen in front of a screen with the Temu logo. (Photo by Nikos Pekiaridis/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Chinese low-cost retailer Temu is dominating app stores in Japan and South Korea in its category, dethroning rival Shein after its successful expansion in Western markets. “Temu […]
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Spirit Halloween lives on, even when the holiday ends and stores close
The facade of seasonal Halloween decor store Spirit Halloween at a shopping center in Dublin, California, on Aug. 23, 2018. Smith Collection | Archive Photos | Getty Images Halloween is over, and your local Spirit Halloween is about to become a ghost town. It’s open Wednesday for clearance sales. On Thursday, it’ll close. But its […]
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Adidas shares climb after boost from Yeezy profits, steerage increase
Shoes are presented for sale at an Adidas keep in Chicago, Feb. 10, 2023. Scott Olson | Getty Pictures Adidas on Tuesday hiked its full-yr advice and posted more robust-than-envisioned 3rd-quarter earnings, aided by sales of its Yeezy stock. The German sportswear huge, in a shock preliminary estimates release, projected a entire-calendar year running decline […]
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Nike reigns supreme among teen shoppers. Here are the other brands they love the most
A customer shops at the Nike store in Miami Beach, Florida, on Dec. 21, 2021. Joe Raedle | Getty Images Teens are a notoriously fickle bunch — but the group is also often on the leading edge of many trends the rest of us eventually adopt. In many ways, the cohort’s spending habits reflect those […]
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How usually need to you clean your denims? The Levi’s CEO settles the discussion
For most items of apparel, it is really distinct they must be washed immediately after a several wears. But jeans can be much more divisive, with some even indicating to never clean them. And in elements, Levi Strauss CEO Charles Bergh might be to blame for that. Even nevertheless he didn’t very imply for that […]
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Consumers commencing to buckle for initial time in a 10 years, previous Walmart U.S. CEO Bill Simon warns
The attract of bargains may be fading. As a few of the nation’s most important stores kick off a essential product sales week, previous Walmart U.S. CEO Invoice Simon warns buyers are beginning to buckle for the initially time in a 10 years. He is blaming a checklist of headwinds weighing on customers such as […]
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TikTok halts e-commerce company in Indonesia pursuing ban
A service provider sells crystal ornaments by way of a stay TikTok broadcast. CFOTO | Potential Publishing | Getty Photos TikTok Indonesia said it will stop transactions on its e-commerce marketplace by Thursday, in buy to comply with new regional rules. The announcement will come following the Indonesian ministry of trade last 7 days established […]
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Levi’s Strauss CEO claims his most important error was not firing the incorrect men and women quickly plenty of
Pedestrians walk past a Levi’s store in Midtown Manhattan. Sopa Illustrations or photos | Lightrocket | Getty Visuals The CEO of the world’s most famous denim jeans corporation claimed he knew from his 2nd day on the position that the finest way to switch all over the company was to fireplace a lot more than […]
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Carousell says it can be ‘on track’ to profitability, designs to cut down losses this calendar year
Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this calendar year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we carry on to hope profits to improve healthily. And I imagine in a quite promising indicator, we really are likely to be healthily reducing our losses this yr […]
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