Apparel Retail
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 […]
Read More
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 […]
Read More
‘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 […]
Read More
Black Friday shoppers used a report $9.8 billion in U.S. online revenue, up 7.5% from very last calendar year
Black Friday customers select out apparel in a Lacoste retail outlet as shops contend to entice shoppers and try out to preserve margins on Black Friday, 1 of the busiest shopping days of the yr, at Woodbury Widespread High quality Shops in Central Valley, New York, U.S. November 24, 2023. Vincent Alban | Reuters Black […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More