Adidas may boost more sales than its rival Nike. Drake's Nike line faces challenges due to the Kendrick Lamar feud, although it could gain attention from public interest.

British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.

Nike is set to introduce a new line of sneakers priced at $100 or less globally to revive its sales amid declining shares.

H&M plans to increase its discounted offerings in the second half of this year to regain lost customers.

Two Adidas employees have resigned amid an ongoing investigation into corruption allegations in China, where the company is scrutinizing claims of embezzlement and kickbacks by its executives.

Under Armour settled a class action lawsuit accusing company of misleading shareholders about sales growth for $434 million.

Due to declining sales and digital competition, Forever 21 seeks up to 50% rent cuts, risking worsened financial strain and operational limits.

One company, Orbo AI, has a solution beauty companies in India and across the globe are in dire need of and are looking for with their approach to visual intelligence. Orbo offers cutting-edge solutions like virtual makeup and skin analysis which helps beauty brands boost ROAS, stickiness and conversions with AI try-on and personalization tools.

Adidas has initiated an investigation into allegations of large-scale bribery and embezzlement by senior staff in China, following a whistleblower complaint that claimed millions of euros were involved.

Weight loss drugs like Ozempic are driving a surge in demand for smaller clothing sizes, with retailers seeing more customers embracing more "body-hugging" styles.