H&M to Offer More Discounts to Win Back Lost Customers
H&M plans to increase its discounted offerings in the second half of this year to regain lost customers.
Fashion/Clothing
Luxury Giant Burberry Suspends Dividend and Appoints New CEO as Shares Drop Sharply
Burberry faces leadership changes and a profit warning as sharp stock declines amid ongoing sales drops and forecasted financial losses.
Chinese Retailers Capitalize on Trump Shooting With High-Demand Souvenir T-Shirts on Taobao
Chinese online retailers reported 2,000 orders of souvenir t-shirts, mostly of Trump raising his fist with blood from the bullet that grazed his ear, three hours after the assassination attempt at a P..
Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain
Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period ..
Addidas' Sales Boosts While Nike Struggles; Drake's Nike Sneakers Drop After Losing to Kendrick Lamar Rap Battle
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...
Burberry Prepares to Cut Jobs Due to Plummeting Sales
British luxury clothing retailer Burberry announced that it was making...
Nike to Launch $100 Sneaker Line After Surprise Drop in Sales Sends Shares Plummeting to Worst Day on Record
Nike is set to introduce a new line of sneakers priced at $100 or less...
Latest News
Adidas Employees Exit Amid Corruption Probe in China
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 Agrees to Pay $434 Million to Resolve Lawsuit Alleging It Misled Shareholders
Under Armour settled a class action lawsuit accusing company of misleading shareholders about sales growth for $434 million.
Forever 21 Seeks 50% Rent Cuts Following Financial Challenges Due to Sales Decline
Due to declining sales and digital competition, Forever 21 seeks up to 50% rent cuts, risking worsened financial strain and operational limits.
Capitalizing on India's Consumer Boom: Orbo AI's Advantage in a Changing Beauty and Personal Care Market
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 solutio
[Update] Adidas Launches Investigation in China After Whistleblower Exposes Alleged Embezzlement by Senior Staff
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 involve
Ozempic Craze Drives Record Demand for Smaller Clothing Sizes
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.
Addressing the Challenges of Tactile Quality Assessment in the Textile Industry with PhabrOmeter®
The sense of touch, or tactile perception, is an important factor when choosing textile products, but assessing how fabrics feel is tricky due to the subjective nature of the human senses. People's cu
Shein to File 50 Billion Pound London IPO Prospectus as Early as This Week: Report
Fast fashion giant Shein is reportedly gearing up to submit a prospectus to Britain's Financial Conduct Authority as it aims for approval for a potential IPO in London.
Abercrombie & Fitch Predicts 10% Sales Increase in 2024, Thanks to '90's Fashion Resurgence
Abercrombie & Fitch sees a share surge after beating first-quarter sales estimates, attributed partly to their '90s fashion trend strategy.
