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Fashion news, analysis and advice from the leading digital authority on the global fashion industry.
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News
Amazon Sued by FTC Over Claims It Misled Advertisers on Pricing
1+ week, 6+ day ago (100+ words) The US Federal Trade Commission and 22 US states sued Existing investors in the fast-fashion giant who participated in the offer include billionaire Michael Bloomberg's family office Willett Advisors, French billionaire entrepreneur and investor Xavier Niel and Microsoft Corp. The FTC…...
Shein’s IPO Won’t Mask Its Sustainability Challenges
2+ week, 6+ day ago (134+ words) Shein is finally going public, but in a far more hostile world than when the Chinese online retail giant’s IPO journey began five years ago. Skims’ hire of former Supreme executive Erin Magee and promotion of Yeezy alum Kim Schraub…...
Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
2+ week, 6+ day ago (148+ words) Dick’s Sporting Goods cut its full-year sales and profit forecasts on Tuesday, as pressured discretionary spending amid a cautious consumer environment weighed on demand for sporting goods and athletic apparel, sending its shares down 13 percent in premarket trading. Skims’ hire…...
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
3+ week, 9+ hour ago (142+ words) Shein is seeking to raise as much as HK$13.9 billion ($1.8 billion) in its Hong Kong initial public offering, as it enters the final stretch of an arduous journey to go public. Check out this week’s new partner and openings on…...
Coty Beats Quarterly Revenue, Calls Fiscal 2027 ‘Transition Year’ on Business Overhaul
3+ week, 4+ day ago (147+ words) The Business of Fashion Agenda-setting intelligence, analysis and advice for the global fashion community. Coty Beats Quarterly Revenue, Calls Fiscal 2027 âTransition Yearâ on Business Overhaul Opinion: The âTarget Runâ Is Making a Comeback New CEO Michael Fiddelkeâs…...