The company’s shares have surged 17 percent over nine days, driven by positive earnings reports and a boost from activist investor Bill Ackman’s stake, marking a potential end to the stock’s prolonged downturn. …
Walmart Lifts Full-Year Outlook on Strong Apparel Sales
The retailer increased its full-year sales forecast to 4.75 percent after reporting strong consumer demand for essentials, boosting shares by 7 percent in premarket trading. …
US Retail Sales Rise More Than Expected in July
US retail sales rose 1.0 percent in July, surpassing forecasts and alleviating fears of a sharp economic slowdown amid a higher unemployment rate, which may impact expectations for a substantial interest rate cut. …
Goldman Agrees to Sell Ireland’s Largest Shopping Mall to SVP
Strategic Value Partners is set to buy Blanchardstown Centre, Ireland’s largest mall as investor interest in malls rises due to lower rents and increased consumer spending. …
Shein Hires Ex-EU Official to Bolster Lobbying as IPO Nears
The fast-fashion company has enlisted former EU commissioner Günther Oettinger to navigate regulatory hurdles in Europe ahead of its London IPO and as the EU considers new import duties on low-cost goods. …
Revolve Makes a Case for Free Returns
The e-commerce retailer recorded the first drop in its return rate in more than three years, and unlike many of its peers, has held fast to its policy of free shipping for online returns. …
This old thing? How UK customers are clamouring for ‘trashed-look’ vintage clothing
Views: 30Store owners say marks and holes add character to pieces and make them more appealing to discerning buyers At the 99 Vintage store in the centre of Winchester, curated rails of worn-in Dickies trousers sit alongside paint-splattered band T-shirts …
The Business of Fashion
Daily fashion news that you need to know today, curated by The Business of Fashion’s editorial team. Make BoF your fashion news source. …
Almost quarter of big fashion brands have no decarbonisation plan, report finds
Views: 25DKNY, Tom Ford and Reebok among companies to score 0% in Fashion Revolution report ranking top 250 firms Almost a quarter of the world’s biggest fashion brands, such as Reebok, Tom Ford and DKNY, do not have a public …
London Stock Exchange denies lowering standards to win Shein IPO
Views: 24Fast-fashion retailer had planned New York listing before US lawmakers raised concerns over forced labour allegations The boss of the London Stock Exchange Group has denied lowering standards in order to lure the fast-fashion retailer Shein’s £50bn IPO to …