Representative image German sportswear maker Puma on Wednesday narrowed its outlook for full-year core profit as it reported its second-quarter results, citing expected currency headwinds, higher freight costs and continued muted consumer sentiment. Puma, which has recently launched new marketing initiatives in an effort to compete better with bigger rivals like Adidas and Nike, has…
Representative image Hugo Boss has sold its Russian business to wholesale partner Stockmann for an undisclosed fee, the German fashion house said on Monday, joining the ranks of Western brands to exit the Russian market over the war in Ukraine. The German fashion company suspended its retail business in Russia soon after Moscow invaded Ukraine…
Shein Fast-fashion giant Shein, known for its $5 tops and $10 dresses, will open a pop-up store in Johannesburg, South Africa in August as the online retailer aims to expand its brand recognition in the country. Shein, founded in China, and its rival Temu have aggressively expanded worldwide as online shopping has surged after the…
LL Bean has been sued by footwear maker Skechers USA, which accused the clothing and outdoor gear company of illegally copying its shoes, which have sold in the millions. According to a complaint filed late Monday in Manhattan federal court, the world’s third-largest footwear company believes LL Bean’s Freeport casual shoes infringe two patented designs…
(Representative Image) Following Nike‘s decision to halt sales to Russia shortly after the country’s full-scale invasion of Ukraine more than two years ago, an online sports retailer owned by Russia’s Zenit soccer club, footballstore.ru, continues to offer dozens of Nike-branded items, including the US sportswear maker‘s Phantom GT2 Elite soccer boots for around USD 330….
LONDON: Fast fashion retailer Shein, known for its China-made $5 tops and $10 dresses, has hiked prices by over a third on some core products, in a move likely to boost revenues ahead of its planned IPO, according to an analysis of its pricing strategy. Shein’s average price hikes exceeded those of its rivals H&M…
A new U.S. crackdown on customs brokers handling billions of dollars in inexpensive online shopping orders from giants like China-linked Shein and Temu is likely to cause delivery delays and bottlenecks, industry experts said. U.S. Customs and Border Protection announced late last week it suspended “multiple” brokers from an expedited clearance program for those duty-free,…
NEW DELHI: An Indian personnel serving with the United Nations tragically lost their life in Gaza‘s Rafah area when the vehicle they were traveling in came under attack, marking the “first international” casualty for the organization since the onset of the Israel-Hamas conflict.The individual, identified as a staff member of the United Nations Department of…
Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election. The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale…
Sales updates from Europe’s big luxury brands have offered scant reassurance that Chinese demand for high-end fashion is recovering, leaving a cloud over the outlook for the industry. Warning on Tuesday that its first half profit would drop steeply, Kering flagged low demand in Asia, and China in particular, in addition to its struggles to…
