Fast-Fashion Retailer Shein’s UK Sales Surged to $2.8 Billion in 2024
The global retailer’s UK business reported a pretax profit of £38.25 million ($51.8 million) in 2024, up 56.6 percent from 2023.
Reuters
‘Farm Babe’ Influencer Fights For GMOs, Against MAHA
US influencer Michelle Miller aims to debunk misinformation around farming practices, but is up against a louder political movement that aims to reconfigure America's food industry.
Swiss Watch Giant Navigates Trump’s Tariff Uncertainty
Swatch Group CEO Nick Hayek has front-loaded shipments to the US, is targeting American shoppers as they travel abroad and has raised its prices as it grapples with a new 39 percent US tariff on Swiss-made products.
Brands From Adidas to L’Oréal Confront Tariff Pricing Dilemma
From fashion to beauty, consumer goods companies are deploying a range of strategies to blunt the impact of US tariffs.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
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The News in Brief
Birkenstock’s Profit Beats Estimates on Strong Full-Price Footwear Sales
Demand for the German brand’s sandals has remained healthy even after it raised prices in response to tariffs.
Nykaa Revenue Surges, Profit Doubles in First Quarter
FSN E-Commerce Ventures, parent company of India's largest beauty retailer, said its revenues lifted by 24 percent on demand for newly added brands like Chanel and Supergoop.
Natura Swings Back to Profit, Looks to Sell Avon International
Net profit for the three months through the end of June landed at $35.8 million, reversing the $157 million real net loss it logged from the same period last year.
Adidas Apologises for Sandal Appropriating Indigenous Mexican Design
The Oaxaca slip-on, launched five days ago by Mexican-American designer Willy Chavarria with Adidas, features a black sneaker sole topped with the leather weave typical of Mexico’s huarache sandals.
Mexico Wants Adidas to Pay Up After Indigenous-Inspired Collaboration with Willy Chavarria
Mexico is pursuing possible legal action against Adidas after Chavarria released the 'Oaxaca Slip On,' which allegedly copies the traditional, Indigenous huarache sandal without credit or benefit to local artisans.
Under Armour Forecasts Downbeat Second-Quarter Sales
The Maryland-based sportswear maker has struggled to drive up demand in the past two years, with efforts to revive the business having hit more roadblocks in recent months due to the Trump administration's shifting tariff policies.
Revolution Beauty Rejects Bid From Private Equity Firm, Sources Say
The cosmetic group has rejected a takeover offer from True, a private equity firm, and is now likely to pursue a capital raise from existing shareholders.