Agenda-setting intelligence, analysis and advice for the global fashion community.
SHISHI, China — KBS Fashion Group Ltd. on Wednesday reported net income of $432,000 in its first quarter.
On a per-share basis, the Shishi, China-based company said it had net income of 2 cents.
The Chinese casual menswear maker posted revenue of $9 million in the period.
In the final minutes of trading on Wednesday, the company's shares hit 30 cents. A year ago, they were trading at $3.18.
An emerging narrative this earnings season is that China’s troubled fashion market is stabilising. This week’s results will put that theory to the test.
Had the truce not been extended through Nov. 10, US tariffs on Chinese goods would have jumped to at least 54% starting on August 12.
The once-promising Chinese travel retail market is showing little signs of recovery, causing global beauty giants to reevaluate their strategies and reduce promotions.
With soaring profits and rapidly expanding store networks, ‘heritage-gold’ jewellery brands like Laopu Gold and Lao Feng Xiang are red-hot in China’s otherwise tepid luxury market.
Her third runway show for the brand is a growth spurt for Sarah Burton, writes Tim Blanks.
From Loewe to Yohji Yamamoto, the fifth day of Paris fashion week featured recently installed designers rolling out fresh identities and unbeatable masters being themselves.
The Supreme Court did not say how the collected tariffs should be refunded when it struck Trump’s economic policy down as unconstitutional last month, leaving small importers worried the process would be expensive and time-consuming.
Escalating conflict in the Middle East is exposing how quickly geopolitics can disrupt even luxury’s most carefully cultivated retail hubs.
