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The News In Brief

Global Markets

US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel

President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.

Global Markets

US Cuts Tariffs on Bangladesh Goods, Exempts Some Apparel

President Donald Trump will lower the country’s overall reciprocal tariff to 19 percent.


Retail

US Retail Sales Unexpectedly Flat in December

Apparel and accessories sales rose 1.1 percent from November.

Retail

US Retail Sales Unexpectedly Flat in December

Apparel and accessories sales rose 1.1 percent from November.


Retail

Mytheresa Parent Company Returns to Growth in Sales and Profits

LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.

Retail

Mytheresa Parent Company Returns to Growth in Sales and Profits

LuxExperience, which comprises the German luxury e-tailer and Yoox Net-a-Porter, logged increases in net sales and adjusted EBITDA after both fell in the previous quarter.


Sustainability

Climate Inaction Puts 34% of Fashion Industry Profits at Risk

The financial implications of global warming are becoming increasingly difficult for corporate executives to ignore.

Sustainability

Climate Inaction Puts 34% of Fashion Industry Profits at Risk

The financial implications of global warming are becoming increasingly difficult for corporate executives to ignore.


Beauty

Shiseido Expects Profit Rebound After Drunk Elephant Writedown

Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.

Beauty

Shiseido Expects Profit Rebound After Drunk Elephant Writedown

Shiseido Co. said it expects to return to operating profit this year after posting its first loss in decades in 2025 due to a writedown of the Drunk Elephant brand.


Direct-to-Consumer

Warby Parker Appoints New CFO

The eyewear maker on Monday announced that former Macy’s executive Adrian Mitchell joined the company as finance chief this month.

Direct-to-Consumer

Warby Parker Appoints New CFO

The eyewear maker on Monday announced that former Macy’s executive Adrian Mitchell joined the company as finance chief this month.


Retail

Eddie Bauer LLC Files Bankruptcy With Plans to Sell Stores

For the outerwear retailer’s third Chapter 11 filing, the plan is to sell as many as possible of its 175 stores, and liquidate the rest.

Retail

Eddie Bauer LLC Files Bankruptcy With Plans to Sell Stores

For the outerwear retailer’s third Chapter 11 filing, the plan is to sell as many as possible of its 175 stores, and liquidate the rest.


Sports

Nike Braces Converse Employees for Job Cuts as Shoe Sales Plunge

The Chuck Taylor maker’s sales plummeted 30 percent in the latest quarter.

Sports

Nike Braces Converse Employees for Job Cuts as Shoe Sales Plunge

The Chuck Taylor maker’s sales plummeted 30 percent in the latest quarter.


Luxury

Arnault Appoints Son Antoine to LVMH Executive Committee

The committee is now composed of 14 members who typically run the different divisions or brands of LVMH. 

Luxury

Arnault Appoints Son Antoine to LVMH Executive Committee

The committee is now composed of 14 members who typically run the different divisions or brands of LVMH. 


Beauty

LVMH Names Véronique Courtois Head of Beauty Division

Currently chief executive of Parfums Christian Dior, Courtois will oversee LVMH’s entire beauty stable, including Guerlain, Fenty and Benefit Cosmetics.

Beauty

LVMH Names Véronique Courtois Head of Beauty Division

Currently chief executive of Parfums Christian Dior, Courtois will oversee LVMH’s entire beauty stable, including Guerlain, Fenty and Benefit Cosmetics.


Sports

Bad Bunny Turns Super Bowl Halftime Into Puerto Rican Love Letter

Wearing a cream-coloured Zara suit and his new Adidas signature sneaker, the BadBo 1.0, the Puerto-Rican singer delivered a vibrant homage to his home.

Sports

Bad Bunny Turns Super Bowl Halftime Into Puerto Rican Love Letter

Wearing a cream-coloured Zara suit and his new Adidas signature sneaker, the BadBo 1.0, the Puerto-Rican singer delivered a vibrant homage to his home.


Sports

Under Armour Lifts Annual Forecasts as Turnaround Slows

CEO Kevin Plank has ramped up cost cuts, simplified product mix and rolled out new apparel and footwear styles since returning to the helm ⁠in April 2024.

Sports

Under Armour Lifts Annual Forecasts as Turnaround Slows

CEO Kevin Plank has ramped up cost cuts, simplified product mix and rolled out new apparel and footwear styles since returning to the helm ⁠in April 2024.