Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
Progress stalled after Shein demanded that local suppliers lower prices and deliver orders faster than they could manage, Reuters reported.
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
The store in São Paulo, Brazil, will serve as the launchpad for the brand’s regional expansion.
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
Online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.85 million) in Brazil in the coming years to establish a network with thousands of textile manufacturers in the country.
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Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
Cosmetics maker Natura & Co. shelved a plan to switch its primary stock listing to the US from Brazil, as the war in Ukraine and the prospect of surging rates bring wild swings in global equity markets.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
With annual sales of $7 billion, an aggressive digital strategy and a slew of recent acquisitions, Magazine Luiza is determined to conquer the fashion category.
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
The Brazilian Textile and Apparel Industry Association (ABIT) closed its 5th International Congress Friday, with this edition focused on “Transition
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
Brazilian mall conglomerate Iguatemi Group has appointed Cristina Betts, its vice president of finance, as its new chief executive, effective Jan. 1, 2022.
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One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
One of the largest retailers in South America, Santiago-based Cencosud, has filed for an initial public offering (IPO) on the Brazilian stock exchange for its Brazilian operations, aiming to raise around 1.5 billion reais ($288 million).
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
The Brazilian cosmetics company is on track to meet its 2023 revenue goals as its performance received a boost.
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
After postponing its IPO at the end of April, digital outlet Privalia announced it may resume its plan to go public, this time via a restricted offering on the B3 exchange in São Paulo.
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
The Brazilian footwear and accessories conglomerate purchased BAW, a digitally-native streetwear brand, for 105 million Brazilian reais ($20.5 million) last Friday.
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.
Melissa Sperau, formerly of Shiseido, will join the US prestige cosmetics maker effective March 6.