Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Shanghai, China
Global Markets
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Second-Tier Cities Are Critical to Reviving Luxury Growth in China
Hubs like Nanjing and Changsha are drawing increased attention from brands such as Louis Vuitton and Burberry as middle-class consumers relocating from Beijing and Shanghai in search of higher quality of life take their appetite for luxury goods with them.
Retail
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Despite Tariffs, China Consumer Giants Push Into the US As Domestic Market Stalls
Brands like Urban Revivo and Pop Mart are expanding into the US retail market to seek higher margins and offset slower domestic spending.
Global Markets
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
China’s Singles’ Day Shopping Winds Down With ‘Muted’ Sentiment, Sales Expectations
The world’s largest shopping event failed to spark widespread excitement as ongoing consumer malaise tempered spending.
Luxury
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
Luxury Brands Turn On the Charm in China to Kindle Spending Recovery
Companies are shifting focus from rapid expansion to deeper engagement with wealthy consumers as they seek growth in the uncertain market.
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Global Markets
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Chinese Zara Rival Urban Revivo Steps Up Global Push With New Stores in Fashion Capitals
The fast-fashion retailer is expanding with new store openings in London, New York, and Hong Kong, aiming for 200 overseas locations within five years.
Retail
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Forever 21 Looks to Resurrect China, North America Businesses With New Partners
The fast-fashion brand is making its fourth attempt to re-enter the Chinese market, by localising operations and targeting young consumers, while also seeking a new partner for its North American relaunch.
Retail
Pop Mart CEO Says Labubu-Maker’s Revenue Could Hit Over $4 Billion This Year
The toy company saw its half-year profits soar nearly 400 percent, driven by overwhelming demand for its collectible toys like the Labubu doll.
Pop Mart CEO Says Labubu-Maker’s Revenue Could Hit Over $4 Billion This Year
The toy company saw its half-year profits soar nearly 400 percent, driven by overwhelming demand for its collectible toys like the Labubu doll.
Global Markets
In Shanghai, Fresh Energy Despite the Downturn
From Samuel Guì Yang to Ao Yes, Shanghai Fashion Week’s best shows were those with a modern take on Chinese dressing, reports Angelo Flaccavento.
In Shanghai, Fresh Energy Despite the Downturn
From Samuel Guì Yang to Ao Yes, Shanghai Fashion Week’s best shows were those with a modern take on Chinese dressing, reports Angelo Flaccavento.
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Luxury
Moncler Stages Mega-Scale ‘Genius’ Event in Shanghai
The Italian skiwear specialist showcased its latest round of celebrity and designer collaborations in a series of pavilions in Shanghai on Saturday as it aims to shrug off luxury sector malaise.
Moncler Stages Mega-Scale ‘Genius’ Event in Shanghai
The Italian skiwear specialist showcased its latest round of celebrity and designer collaborations in a series of pavilions in Shanghai on Saturday as it aims to shrug off luxury sector malaise.
China
Caution Prevails at Shanghai Fashion Week
At the latest edition of China’s top fashion week, brands adapted their designs for a more value-minded shopper as retail buyers prepared for a softer local market.
Caution Prevails at Shanghai Fashion Week
At the latest edition of China’s top fashion week, brands adapted their designs for a more value-minded shopper as retail buyers prepared for a softer local market.
Retail
H&M Closes Shanghai Flagship Store, Hurt by Lockdowns and Consumer Backlash
The world’s second-biggest fast-fashion retailer entered China in 2007 with the opening of the Shanghai flagship store and rapidly expanded. It had more than 500 stores in mainland China early last year but its website currently only lists 376, including the flagship Shanghai store.
H&M Closes Shanghai Flagship Store, Hurt by Lockdowns and Consumer Backlash
The world’s second-biggest fast-fashion retailer entered China in 2007 with the opening of the Shanghai flagship store and rapidly expanded. It had more than 500 stores in mainland China early last year but its website currently only lists 376, including the flagship Shanghai store.
China
Shanghai’s Fashion Stores Struggle to Clear Lockdown Stock Hangover
Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port.
Shanghai’s Fashion Stores Struggle to Clear Lockdown Stock Hangover
Curbs to stop the virus in Shanghai, China’s fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
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.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
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.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
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.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
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.