Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
Indonesia
Global Markets
Indonesia, EU Seal Trade Deal, Hope to Offset Trump Tariffs
The agreement is expected to boost Indonesia’s exports to Europe of products like textiles, clothing and widely-used beauty ingredient palm oil.
Indonesia, EU Seal Trade Deal, Hope to Offset Trump Tariffs
The agreement is expected to boost Indonesia’s exports to Europe of products like textiles, clothing and widely-used beauty ingredient palm oil.
Global Markets
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Indonesian E-Commerce Firm Bukalapak Files for IPO
The Jakarta-based unicorn plans to list on the Indonesia Stock Exchange as early as August, a person with the knowledge of the matter told Tech in
Global Markets
Alibaba, SoftBank Bet On Indonesia’s New Super-App
The Chinese retail giant and Japanese telecoms and investment conglomerate have become the two biggest shareholders in the newly formed GoTo Group,
Alibaba, SoftBank Bet On Indonesia’s New Super-App
The Chinese retail giant and Japanese telecoms and investment conglomerate have become the two biggest shareholders in the newly formed GoTo Group,
Global Markets
TikTok Enters Indonesia’s E-Commerce Fray
To kick off Ramadan, Gen Z’s favourite social media app unveiled its new TikTok Shop vertical in Indonesia last month, in a challenge to local giants
TikTok Enters Indonesia’s E-Commerce Fray
To kick off Ramadan, Gen Z’s favourite social media app unveiled its new TikTok Shop vertical in Indonesia last month, in a challenge to local giants
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Global Markets
Shopee Boasts Highest Annual Visitor Count In Indonesian E-Commerce
The Singapore-based e-tailer, which is also active in markets like Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines and Brazil, raked
Shopee Boasts Highest Annual Visitor Count In Indonesian E-Commerce
The Singapore-based e-tailer, which is also active in markets like Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines and Brazil, raked
Global Markets
Report: Indonesian Tech Giants Tokopedia and Gojek Eye Merger and IPO
The country’s top e-commerce platform Tokopedia is in talks to join forces with ride hailing and mobile payments giant Gojek with a view to a future
Report: Indonesian Tech Giants Tokopedia and Gojek Eye Merger and IPO
The country’s top e-commerce platform Tokopedia is in talks to join forces with ride hailing and mobile payments giant Gojek with a view to a future
Global Markets
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Want to Reach 170 Million Asian Consumers? Get This App.
Gojek is ingrained in the consumer psyche across Southeast Asia. With recent investment from Facebook the ‘super-app’ is now valued at $10 billion and poised to boost e-commerce in the region.
Sustainability
Could Coronavirus Spark a Sustainable Fashion Awakening?
Lockdown teaches us that beyond our basic needs for clean air and water, wholesome food and the company of loved ones, so much of our everyday consumption is excessive and greedy, writes Bandana Tewari.
Could Coronavirus Spark a Sustainable Fashion Awakening?
Lockdown teaches us that beyond our basic needs for clean air and water, wholesome food and the company of loved ones, so much of our everyday consumption is excessive and greedy, writes Bandana Tewari.
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Global Markets
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Jakarta Bans Plastic Bags From Shopping Malls
Retailers in the Indonesian capital will be required to provide eco-friendly carrier bags or potentially face fines between $360 and $1,800.
Financial Markets
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
E-Commerce Platform Tokopedia Reportedly Set to Raise up to $1.5 Billion
The Jakarta-based company, backed by SoftBank and Alibaba, is looking to US internet companies and existing investors for a pre-IPO funding round, according to sources.
Global Markets
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
As Fashion Giants Eye Exit From China, One Indonesian Supplier Makes Gains
Sri Rejeki Isman PT, which makes apparel for J.C. Penney Walmart and H&M, is fielding calls from other brands looking to diversify their suppliers amid the ongoing US-China trade war.
News & Analysis
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
Indonesia's Aceh Orders Muslim Stewardesses to Wear Headscarves
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
The News in Brief
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.
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.