Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
pricing
Global Markets
With Chinese Discounts, Gucci Turns the Page on Frida Giannini
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise.
With Chinese Discounts, Gucci Turns the Page on Frida Giannini
Gucci is offering discounts of as much as 50 percent in China as the Italian fashion house seeks to clear out merchandise designed by its former creative director, prompting lines of Chinese shoppers to form since sunrise.
Global Markets
Jumei Drops as Online Advantages Fade on China Tariff Cut
Jumei International Holding Ltd. tumbled the most on record on concerns that China’s decision to cut taxes on imported consumer goods will reduce its pricing advantage.
Jumei Drops as Online Advantages Fade on China Tariff Cut
Jumei International Holding Ltd. tumbled the most on record on concerns that China’s decision to cut taxes on imported consumer goods will reduce its pricing advantage.
Financial Markets
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Burberry Sees Increased Uncertainty as Annual Profit Declines
Burberry Group Plc reported a 1 percent decline in annual earnings as the strength of sterling and decelerating sales in Hong Kong weighed on margins.
Financial Markets
A Pricing Conundrum
The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.
A Pricing Conundrum
The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.
China
The China Edit | Shang Xia, Chengdu, Burberry, Tourist Spending
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Shang Xia, Chengdu, Burberry, Tourist Spending
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
China
The China Edit | Price Drops, Burberry, LVMH, Macau
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Price Drops, Burberry, LVMH, Macau
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Luxury
Op-Ed | Price Drops Alone Won't Boost Luxury Sales in China
Chanel’s move to unify its global pricing is a step forwards, but it doesn’t tackle the real reasons many Chinese shoppers prefer to buy overseas, says Avery Booker.
Op-Ed | Price Drops Alone Won't Boost Luxury Sales in China
Chanel’s move to unify its global pricing is a step forwards, but it doesn’t tackle the real reasons many Chinese shoppers prefer to buy overseas, says Avery Booker.
Global Markets
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
Euro Falls Near $1, But European Luxury Goods Remain Pricey
Americans hunting for a bargain on a new Beemer, bottle of Chateau Margaux or Hermès handbag thanks to the sliding euro should put away their gold cards. European luxury goods sold in the U.S. still carry luxurious price tags.
China
Fashion Inflation is Unsustainable
As consumption slows and global pricing differences become more transparent, strategies that price luxury goods significantly higher in China are unsustainable.
Fashion Inflation is Unsustainable
As consumption slows and global pricing differences become more transparent, strategies that price luxury goods significantly higher in China are unsustainable.
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.