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.
stock-markets
Latest News & Analysis
Luxury
Will the Kering Hope Trade Hold Up?
In this week’s High Margin newsletter: Kering shares pop off again as its sales decline slows — despite a lack of clarity on Gucci’s next steps.
Will the Kering Hope Trade Hold Up?
In this week’s High Margin newsletter: Kering shares pop off again as its sales decline slows — despite a lack of clarity on Gucci’s next steps.
Beauty
Estée Lauder Is Having Some Trouble at Home
International sales at brands like La Mer and Le Labo are improving, but the cosmetics conglomerate is still struggling to connect with American consumers.
Estée Lauder Is Having Some Trouble at Home
International sales at brands like La Mer and Le Labo are improving, but the cosmetics conglomerate is still struggling to connect with American consumers.
Retail
Klarna Shares Climb 30% in Trading Debut After $1.37 Billion IPO
The company’s shares opened at $52 each in New York, above the IPO price of $40 apiece.
Klarna Shares Climb 30% in Trading Debut After $1.37 Billion IPO
The company’s shares opened at $52 each in New York, above the IPO price of $40 apiece.
Retail
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
Have Trump’s Tariffs Finally Put an End to Crocs’ 19-Year Reign?
The plastic clog maker’s share price is down nearly 30 percent — its lowest level for three years — and revenues are expected to drop by at least 9 percent in the current quarter.
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Retail
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
This Week: How Far Does the Power of Brand Go?
On Running and Tapestry report earnings this week amid rising inflation and cautious consumers. Following strong performances from Ralph Lauren and E.l.f. Beauty, these results will continue to test whether brand power is a match for economic uncertainty.
Marketing
The Rise of ‘Ugly-Cute’ Labubu Dolls, in Four Charts
The craze over Pop Mart’s toys speaks to a desire for escapism and customisation during increasingly uncertain economic times — but their popularity may be fleeting.
The Rise of ‘Ugly-Cute’ Labubu Dolls, in Four Charts
The craze over Pop Mart’s toys speaks to a desire for escapism and customisation during increasingly uncertain economic times — but their popularity may be fleeting.
Retail
Kohl’s Skyrockets as Stock Becomes Traders’ Latest Meme Darling
The retailer’s stock price soared 38 percent to close at $14.34 after a wild day of trading that saw the shares more than double at an intraday peak.
Kohl’s Skyrockets as Stock Becomes Traders’ Latest Meme Darling
The retailer’s stock price soared 38 percent to close at $14.34 after a wild day of trading that saw the shares more than double at an intraday peak.
Retail
Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China
The US will temporarily impose a universal 10 percent tariff instead of the higher levies announced last week, but duties on China will climb to 125 percent.
Fashion Stocks Soar After Trump Pauses Tariffs on All Countries But China
The US will temporarily impose a universal 10 percent tariff instead of the higher levies announced last week, but duties on China will climb to 125 percent.
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Luxury
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
Retail
Trump’s Tariffs Rock Fashion’s Supply Chain
Some of the most severe import duties announced Wednesday were aimed at apparel manufacturing hubs.
Trump’s Tariffs Rock Fashion’s Supply Chain
Some of the most severe import duties announced Wednesday were aimed at apparel manufacturing hubs.
Retail
How Retailers Are Bracing for a Potentially Grim Year
Facing uncertainty around tariffs and fears of a potential recession, the strongest and weakest fashion companies alike have issued a cautious outlook for 2025. Even so, low consumer confidence does not guarantee a pullback from spending. For the savviest players, there is still room for growth.
How Retailers Are Bracing for a Potentially Grim Year
Facing uncertainty around tariffs and fears of a potential recession, the strongest and weakest fashion companies alike have issued a cautious outlook for 2025. Even so, low consumer confidence does not guarantee a pullback from spending. For the savviest players, there is still room for growth.
Luxury
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
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.