Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year
Black Friday kept the momentum going from the day before on Thanksgiving when online sales totaled $5.6 billion. Source link
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Apparel Retail
Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
Chinese low-cost retailer Temu, owned by Pinduoduo, is dominating app stores in Japan and South Korea, dethroning Shein after a
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Adidas shares climb after boost from Yeezy sales, guidance raise
Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter earnings, aided by sales of its Yeezy inventory. Source
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Levi’s Strauss CEO says his biggest mistake was not firing the wrong people fast enough
Levi’s CEO Charles Bergh brought what he called a once "broken" brand back into the limelight. Here's how he did
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Secondhand luxury watch prices slump to near two-year low after a pandemic run
Experts had warned that a bubble could burst along with cryptocurrency and other trendy pandemic booms. But the recent declines
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China’s Shein denies U.S. IPO rumors
Chinese fast fashion giant Shein denies a Reuters report that said it has filed for an initial public offering in
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Nike’s approach to solving the biggest problem for girls in sports
Girls are dropping out of sports at 'alarming rates' when they hit puberty, and Nike CEO John Donahoe says the
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Bonobos co-founder Andy Dunn returns as brand advisor after Walmart sale
Bonobos co-founder Andy Dunn has been tapped to be the retailer's brand advisor as the menswear company looks to return
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Lululemon shares surge after reporting 24% sales growth, raising full-year guidance
Lululemon reported healthy first quarter profits that beat Wall Street's estimates. Source link
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