Chinese brands outnumber foreign names among Singles Day best-sellers By Reuters Chinese consumers clutched their wallets tight in this year’s Singles Day and continued seeking relatively economical home brands over pricier expensive labels, as strict Covid-19 curbs and economic uncertainty…
Wolford: Ralf Polito to succeed Paul Kotrba as director of operations Translated by Cassidy STEPHENS Ralf Polito, aged 47 was appointed by the Wolford Ralf Polito – ETERNA – Eterna Ralf Polito succeeds Paul Kotrba, who stepped in as interim…
Poshmark Q3 exceeds expectations despite ‘tough’ consumer outlook Poshmark During the quarter, the company’s losses widened to $23.5 million, from a net loss of $6.9 million, in the prior-year quarter – Poshmark The Redwood City, California-based company said GMV for…
Poshmark acquired by South Korea’s Naver By Reuters South Korean tech firm Naver Corp said on Tuesday it agreed to a $1.6 billion deal to buy Poshmark The $1.6 billion includes consideration for Poshmark’s cash holdings, and the enterprise value…
From Indonesia to Korea, Paris hosts fashion from around the world Translated by Roberta HERRERA A unique shirt made from newspaper fabric hung next to another printed shirt, created using natural dyes from exotic leaves or flowers and eco-friendly printing…
JP Morgan is now Boohoo’s second-biggest shareholder JP Morgan has become the second-largest Boohoo The move means JPM is now the largest institutional investor in the group as T Rowe Price International cut its stake in boohoo to 5% from…
BasicNet VP Lorenzo Boglione talks strategy, economics and new projects for 2022 Translated by Cassidy STEPHENS The Italian group BasicNet will open its “Basic Village” on September 21 in Milan, during the fashion weekFashionNetwork.comK-WayKappaSupergaSebago Lorenzo Boglione – BasicNet FashionNetwork.com: Why…
Stitch Fix profits devastated by stunted U.S. retail spend Stitch Fix Stitch Fix The San Francisco-based company said net revenues for the fourth quarter ending July 30 decreased 16% year-over-year to $481.9 million, while active client numbers fell 9% to 3.8…
Frame launches second collection with Ritz Paris hotel The American fashion brand Frame Frame and Ritz Paris second collection One year after a first launch organized within the Parisian luxury hotel, and which had attracted some celebrities including Naomi Campbell…
U.S. retail sales unexpectedly rise, but inflation hampering spending By Reuters U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the…
