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JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com beats revenue estimates but CEO cautious over Covid outbreaks

JD.com Inc beat estimates for quarterly revenue as more people shopped on its platform following Covid lockdowns in China, but its CEO was cautious on the outlook due to logistical disruptions and sluggish consumption. 
Fashion
Shopee-owner Sea posts upbeat results on e-commerce strength

Shopee-owner Sea posts upbeat results on e-commerce strength

Singapore-based Sea Ltd on Tuesday beat quarterly sales estimates and posted a smaller-than-expected quarterly loss, driven by strength in its core e-commerce as well as digital payments business.
Fashion
Kohl's loses two senior executives as it looks for a buyer

Kohl's loses two senior executives as it looks for a buyer

Kohl's Corp said on Wednesday two of its senior executives are stepping down from their roles, as the U.S. department store chain hunts for a buyer amid pressure from activist investors to sell itself.
Fashion
Under Armour CEO Patrik Frisk to exit

Under Armour CEO Patrik Frisk to exit

Under Armour Inc. announced on Wednesday that Patrik Frisk will step down as president and chief executive officer and as a member of the board of directors, effective June 1, 2022. 
Fashion
Nike talent, diversity and culture chief to leave

Nike talent, diversity and culture chief to leave

Nike is streamlining its diversity and inclusion management function, with the news that Felicia Mayo, the U.S. sportswear giant's chief talent, diversity and culture officer, will reportedly exit her post this July. 
Fashion
Miami Fashion Week returns, Missoni to headline

Miami Fashion Week returns, Missoni to headline

Miami Fashion Week announced on Wednesday its return to the runway circuit this month, after taking a two-year break due to the Covid-19 pandemic that saw many in-person fashion events cancelled in the last 24 months.
Fashion
Hirestreet and My Wardrobe HQ announce new brands on their platforms

Hirestreet and My Wardrobe HQ announce new brands on their platforms

​Rental platforms are continuing to expand their branded offers with Hirestreet saying this week that it has added Miss Pap and Little Mistress to its line-up in time for summer events season.
Fashion
Pure London announces theme, unveils speakers

Pure London announces theme, unveils speakers

The latest edition of UK trade fashion show Pure London will be all about ‘Empowering Change’ as the event returns to the post-pandemic schedule across 17-19 July at Olympia London.
Fashion
Castore launches new collection in England cricket link-up

Castore launches new collection in England cricket link-up

​With the cricket season firmly under way, the partnership between the England Cricket Board (ECB) and premium sportswear brand Castore goes from strength to strength.
Fashion
UK's hot property sector sees British Land return to profit

UK's hot property sector sees British Land return to profit

​British Land became the second UK property giant in two days to report that the sector’s post-pandemic trading is thriving again, delivering “a strong performance across all parts of our business” for the year.
Fashion
Coats Group opens new trading year with sales 20% ahead

Coats Group opens new trading year with sales 20% ahead

Threads giant Coats Group said Wednesday it's enjoying “strong sales momentum” in the first four months of the new trading year, with group sales growing 20% year-on-year.
Fashion
T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

T.J. Maxx parent sees upbeat profit as price hikes counter higher costs

Discount store operator TJX Cos Inc on Wednesday forecast annual profit above Wall Street estimates after posting upbeat quarterly earnings, as price increases help the T.J. Maxx parent counter a hit from rising costs.
Fashion
Target warns of margin hit as rising costs dent profit, shares slump 26%

Target warns of margin hit as rising costs dent profit, shares slump 26%

Target Corp's quarterly profit halved and it warned on Wednesday of a bigger margin hit this year due to rising fuel and freight costs, in a clear sign there would be no immediate relief from surging inflation.
Fashion
British brand Pip & Henry aims to create expandable shoes

British brand Pip & Henry aims to create expandable shoes

UK-based Pip & Henry is currently working on an expandable shoe system. The project, which has just received a £250,000 boost, aims to reduce the waste inherent in children's fashion.
Fashion
UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

UK inflation hits 40-year high of 9%, could derail fashion and beauty recovery

British inflation surged last month to its highest annual rate since 1982, piling pressure on finance minister Rishi Sunak to step up his help for households facing a worsening cost-of-living crisis.
Fashion
Private equity firm buys luxe retailer Hervia, has big growth plans

Private equity firm buys luxe retailer Hervia, has big growth plans

​Luxury retailer Hervia has been acquired by Parabellum — the private equity operation controlled by Rami Cassis — for an undisclosed sum, marking its first move outside of B2B investments and into luxe fashion.
Fashion