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The Business of Fashion
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- 1Shein quarterly profit plunges 67% on rising costs and weak Europe sales●Shein quarterly profit falls 67% as costs jump, Europe sales slump
Fast-fashion giant Shein reported a 67% drop in quarterly profit, hurt by sharply higher costs and a slump in sales across Europe. The results add pressure on the retailer as it faces growing regulatory scrutiny in Europe and intensifying competition from rivals like Temu, raising questions about the durability of its ultra-cheap, rapid-turnaround business model.
- 2Shein shares hit record low as profit slides▼Shares of fast-fashion's Shein plunge 14% to record low after profit slides
Shein's shares plunged 14% to a record low after the fast-fashion giant reported a drop in profit. The decline deepens pressure on the retailer, which has faced rising scrutiny over its business model and regulatory hurdles as it pursues a long-awaited stock market listing. Investors reacted sharply to the weakening financial performance, sending the company's valuation to its lowest level on record.
- 3Shein profits fall by two-thirds in first public earnings●Shein’s profits fall by two-thirds in first earnings report as a public company
Shein has reported its first results as a public company, revealing that profits fell by roughly two-thirds. The decline in the fast-fashion retailer's earnings is drawing attention to pressures on its business model, including scrutiny over tariffs, competition and its much-anticipated listing. Analysts and investors are weighing what the sharp drop means for the company's valuation and growth prospects going forward.
- 4Shein shares drop as quarterly profit slides 67%▼Shares of fast-fashion platform Shein fall 4% after quarterly profit slides 67%
Shein's quarterly profit fell 67%, sending shares down 4%. The sharp earnings decline for the fast-fashion retailer is drawing attention as investors and industry watchers weigh what it signals about the company's business ahead of its long-mooted stock market listing.
- 5
Fast-fashion retailer Shein returned to profit in the second quarter, according to a Reuters report. The turnaround marks a recovery for the online retailer after a period of losses, and comes as the company prepares for a potential stock market listing while facing scrutiny over labour practices and environmental impact. Investors and industry watchers will be looking for details on margins, sales growth and how new import tariff rules are affecting its low-price business model.
- 6Shein slides as Europe sales and profit suffer●Fast fashion retailer Shein slides as Europe sales and profit suffer (SHEIN:Private)
Fast fashion giant Shein is facing a downturn in its European business, with sales and profits both taking a hit. The company, known for its ultra-cheap online clothing, is reportedly struggling in one of its key markets. Details on the scale of the decline and the company's response remain limited, but the news adds to pressure on the retailer as it weighs a potential public listing.
- 7Milan exhibition charts Armani's evolution a year after founder's death▼Armani's business and creative evolution on show in Milan a year after founder's death
A year after Giorgio Armani's death, Milan is showcasing the fashion house's business and creative evolution. The presentation highlights how the brand has developed its identity and operations since the passing of its founder, underlining his lasting influence on Italian fashion and the company's future direction.
- 8
Paris Fashion Week is under way in the French capital, drawing intense excitement from designers, buyers and audiences alongside underlying tension across the industry. Coverage from fashion business media highlights the contrast between the fervour of the shows and strains within the sector, though no specific designers or incidents are detailed in the current reports.
- 9Zalando Partner Day Puts AI's Role in Online Fashion in Focus▼The Big Topic at Zalando’s ‘Partner Day’: What AI Can — and Can’t — Do for Online Fashion
Zalando's Partner Day event centered on artificial intelligence in online fashion, examining both the opportunities and the limits of the technology for e-commerce. Discussions reportedly covered what AI can and cannot do for the fashion retail business, drawing attention from industry watchers tracking how major European platforms adopt AI tools.
- 1017-year-old fashion retailer to close all its stores▼17-year-old fashion retailer closing all stores
A fashion retailer founded 17 years ago is shutting down all of its stores, according to a report by TheStreet. The closure marks the end of a young brand that had built its business around physical retail locations. Details on the number of stores affected, the reasons behind the decision, and the impact on employees have not yet been disclosed.
- 11Nigerian entrepreneur built $200 jewellery startup into 60-million-viewer TV brand▼Meet Seyi Banigbe, the entrepreneur who grew a $200 jewellery startup and now reaches 60 million TV viewers
Seyi Banigbe, a Nigerian entrepreneur, started a jewellery business with just $200 and has since expanded into television, where her work now reaches an estimated 60 million viewers. Her story of turning a small startup into a multimedia brand is drawing attention as an example of how African entrepreneurs can scale modest beginnings into mass-market businesses across fashion and media.
- 12Burton at 50 turns to streetwear and China●Burton at 50: The snowboard icon sets its sights on streetwear and China
Snowboard brand Burton marks its 50th anniversary with plans to expand beyond snow sports into streetwear and the Chinese market. The Vermont-based company, long an icon of snowboarding culture, is seeking new growth as it positions its style-driven apparel for a broader lifestyle audience in Asia.
- 13
The fashion industry's wave of designer reshuffles at major luxury houses has delivered only partial success, according to Business of Fashion. While some new creative directors have revived brand momentum and commercial interest, others have struggled to move the needle, leaving the industry assessing whether the costly game of musical chairs was worth it.
- 14New York Magazine Launches First Standalone Men's Style Issue▼Inside New York Magazine’s First Standalone Men’s Style Issue
New York Magazine has published its first standalone men's style issue, a dedicated edition focused on menswear and male fashion culture. The move was reported by The Business of Fashion, which took readers inside the making of the issue. It signals growing publisher interest in menswear as a distinct editorial and commercial category, and the launch is drawing attention across the fashion industry.
- 15Evereve hires Target executive Alanna Baker to lead digital▼Business People: Evereve hires Target exec Alanna Baker to lead digital
Minnesota-based women's fashion retailer Evereve has hired Alanna Baker, an executive from retail giant Target, to lead its digital operations. The appointment is part of the company's business staffing news circulating in regional retail circles, signaling Evereve's investment in strengthening its e-commerce and digital strategy by drawing talent from a major national retailer.
- 16Wave of new retail stores heading to Jacksonville area●Fitness centers, face bars, fast fashion and food centers among retail stores on the way to the Jacksonville area
A range of new retail businesses is on the way to the Jacksonville area, including fitness centers, face bars, fast fashion retailers and food halls or food centers. The report highlights continued retail expansion in the Florida city, with openings expected across multiple shopping and lifestyle categories in the coming months.
- 17
Shein reported earnings that fell short of expectations, and the company's stock declined following the announcement. The fast-fashion retailer's weaker-than-expected results are drawing attention from investors and business media, raising questions about the company's growth trajectory and profitability ahead of a widely anticipated potential public listing.
- 18Olsen Twins' Spotify Playlists Offer Rare Glimpse Into The Row●Mary-Kate and Ashley Olsen Built The Row Into a $1 Billion Label by Keeping It Private. Their Spotify Playlists Are the Rare Window In.
Mary-Kate and Ashley Olsen have built their fashion label The Row into a roughly $1 billion business while keeping their personal lives and brand strictly private. Observer highlights their Spotify playlists as one of the few public windows into their tastes, drawing fresh interest in the reclusive designers and the deliberately low-profile luxury house they run.