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Apparel Retail

Adidas shares climb after earnings powered by Yeezy inventory sales

by Adrian Jhonsan
Adidas shares climb after earnings powered by Yeezy inventory sales

Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023. Scott Olson | Getty Images Adidas on Tuesday hiked its full-year guidance and posted stronger-than-expected third-quarter …

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How often should you wash your jeans? Levi’s CEO settles debate

by Adrian Jhonsan
How often should you wash your jeans? Levi’s CEO settles debate

For most pieces of clothing, it’s clear they should be washed after a few wears. But jeans can be more divisive, with some even saying to never wash them. And …

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Categories World

Consumers buckling for first time in decade: Former Walmart U.S. CEO

by Adrian Jhonsan
Consumers buckling for first time in decade: Former Walmart U.S. CEO

The draw of bargains may be fading. As three of the nation’s biggest retailers kick off a key sales week, former Walmart U.S. CEO Bill Simon warns consumers are starting …

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TikTok halts e-commerce service in Indonesia following ban

by Ev Richard
TikTok halts e-commerce service in Indonesia following ban

A merchant sells crystal ornaments via a live TikTok broadcast. CFOTO | Future Publishing | Getty Images TikTok Indonesia said it will end transactions on its e-commerce marketplace by Thursday, …

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Categories Technology

Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations

by Adrian Jhonsan
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations

World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images Billionaire LVMH CEO …

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My biggest mistake was not firing wrong people fast enough

by Adrian Jhonsan
My biggest mistake was not firing wrong people fast enough

Pedestrians walk past a Levi’s store in Midtown Manhattan. Sopa Images | Lightrocket | Getty Images The CEO of the world’s most famous denim jeans company said he knew from …

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Carousell says on track to profitability, set to reduce losses in 2023

by Ev Richard
Carousell says on track to profitability, set to reduce losses in 2023

Secondhand goods marketplace Carousell expects to “healthily” reduce its losses this year, putting it on track to profitability, the firm’s CEO told CNBC. “This year, we continue to expect revenue …

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Categories Technology

Lululemon (LULU) earnings Q2 2023

by Adrian Jhonsan
Lululemon (LULU) earnings Q2 2023

A customer enters a Lululemon store on June 02, 2023 in Corte Madera, California. Justin Sullivan | Getty Images Lululemon raised its full-year guidance Thursday after reporting an 18% jump …

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Fanatics-backed Mitchell & Ness hires Nike executive as CEO

by Ev Richard
Fanatics-backed Mitchell & Ness hires Nike executive as CEO

Mitchell & Ness was founded in 1904 in Philadelphia, Pennsylvania. Source: Fanatics Mitchell & Ness, the lifestyle clothing brand known for its throwback and vintage jerseys and apparel that was …

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Categories Technology

Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer

by Adrian Jhonsan
Watches of Switzerland shares plunge by a quarter after Rolex buys retailer Bucherer

A tray of Rolex watches are seen on a dealer’s stand at the London Watch Show on March 19, 2022 in London, England. Leon Neal | Getty Images The Watches …

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