Levi’s Faces Mixed Reactions Amidst Sales Underperformance and DTC Pivot
Levi's has faced mixed reactions from analysts after posting strong margins and profits but disappointing sales, according to Wells...
China
Adidas Shifts Away from Chinese Sourcing for US Products
Adidas CEO Bjørn Gulden announced during an earnings call that the company has stopped sourcing U.S. goods from China...
Walmart Expands Services with Ocean Shipping Network for Marketplace Sellers
In a bid to redefine shopping experiences and boost revenue, Aptos ONE offers modern POS solutions for customer-obsessed brands....
Gen Z and Millennials Fuel Sam’s Club Growth with Digital Experience
Sam's Club is experiencing its highest growth rates from Gen Z and millennials, with membership increasing by 63% and...
L’Occitane Sales Reach €2.5bn Amidst Growth and Investments
L'Occitane International reports a 19.1% increase in net sales, reaching €2.5bn ($2.1bn), driven by strong performances from Sol de...
Adidas Investigates Corruption Allegations in China
Adidas is currently investigating allegations of widespread bribery in China following a whistleblower complaint accusing senior staff of embezzling...
Financial Updates: Superdry’s Rescue Plan, YNAP Exits China, and Retail Changes
Superdry shareholders approve a restructuring plan to save the company from financial troubles, involving a £10m equity raise and...
Shein Accelerates London IPO Preparations
Lead: Shein, the fast-fashion giant, is pivoting towards a London IPO after facing obstacles in its New York listing,...
Mattel to Close Supplier Plant in China as Part of Diversification Strategy
Lead: Mattel is shaking up its production strategy by closing a major supplier plant in China to diversify its...
Hugo Boss Q1 Sales Increase by 6%
**Lead:** Hugo Boss reports a 6% surge in sales, reaching €1.01bn for the first quarter of 2024, showcasing a...