Alibaba beats quarterly revenue estimates as Covid curbs ease By Reuters Alibaba The e-commerce giant has weathered a weak economy in China, which only lifted its three-year zero-COVID policy in December. Revenue rose 2% to 247.76 billion yuan ($35.92 billion)…
Kontoor Brands finishes 2022 strong with Q4 earnings, sales uptick Kontoor Brands announced on Tuesday a strong finish in 2022, with fourth-quarter sales and earnings lifting on the back of surging U.S. sales and gains in the company’s Wrangler The…
Columbia posts record Q4, annual sales on strong namesake brand growth Columbia Courtesy The Portland, Oregon-based company said quarterly net sales increased 4% (8% constant-currency) to $1.7 billion from $1.1billion for the comparable period in 2021. Net income, however, decreased 20% to…
Meta to wind down NFTs on platforms amid crypto bust By Reuters API Meta Platforms Inc is cutting off support for digital collectibles or non-fungible tokens (NFTs) on its platforms less than a year after rolling it out, as the…
Shein names new VP, global brand operations Chinese fast-fashion company Shein Jessica Liu – Shein In a post via LinkedIn, Shein said Liu will be ” responsible for global brand partnerships.” Liu comes to the role from Southeast Asian e-commerce giant…
U.S. retailers’ ocean shipping price woes ending, but new delays threaten By Reuters Collapsing ocean shipping rates could seem to be good news for U.S. retailers, but they are now bracing for delays as some carriers try to prop up…
Francesca’s launches resale program ‘Forever Francesca’s’ Specialty retailer Francesca’s announced on Tuesday the launch of a new 360-resale program. Francesca’s launches resale program. – Francesca’s Dubbed ‘Forever Francesca’s’, the platform is powered by ThredUp, one of the largest online resale…
Revolve launches footwear collection with Jennifer Lopez Lifestyle brand RevolveJennifer Lopez Revolve launches footwear collection with Jennifer Lopez. – Revolve Dubbed the ‘JLO Jennifer Lopez’s collection for Revolve’, the 16-piece collection features sculptural heels including a variety of sky-high platforms,…
American Eagle launches resale shop with ThredUp American Eagle Outfitters American Eagle launches resale shop with ThredUp. – American Eagle Dubbed ‘RE/AE’, the online store is home to exclusive vintage American Eagle clothing, curated by the brand. Now open at…
Stetson opens Seven Dials UK flagship Heritage American hat brand Stetson has opened its previously-flagged first UK store in London, with the new location becoming a “significant milestone” for the famous label. Stetson The 1,165 sq ft store is on…
