Author: Reuters
Macy’s had attempted to roll back the National Labor Relations Board’s ability to order a company to compensate fired employees.
British prime minister Keir Starmer said on Monday he would ban social media sites for under-16s and impose restrictions on gaming and live-streaming platforms, in a fightback against big tech that goes further than any other country. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Super-rich clients remain undeterred from purchasing investment timepieces even while more middle class customers have stopped spending on luxury.
US sneaker brand New Balance’s India partner, Brandman Retail, plans to more than quintuple its store count by 2028 and introduce brands such as France’s Salomon, betting on rising demand for global labels, an executive said. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
A federal judge on Monday struck down a $100,000 fee US President Donald Trump imposed on new H-1B visas for highly skilled foreign workers, concluding that it constituted an unlawful tax Congress never authorised. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Britain’s competition regulator said on Monday it would begin formally reviewing eBay’s planned acquisition of Gen Z-focused fashion resale platform Depop after ending the first part of its information gathering process. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Italian fashion house Prada `unveiled on Sunday the inner-layer garment set to be worn by NASA astronauts heading to the moon, underscoring the brand’s push to be the first major luxury player to make inroads in the space industry. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Macy’s raised its annual forecasts and posted its first quarterly sales growth in nearly four years on Wednesday, driven by strong demand for high-end apparel and accessories, particularly at its Bloomingdale’s stores. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Zara owner Inditex had a strong start to summer trading with currency-adjusted sales growth of 11.5 percent in May, beating analysts’ expectations, and said its sales grew 8.8 percent in currency-adjusted terms over its first quarter running from February to April. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.
Cosmetics retailer Ulta Beauty raised its annual profit forecast on Tuesday, betting that leaner inventory-related losses and resilient demand for high-priced merchandise will help counter rising costs tied to store expansion and marketing. Please sign in to ensure you can read our agenda-setting intelligence, analysis and advice. Or get in touch at support@businessoffashion.com if you experience difficulties.