Fashion brands with ultra-fast product turnover such as China’s Shein should be subject to penalties of up to 50 percent of their garments’ selling price …
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Gap Sees Weak Annual Sales as Inflation-Hit Consumers Rein in Spending
Gap Inc on Thursday forecast full-year sales below Wall Street estimates, signaling a slowdown in demand as inflation-weary consumers curb discretionary spending. Shares of the …
Boohoo Cuts Outlook as Consumers Rein In Spending
British online fashion retailer Boohoo on Wednesday warned on full year sales and profit, blaming the worsening macro-economic and consumer backdrop as it reported a …