Chinese online marketplace Temu and fast-fashion retailer Shein, two of the biggest advertisers on US social media, are sharply cutting their US digital ad spending, …
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Luxury Labels Slash Prices 50% to Lure Wary Chinese Shoppers
Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull back …
Retailers Slash Prices on More Nike Sneakers in 2024, Data Shows
Retailers slashed prices on twice as many Nike sneakers in 2024 than two years earlier, endangering the sportswear giant’s typically strong pricing power at a …
Macy’s to Slash 2,350 Jobs, Close Stores in Streamlining Effort
US department store chain Macy’s is cutting 2,350 jobs and closing five stores, as it aims to streamline its operations, a company spokesperson told Reuters …
Sofia Vergara’s Victoria Beckham Asymmetric Slash Jersey Dress
Who: Sofia Vergara’s Victoria Beckham Asymmetric Slash Jersey Dress Shop: Bergdorf Goodman Where: Opening Reception For Sami Hayek’s Show: FREQUENCY Turn on your JavaScript to …
Shoppers Are Cutting Back on Clothing, Forcing US Retailers to Slash Prices
Inflation-weary shoppers are cutting back sharply on clothing purchases, prompting US retailers to slash prices in order to clear inventory off the racks. Earlier this month, executives …