ByteDance aims to more than quadruple the size of the platform's global e-commerce business to as much as $20 billion in merchandise sales this year, banking on rapid growth in Southeast Asia.
Rent the Runway Inc. said demand for workwear has been surging as more subscribers are going to the office more regularly, underpinning stronger-than-expected revenue growth in the most recent quarter.
Neiman Marcus’s third-quarter earnings declined as the retailer was forced to offer more promotions to contend with weaker demand for luxury goods, according to people with knowledge of the closely held firm’s financial results.
Telfar said Wednesday that next week’s Bag Security Program drop would be its last.
Inditex SA, which owns the Zara clothing chain, is considering setting up a vehicle to invest in startups and technologies that it hopes could help green its business, according to people familiar with the matter.
Prada and Ermenegildo Zegna on Tuesday said they have acquired a minority stake in Luigi Fedeli e Figlio, highlighting the importance of high-quality knitwear in the luxury segment.
London-based designer Grace Wales Bonner has won this year’s British Fashion Council/GQ Designer Fashion Fund, the BFC said Wednesday.
The online personalized styling service firm said on Tuesday it would explore exiting the UK market in its fiscal year 2024, blaming a weakening macro environment and increasing costs.