Shopify Falls on Surprise Loss, Hit From Logistics Unit Sale
After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
Last week’s Arab Fashion Week Riyadh focused the world’s attention on Saudi Arabian design and the country’s push for women’s rights, but who are the real power brokers in this fashion market worth $15 billion?
The fashion industry is beginning to better understand and value Muslim consumers but there is a risk of alienating a diverse market by lumping them all together.
Female stewardesses on budget carriers such as Malaysia’s AirAsia and Firefly will have to wear headscarves when flying into the ultra-conservative Islamic region.
New retail developments in Jeddah and Mecca are evidence of the opportunity presented by increasing numbers of pilgrims travelling to Saudi Arabia.
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In the wake of the Brussels terror attacks and a suicide bombing in Istanbul, BoF investigates how ISIS ‘branded’ clothing helps to fuel the terror group’s death machine by leading sympathisers down the road to violent jihad.
Waikiki has built Turkey’s most successful fashion brand by selling styles that appeal to observant Muslims without alienating secular buyers.
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After rallying more than 120 percent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter.
The online fashion specialist said it had built up net debts of £95m in the year to the end of February – down from almost £6m of net cash a year before – after losses widened 76 percent to £160 million.
Levi notified a federal judge in Oakland, California on Tuesday that it was dismissing the case with prejudice, meaning it cannot be brought again. Settlement talks began shortly after Levi sued in January.
Demand for retro shoe styles such as 'terrace' has helped boost sales of sportswear brands like Puma and its rival Adidas at a time when the sector has been hit by weaker consumer demand and excess stocks.
Kenvue beat Wall Street estimates for first-quarter profit on Tuesday, and said it would cut 4% of its global workforce amid the Tylenol and Band-Aid maker’s efforts to expand its key brands.
Vhernier is small but Richemont has a history of turning small brands into success stories
The company has argued that the law will stifle free speech and hurt creators and small business owners who benefit economically from the platform.
‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.