Asos Says It Will Take ‘Necessary Actions’ After 18% Drop in Sales
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
This week, the popularity of natural beauty is attributed to the rising fear of chemicals, while Revolve sold a sweatshirt with a controversial quote.
This week, London Fashion Week is the first of the main global fashion events to ditch fur, while the beauty industry is only at the beginning of its road to diversity.
This week, Nike's new brand face is a polarising figure, while brands pay influencers thousands of dollars to bash competitors.
This week, luxury brands destroy unsold goods due to a drop in Chinese demand, while streetwear remains to be a boy's club, especially for women of colour.
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This week, the codes of the modelling industry are changing in the #MeToo world, while Nike receives criticism over selling a balaclava that customers said looks 'menacing.'
This week, a designer protests Denmark's burka ban on the runway, while women file a gender pay discrimination lawsuit against Nike.
This week, a glut of big name magazines have chosen black women to front their September issues, while a German retailers' alliance formed to improve working conditions in Asian factories is crumbling.
This week, a glut of big name magazines have chosen black women to front their September issues, while a German retailers' alliance formed to improve working conditions in Asian factories is crumbling.
This week, a new report suggests the fashion industry is the world's second-largest contributor to modern slavery, while consumer trends are causing catastrophic damages for the environment.
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This week, body-positive messaging does not resonate in Chinese influencer circles, while Ivanka Trump's handbags will likely be hit by the new tariffs on China.
This week, ASOS designs clothes with disabled customers in mind, while Feminist Apparel chief executive fires his staff after admitting to sexual misconduct.
This week, anti-pollution skincare is said to be unaffordable to those who need it most, while ASOS launches a sustainability training programme for designers.
This week, high-street retailers are accused of ignoring abuses at a large Indian supplier, while a new report suggests the beauty industry uses concerning products in its supply chain.
Asos has said it will take “necessary actions” to transform its fortunes after the fast fashion retailer’s first-half losses widened and sales fell by nearly a fifth.
The effort to force TikTok’s Chinese parent company ByteDance Ltd to divest its ownership of the social media platform would quickly become law under a plan outlined Wednesday by House Speaker Mike Johnson.
The French publisher has appointed Tunis-based firm Nissa Editions Group as the local licensing partner and Cairo-based fashion media veteran Susan Sabet as both managing director and editor-in-chief of the new title.
The US Federal Trade Commission (FTC) is preparing to sue to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri Holdings, NYT Dealbook reported on Wednesday, citing people familiar with the matter.
Harvey Nichols has named Julia Goddard chief executive following the departure of Manju Malhotra — who held the post for 25 years — in late 2023.
The capital injection will strengthen the company’s earlier pivot from being an African designer e-commerce site to being a business-to-business venture helping emerging brands enter global retailers.
The German sportswear company now expects to generate operating profit of around €700 million ($743 million), an increase from the previous target of €500 million.
Amid a luxury slowdown, strong performance by LVMH’s perfumes and cosmetics and selective retailing divisions show a healthy appetite for beauty.