Alibaba rival Pinduoduo sees revenue fall short on weak China consumer spending By Reuters PDD Holdings Inc, which owns discount e-commerce platforms Pinduoduo and Temu, missed expectations on Monday for fourth-quarter revenue as China’s post-reopening consumer recovery remains patchy. Image:…
Puma signs Skepta as global ambassador to “revolutionise” sports industry Global sports brand Puma Skepta How important is the collab? It’s early days, but Puma promises to deliver details of “new and exciting projects… that will revolutionise the industry… in…
Zara opens new flagship store on the Champs-Élysées in Paris Translated by Roberta HERRERA InditexZara The new store retails the men’s and women’s collections – Zara Zara consolidates the Inditex group’s presence on the prestigious commercial avenue, with American brand…
Parley for the Oceans collaborates with Jenny Holzer Parley for the Oceans has unveiled a new surfboard collection with American conceptual and installation artist Jenny Holzer. Parley for the Oceans collaborates with Jenny Holzer. – Parley for the Oceans The…
Lenzing: 2022 fiscal year hit by inflation and energy crisis Translated by Cassidy STEPHENS The Austrian cellulose fibre specialist Lenzing Lenzing The group posted a 16.9% increase in turnover for the year to €2.57 billion, while its Ebitda fell from…
China’s factory, retail sectors skid as Covid hits growth By Reuters API China’s economy lost more steam in November as factory output growth slowed and retail sales extended declines, both missing forecasts and clocking their worst readings since May, hobbled…
Puma expects margin pressures to persist in 2023 By Reuters API Fashion German sportswear maker Puma Archivo Rising materials and freight costs along with a stronger U.S. dollar, inventory markdowns and higher promotion expenses have hit margins in the sporting…
Zara launches first collection made from multi-fibre textile waste Translated by Roberta HERRERA InditexZara The collection is now available in 11 different countries – Zara Zara and Circ’s groundbreaking initiative aims to tackle one of the biggest sustainability challenges in…
Denim market expected to slow down in 2023 Translated by Cassidy STEPHENS Jeans, which have been enjoying a real revival on the Fashion Week catwalks for the past few years, are expected to enter a downward phase again. Except for…
FIT launches exhibit celebrating 50th anniversary of hip hop The Museum at FIT (MFIT) is celebrating the 50th anniversary of the birth of hip hop, with a new exhibition launching February 8. Puma by Rihanna Parachute jacket ensemble Spring 2017…
