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The Business of Fashion
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- 1Shein quarterly profit falls 67% as costs rise●Shein quarterly profit falls 67% as costs jump, Europe sales slump
Fast-fashion retailer Shein has reported a 67% drop in quarterly profit, hit by rising costs and a slump in sales across Europe. The company, which has built its business on ultra-cheap online apparel, is facing mounting pressure from regulatory scrutiny, trade rules and softer European consumer demand, raising questions about its growth model ahead of any potential listing.
- 2Affordable fashion chain to close 120 stores●Affordable fashion chain closing 120 stores due to ‘negative pressure’ on customers
An affordable fashion chain is closing 120 stores, citing 'negative pressure' on its customers, understood as financial strain on shoppers and the business. The announcement affects locations across the United States, though the company name and timeline are not detailed in the available reporting. The closures add to a wave of retail downsizing as budget-conscious consumers cut back on apparel spending.
- 3Shein profits fall by two-thirds in first public earnings●Shein’s profits fall by two-thirds in first earnings report as a public company
Shein has reported its first results as a public company, revealing that profits fell by roughly two-thirds. The decline in the fast-fashion retailer's earnings is drawing attention to pressures on its business model, including scrutiny over tariffs, competition and its much-anticipated listing. Analysts and investors are weighing what the sharp drop means for the company's valuation and growth prospects going forward.
- 4
Fast-fashion retailer Shein returned to profit in the second quarter, according to a Reuters report. The turnaround marks a recovery for the online retailer after a period of losses, and comes as the company prepares for a potential stock market listing while facing scrutiny over labour practices and environmental impact. Investors and industry watchers will be looking for details on margins, sales growth and how new import tariff rules are affecting its low-price business model.
- 5Milan exhibition charts Armani's evolution a year after founder's death▼Armani's business and creative evolution on show in Milan a year after founder's death
A year after Giorgio Armani's death, Milan is showcasing the fashion house's business and creative evolution. The presentation highlights how the brand has developed its identity and operations since the passing of its founder, underlining his lasting influence on Italian fashion and the company's future direction.
- 6
Paris Fashion Week is under way in the French capital, drawing intense excitement from designers, buyers and audiences alongside underlying tension across the industry. Coverage from fashion business media highlights the contrast between the fervour of the shows and strains within the sector, though no specific designers or incidents are detailed in the current reports.
- 7Hong Kong's sustainable fashion ranking rises in latest ESG index●# HongKong ’s status as a # leading # sustainable # fashion # hub in # Asia has been reinforced by the latest # HKTDC ES
Hong Kong's position as a leading sustainable fashion hub in Asia has been strengthened by the latest HKTDC ESG Index 2026, which scored the city's fashion industry at 65.5, an increase of 2.3 percentage points from 2025. The index, released by the Hong Kong Trade Development Council, points to growing adoption of sustainability practices among local fashion businesses.
- 8Zalando Partner Day Puts AI's Role in Online Fashion in Focus▼The Big Topic at Zalando’s ‘Partner Day’: What AI Can — and Can’t — Do for Online Fashion
Zalando's Partner Day event centered on artificial intelligence in online fashion, examining both the opportunities and the limits of the technology for e-commerce. Discussions reportedly covered what AI can and cannot do for the fashion retail business, drawing attention from industry watchers tracking how major European platforms adopt AI tools.
- 917-year-old fashion retailer to close all its stores▼17-year-old fashion retailer closing all stores
A fashion retailer founded 17 years ago is shutting down all of its stores, according to a report by TheStreet. The closure marks the end of a young brand that had built its business around physical retail locations. Details on the number of stores affected, the reasons behind the decision, and the impact on employees have not yet been disclosed.
- 10Nigerian entrepreneur built $200 jewellery startup into 60-million-viewer TV brand▼Meet Seyi Banigbe, the entrepreneur who grew a $200 jewellery startup and now reaches 60 million TV viewers
Seyi Banigbe, a Nigerian entrepreneur, started a jewellery business with just $200 and has since expanded into television, where her work now reaches an estimated 60 million viewers. Her story of turning a small startup into a multimedia brand is drawing attention as an example of how African entrepreneurs can scale modest beginnings into mass-market businesses across fashion and media.
- 11Burton at 50 turns to streetwear and China●Burton at 50: The snowboard icon sets its sights on streetwear and China
Snowboard brand Burton marks its 50th anniversary with plans to expand beyond snow sports into streetwear and the Chinese market. The Vermont-based company, long an icon of snowboarding culture, is seeking new growth as it positions its style-driven apparel for a broader lifestyle audience in Asia.
- 12New York Magazine Launches First Standalone Men's Style Issue▼Inside New York Magazine’s First Standalone Men’s Style Issue
New York Magazine has published its first standalone men's style issue, a dedicated edition focused on menswear and male fashion culture. The move was reported by The Business of Fashion, which took readers inside the making of the issue. It signals growing publisher interest in menswear as a distinct editorial and commercial category, and the launch is drawing attention across the fashion industry.
- 13Evereve hires Target executive Alanna Baker to lead digital▼Business People: Evereve hires Target exec Alanna Baker to lead digital
Minnesota-based women's fashion retailer Evereve has hired Alanna Baker, an executive from retail giant Target, to lead its digital operations. The appointment is part of the company's business staffing news circulating in regional retail circles, signaling Evereve's investment in strengthening its e-commerce and digital strategy by drawing talent from a major national retailer.
- 14Fashion Week San Diego Returns With Downtown Runway Shows●Fashion Week San Diego returns with runway shows downtown
Fashion Week San Diego is returning, bringing runway shows back to downtown San Diego. The event's comeback is being reported in local coverage, marking a revival for the regional fashion gathering. Details on dates, designers and venues remain limited so far.