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The Business of Fashion
Trends
- 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.
- 5
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.
- 6Fashion 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.
- 7Nigerian 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.