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Shein in talks to raise funds at lower valuation of US$64 billion
Chinese fashion retailer Shein is in talks to raise up to US$3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the negotiations.
The...
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Apple indefinitely postpones launch of AR glasses
Earlier in the day, the iPhone maker unveiled MacBooks powered by its new and faster M2 Pro and M2 Max chips in a surpri...
Japan, South Korea mitigate China sales slump for luxury group Burberry
CEO Jonathan Akeroyd said the company remained confident in its ability to reach medium-term targets, despite the curren...
Super Retail Group reports record sales to drive strong profit
The business says sales grew 15 per cent to $1.9 billion after all brands traded strongly over the peak cyber sales and ...
Baby Bunting profits fall, despite rising sales
CEO Matt Spencer says the company is on track to finish the year with a tax-paid profit up to $24 million.
JB Hi-Fi posts record sales as trading conditions ‘normalise’
Group CEO, Terry Smart, attributed the record to the end of two years of disrupted trading conditions due to the Covid p...
Experts weigh in: how economic conditions will impact retailers in 2023
How will retailers in Australia manage some of the economic challenges that are ahead in 2023? Experts weigh in.
Uniqlo parent says profit slipped as Japan, China drag growth
Domestic results were hit by warmer weather in November that stifled sales of fall and winter wear, while Covid curbs co...
Asos pins hopes on cost savings after Christmas sales slide
Online fashion retailer Asos said US$365 million of cost savings would help drive profits this year after sales fell ove...
Bed Bath & Beyond US in a ‘death spiral’
Analyst Neil Saunders, MD at GlobalData, said the “torrid” figures show the company has “completely lost control and is ...
Black Friday sales boosted retail spending in November
ARA CEO Paul Zahra described the results as “phenomenal” considering the disruptions the industry has weathered.
Why your margins may not have had a merry Christmas
Depending on how businesses go about this, you can either support growth targets or eat away your margins by wearing the...
Self-service micro market chain Morsl raises $5 million for expansion
The company will use the funds to open 20 new sites, penetrate industries “beyond workplaces”, and hire key management p...
Victoria’s Secret CEO Amy Hauk resigns as Adore Me takeover settled
Victoria’s Secret reported that Adore Me generated an anticipated $250 million in profitable sales during the 2022 year,...
Bed Bath & Beyond in crisis as turnaround plan fails
The company informed investors that it continues to consider all “strategic alternatives” including restructuring or ref...
Former G-Star leaders invest in Bodd body-scanning tech startup
The investment is expected to further strengthen its existing footprint in the uniform industry, with increased capital ...
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