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Shein in talks to raise funds at lower valuation of US$64 billion

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...
City Chic’s sales slip; promotions dent margins
What Melbourne’s booming population means for Australian retail
T2 teams up with local Australian artists to launch teaware range
Super Retail Group faces court action over alleged underpayments

Sectors Archives

Christmas sales boost Michael Hill’s margins

In a trading update of unaudited accounts for the period ending January 1, the business says sales grew 11.7 per cent to...

Casetify makes Sydney debut with CBD store

Besides selling items, Casetify has a Re/Casetify program in-store, which aims to reduce plastic waste from old phone ca...

Country Road brands to return to Myer after David Jones separation

Meanwhile, Country Road Group sales surged 26.6 per cent in the December half year.

Can NFTs solve luxury fashion’s counterfeit problem? 1Fame is banking on it

1MetaWorld and Fame Universe are joining hands to create 1Fame, an ecosystem to feature fashion collections and combat c...

“Not tokenistic”: How Jam The Label is making fashion more inclusive

Launched in 2019, Jam The Label is one of just a few brands in Australia that offers stylish and functional clothing for...

Mys Tyler’s in-app collaboration hub helps brands embrace diversity

Mys Tyler says brands can make use of the Contributor Hub to find creators for projects.

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...

Creed and Robbi join forces to create limited-edition art toys for China

The House of Creed has collaborated with Chinese collectable toy brand Robbi to give one of its popular scents a place i...

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.
How and why retailers should use AI tech like ChatGPT. Bigstock

Best and worst case scenario: How retailers can use ChatGPT

ChatGPT is set to become a feature of many retail businesses. This explainer discusses how and why retailers should cons...

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...

What China’s reopening means for Apac retailers this Lunar New Year

“We probably won’t see a significant impact yet,” says Forrester analyst Xiaofeng Wang.

Aje Athletica picks Brisbane tennis star as its first sporting ambassador

The collection is designed to meet Hon’s fit-for-play needs.

Dick Smith, Burger King, David Jones: Is it third time lucky for Anchorage?

The private equity firm has a track record of acquiring businesses that are already well on their way to turnaround, and...