[ad_1] By Reuters API Published Jan 31, 2024 The new boss of H&M faces a thorny dilemma: increase prices and lose more ground to budget online fast-fashion rival Shein, or cut prices and risk profit margins falling short of target. Daniel Ervér, 42, took the reins at H&M on Wednesday after Helena Helmersson quit in […]
Read More[ad_1] By Reuters API Published Jan 31, 2024 H&M‘s CEO unexpectedly quit on Wednesday and company veteran Daniel Ervér took over with immediate effect, as the Swedish fashion retailer struggles to boost sales and profitability. Shares in the Swedish fashion retailer dropped 8% as outgoing CEO Helena Helmersson said she had decided to leave the company […]
Read More[ad_1] By Reuters API Published Jan 31, 2024 Swedish fashion retailer H&M is under pressure to prove to investors it can turn its fortunes around and fend off fierce competition from fast-fashion rivals such as Zara, whose sales are rising, and China-founded Shein, set to go public this year. H&M H&M, which sold more than […]
Read More[ad_1] By Bloomberg Published Jan 16, 2024 Uniqlo, part of Fast Retailing Co., sued Shein in Japan, accusing the Chinese retailer of copying its popular Round Mini Shoulder bag. Uniqlo The entities that operate the Shein brand must immediately cease sales of “imitation products” and compensate for damages, Fast Retailing said in a statement Tuesday. […]
Read More[ad_1] Online fast-fashion retailer Shein announced on Monday the expansion of its Shein X Challenge to include participants from around the globe. Shein expands 2024 Shein X Challenge worldwide. – Shein The Shein X Challenge, which celebrated its third anniversary this year, is an initiative under the Shein X Designer Incubator Program. Originally limited to […]
Read More[ad_1] By Reuters API Published Jan 13, 2024 Fashion company Shein is seeking Beijing’s nod to go public in the U.S. to comply with new listing rules for local firms, two sources with knowledge of the matter said, a decision it has made despite efforts to push its global credentials. The move could delay the […]
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