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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.
- 2Anna Wintour's longtime protégé lands top fashion industry job▼Exclusive | Fashion insiders come unpinned as top industry gig goes to fraying Anna Wintour’s longtime accolyte
Fashion insiders are reacting to news that a longtime associate of Anna Wintour has been awarded one of the industry's most senior positions. According to a Page Six exclusive, the appointment has unsettled parts of the fashion world, with sources suggesting there is unhappiness over the choice and over the influence Wintour continues to wield in deciding who rises to the top of the business.
- 3Fashion 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.