This Week: Gucci and Shein Face Pricing Dilemmas
Whats Happening: Gucci, Saint Laurent and Balenciaga owner Kering reports first-quarter results on Wednesday. The company has reported two years of sales declines, and few are expecting 2025 to have started out any better. Gucci, which drives more than half of sales and profits for the group, saw year-on-year revenue
Price Hike on Shein? How Trump Tariffs Could Shift the US’s Love of Fast Fashion
After a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon — prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives. As part of a package of global tariff policies announced on “liberation
Shein Profit Dropped Last Year, Further Challenging IPO, FT Says
Fast-fashion retailer Shein’s profit slumped by almost 40 percent last year, putting further pressure on a potential initial public offering in the UK, the Financial Times reported, citing people it didn’t identify. Net income fell to $1 billion even as sales jumped 19 percent to $38 billion, according to the
Shein Is Said to Face Investor Pressure to Slash Valuation to $30 Billion
Fast-fashion retailer Shein is under pressure to cut its valuation to about $30 billion, according to people familiar with the matter, having in the past been valued at more than three times that amount. Shein shareholders are suggesting that an adjustment is needed to help get its potential initial public
