Nameson’s profit dives on diversification spending, overreliance on single customer
The apparel maker’s revenue began to contract in the second half of its latest fiscal year, as business from its largest customer fell 11% Key Takeaways: Nameson’s profit tumbled 40%…
Far from fast: Shein’s overseas odyssey hits fresh obstacles
The fashion retailer’s IPO ambitions are facing political pushback in Britain, while the proposed closure of a U.S. tax loophole could hurt the company’s commercial fortunes Key Takeaways: A politician…
Giordano exposed by China overreliance
The clothing retailer warned that its net profit fell by up to 47% in the first half of this year amid slumping sales in its key Greater China markets Key…
Miniso’s penny-wise empire finds big bucks in rich countries
The seller of cheap lifestyle goods opened a massive store in Paris last month, the latest step in its ambition to win over bargain hunters worldwide Key Takeaways: Miniso accelerated…
Esprit puts trademark up for sale after slipping out of style
The clothing company was at the cutting edge of fashion in the 1980s but has struggled with competition from newer brands and is left with a shrunken market cap Key…
Shein’s Chinese roots likely to rub some shine from its IPO
Despite working hard to recast itself as a Singaporean company, the fast fashion giant may find that Chinese regulatory scrutiny is its biggest obstacle to a planned U.S. IPO Key…
FAST NEWS: Miniso’s Shares Surge on Big Overseas Revenue Gains
The latest: Retailer Miniso Group Holding Ltd. (MNSO.US; 9896.HK) announced on Thursday its revenue dropped 6% to 2.32 billion yuan ($350 million) in the three months to June, but its net…
