Vestiaire Collective gains more investment from Eurazeo, a partner since 2015. The company aims to expand in Europe, the U.S., and Asia. In 2017, Eurazeo invested €32.5M. The 2024 investment boosts Vestiaire's profitability plans.

Ted Baker's e-commerce is back in the UK via United Legwear & Apparel (ULAC). After its previous partner collapsed, Authentic Brands revamped operations. UK stores are closing, but online shopping offers free shipping over £150.

Asos CEO José Antonio Ramos Calamonte saw a 43% pay increase to $1.5M, while the company reported a $481M loss for FY2024. Sales fell 18% to $3.7B. Despite this, Asos highlights progress in profitability and inventory management.

Mytheresa's Q1 FY25 net sales rose 7.6% to $217M, with a gross profit margin of 43.9%. CEO Michael Kliger credits momentum since FY24 Q3. New brand Mei Lin Shi and WeChat program target China. Full-year growth is forecasted at 7%-13%.

Tests on kids’ winter clothes from Shein, Temu, and AliExpress revealed toxic chemicals up to 622x above legal limits. The Seoul government flagged 7 out of 26 items, including jackets and jumpsuits, as unsafe. More inspections are planned.

Deliveroo now offers luxury dress rentals in 20 minutes via its app. Partnering with Hurr, it features 50+ designer options like Self-Portrait and Nadine Merabi. This innovative partnership sets a new standard for sustainable fashion accessibility.

Boohoo is under fire for rehiring a supplier axed after a 2020 modern slavery scandal. GN Euro now operates from Morocco under a new name. This follows Boohoo's ethical overhaul, though campaigners question progress. Losses have also tripled.

SHEIN plans to go public in early 2025 via the London Stock Exchange. Founder Chris Xu and chair Donald Tang are courting UK and US investors. Delayed by US regulatory issues, the fast fashion giant pivots to London for its IPO plans.

In the first half of fiscal 2025, Richemont reported €10.1B ($10.7B) in sales, a 1% drop. Their watch division saw a 17% decline, pushing operating profit down to €2.2B ($2.3B). Declines are driven by weak sales in China, down 27% year-over-year.

On Nov 12, 2024, Landmark Group announced a $1B investment to open 400 shops in the Gulf, India, and Southeast Asia. This three-year plan boosts retail by 20% by 2028. Its online sales grow over 20% yearly, says CEO Kabir Lumba.

Zalando partners with Adyen for local payments, enhancing user experience across 15 countries. This partnership promises more secure payment options and higher authorization rates. Key leaders express excitement for improved services.

On 14th November 2024, Assos of Switzerland filed a lawsuit against Asos. The legal battle is over breach of contract. This marks a repeat conflict since Asos paid $25.8M in 2016 to settle previous trademark issues. Assos is owned by TZP Group.

On November 11, 2024, Levi Strauss & Co. launched the Levi’s® Jeans Fit Guide in Germany. This innovative tool uses Amazon Alexa to help customers find their perfect fit by asking questions. Until December, the service is available on any Alexa device.

Catalog saleswomen in Mexico are increasingly selling Shein and Temu products. Since 2022, around 60% of these sellers have added these brands. Despite struggles in traditional catalog sales, women adapt by meeting customer demands.

On November 14, 2024, Farfetch's investors reject claims to dismiss a $2.4B securities fraud lawsuit. The plaintiffs allege misleading information by executives led to Farfetch's financial downfall and a plummet in stock value.

On November 15, 2024, Vinted, Europe's largest second-hand marketplace, ruled out an IPO. CEO Thomas Plantenga announced a company valuation of $5.3B, emphasizing expansion into new markets and efficient operations since its founding by Mitkute and Janauskas in 2008.

Zalando’s new free loyalty program, Zalando Plus, opens access to all users, aiming to grow its 2.6M-member base. The program offers perks like birthday gifts, faster shipping, and early access. Launched in Spain, France, and Austria, it will expand in 2025. Financially, Zalando expects one-time costs for past subscriptions and provisions for points.

StockX co-founder Greg Schwartz will become CEO on Jan. 1, 2025, replacing Scott Cutler, who exits amid challenges in sneaker resale. Schwartz aims to refocus on global growth and innovation as the company partners with Walmart and diversifies its offerings. The resale market struggles as sneaker oversupply lowers prices, a trend that’s hurting other resale categories too.

Last week, Uturn, a second-hand fashion leader in Australia, launched its first online marketplace with over 17,000 items. The new platform allows Australians nationwide to shop iconic brands such as Zimmermann, Oroton, and Ganni. Alex Dimou, Uturn’s managing director, describes it as a localised and sustainable shopping solution. Uturn plans to add new items daily, helping customers find unique pre-loved pieces while promoting conscious shopping habits.

LVMH’s third-quarter revenue dropped by 3% to $20.8B due to weak demand in China and Japan’s stronger yen. Fashion and leather goods sales fell 5% to $9.96B, while wines and spirits dropped 7% to $1.5B. While European and U.S. sales held steady, China's consumer confidence dipped to pandemic-era lows. LVMH’s selective retailing rose by 2%, but analyst predictions indicate a continued luxury market slowdown.

Coupang’s Q3 revenue surged 27% to $7.9B, thanks to growth in new ventures like food delivery and luxury retail. Farfetch, acquired in January, contributed to gains, though it led to a 23% drop in net income. Excluding Farfetch, income hit $108M. Despite a 7% stock dip after the report, Coupang’s shares have climbed 66% this year, driven by its 2023 profits and expansion across Asia.

Asos posted a $379M loss this year, yet CEO Calamonte remains unfazed by competition from Shein or Vinted. Calamonte believes the fragmented market leaves room for Asos’ customer-focused model. He noted a 24% rise in “newness” sales, despite only a 6% increase in stock. Asos will double its “test-and-react” line, aiming to adapt swiftly to trends. The CEO’s focus on Asos’ unique styling, curated brands, and fast supply model signals confidence in the retailer’s position, even as losses widen.

After a four-year absence, Shein is back in India, relying on a new partnership with Reliance Retail to boost its presence. Indian consumers await its trendy, low-cost offerings, but local brands brace for tougher competition. Fast fashion, led by Shein’s affordable products, has a growing appeal among Gen Z and Millennials. This move might push brands like Zara, H&M, and Myntra to adopt faster turnarounds and aggressive discounts. Reliance's local connections could help Shein handle regulatory challenges, while India's fast-fashion market sees intensified price wars.

Shein's European sales jumped 68% in 2023 to $8.4B, up from $4.6B. Profit more than doubled, reaching $109M. Shein's Europe-based Infinite Styles serves markets including Belgium, France, and Germany. The company is eyeing a London IPO as it expands aggressively across Europe.

Zalando's Q3 results showed strong gains. Revenue rose by 5% to $2.5B, while GMV climbed 7.8% to $3.8B. B2C sales grew 4.3%, reaching $2.4B, and B2B saw an 11.1% increase. Net profit hit $47M, reversing last year's loss. Zalando confirmed its 2024 outlook, projecting 3-5% GMV growth and adjusted EBIT of $470M. Investments in new brands, logistics in Europe, and the Zalando Assistant help drive engagement and expansion.

Lazada partners with Alibaba’s Taobao to launch a new Taobao Fashion channel in Singapore and Malaysia. With over 6M items available and discounts of up to 70% every Saturday, Lazada aims to offer affordable style. Promotions like “Buy 3, Get 20% Off,” free returns, and fast air shipping in as little as 5 days enhance the shopping experience. Lazada’s Chief Business Officer, Jason Chen, highlights this partnership as an opportunity to deliver variety and value. The dedicated channel will showcase top Taobao merchants, with plans to expand into lifestyle products soon.

Deichmann has acquired rights to Esprit for US and Europe. This move will return Esprit to retail through shoe stores like VanHaren, while clothing rights go to Theia Brands. Esprit’s owners sought buyers after bankruptcy issues in April, but no acquisition price was disclosed.

Estée Lauder is now on Amazon's Premium Beauty Store, allowing customers to shop its skincare and makeup products with added features like an exclusive Shade Finder for "Double Wear" foundation. The launch includes a sports-themed campaign, “Game Day, Your Way,” promoting the products to female sports fans via Prime Video. Holiday Beauty Haul discounts will be available through November 3rd.

GU’s new flagship store in New York blends digital and physical retail, using its app to let customers scan items, check inventory, and get personalized sizing through the “MySize CAMERA.” This approach supports the "Click-and-Mortar" trend, which has grown 38% since 2020 across major markets, per a PYMNTS report. With affordable, curated collections, GU’s "MINI edit MAX" strategy is a unique take on trend-driven fashion, combining style and affordability to differentiate itself from sister brand Uniqlo. GU aims to create a tech-forward, eco-friendly U.S. shopping experience.

Unilever’s investment in AI for beauty is paying off, creating immersive experiences for users while boosting sales. In the U.S., Dove’s AI-powered Scalp and Hair Therapist, launched in March, gives scalp-care advice with scientifically-backed responses. BeautyHub Pro, available in Asia, has attracted 3M+ users with selfie-based recommendations. Customers getting AI-driven suggestions are 43% more likely to buy, with basket values up 39%. Despite success, Unilever faces challenges in AI accuracy and reliability, plus layoffs of 3.2K roles by 2025 amid shareholder pressure.

Luxury retailer Harrods has launched an e-commerce platform with Scayle, aiming to provide seamless luxury shopping across the globe. With custom landing pages, product management tools, and integrated ERP, Harrods targets the US and Middle East. Caitlin Innes, Harrods' digital chief, praises Scayle's ability to manage categories globally and their quick, successful migration. Upcoming upgrades include a mobile app and a multi-channel, global rollout.

British retailer Next launches Seasons, a new e-commerce platform offering premium brands like Marc Jacobs and A.P.C. to capitalize on the demand for luxury in the UK. Following recent acquisitions and industry changes, Seasons will focus on high-quality service and curated selections aimed at discerning customers. International expansion is set for 2026, and discussions with luxury groups Kering and Richemont are underway.

Shein, the fast-fashion giant, reported a 70% drop in profits for the first half of 2024, with earnings falling below $400M on $18B revenue. Rising competition from Temu has challenged Shein's market share, dampening growth. Revenue growth slowed to 23%, down from 40% in 2023. These setbacks complicate Shein’s plans for a London IPO, which aims to raise funds amidst investor frustration over stalled growth. Valued at $66B in 2023, Shein is now under pressure to reassure stakeholders, including major investors like Jafco Asia and Abu Dhabi’s Mubadala Investment Company, as regulatory scrutiny mounts in the UK and other major markets.

Several Polish universities, including those in Krakow and Poznan, cut ties with Shein following student protests over ethical concerns. Shein’s plan to open showrooms in 5 cities, part of a promotional tour, faces strong backlash. The decision impacts Shein's presence in Poland, where its app has over 6M users.

Walmart will offer prescription delivery in the U.S. by early 2025. Available in 49 states, the service promises delivery in 30 minutes, reaching over 86% of households. Walmart+ members get it for free; others pay $9.95 per order.

ABOUT YOU and Netflix launch the "NETFLIX COLLECTION" on Oct 28, 2024, exclusively on ABOUT YOU. Inspired by popular Netflix series, the first drop offers two limited pieces priced between $42-$73. A larger collection is planned for December.

Poshmark reverses a fee structure change after sellers reported a sales drop. The new fee plan had a 5.99% fee for both buyers and sellers, but sellers saw a decline in purchases. Original fees return on October 24, with rebates offered.

Shein debuts its first credit card in partnership with Stori. Backed by Mastercard, it targets Mexico's market, offering 250 welcome points and double points on Shein purchases. The card aims for financial inclusion with a 99% approval rate.

Mike Jeffries, ex-CEO of Abercrombie & Fitch, and partner Matthew Smith face charges of sex-trafficking. They allegedly coerced men into sexual acts using wealth and influence. A New York court granted Jeffries a $10M bond, while Smith remains detained.

Shein launched 'Shein Exchange' in Germany, following its earlier launches in France and UK. The platform allows consumers to buy and sell used Shein items. More than 4.2M new US customers joined in 2023.

Vinted, a second-hand marketplace, raised €340M through a secondary share sale, now valued at €5B. Led by TPG, other investors include Hedosophia, Invus, and more. Founded in 2008, Vinted expanded into electronics and aims for global growth.

DocMorris' dmr Advertising teams up with LiveRamp to enhance its retail media network. The partnership focuses on using first-party data to boost targeted ad campaigns. New tools will improve ad measurement across social media and ensure data privacy.

eBay is investing $1.2M into its Circular Fashion Fund to support startups that promote sustainability. The fund provides financing, mentorship, and networking. Launched in 2022, it now covers the U.S., Germany, Australia, and the U.K.

Zalando launches ‘Cultural Ties,’ a streetwear map for Amsterdam, Antwerp, Berlin, Paris, Stockholm, and Warsaw. With exclusive interviews, hotspots, and a December adidas Originals drop, it's streetwear's new frontier in Europe.

Vestiaire Collective, celebrating 15 years in resale, hosted a luxury item treasure hunt with 250 high-end pieces priced at $19.48. Brands like Gucci and Dior were part of the event. The platform grew 25% in 2023 and is expanding in the US.

Shein enlists Barclays and UBS for its $61B IPO planned in London. The fashion giant, already working with Goldman Sachs and others, faces scrutiny over labor and tax practices as the listing nears in early 2025.

Zalando enhances its virtual fitting room with 3D avatars, allowing customers to try on Levi’s clothes with accurate body measurements. Available in 14 countries, this tech promises a 40% drop in return rates.

Snapchat launches Snap Street, an AR-powered shopping experience on 19 and 20 October in London. Partnering with Boots and Depop, they aim to blend digital and physical retail. Visitors can test makeup, play games, and win prizes.

Fast Retailing, owner of Uniqlo, saw a 27% profit rise to $3.5B as sales jumped 12% to $19.5B. Global demand, especially in the US and Europe, drove growth, despite China underperforming. Uniqlo's viral products fueled its success.

Luxury resale platform Vestiaire Collective has introduced AI-powered search tools to improve shopping experiences. The company also hired Stacia Carr as CTO and added Jim Freeman, formerly of Amazon, to its board. AI tools like image search and price recommendations are set to roll out by the end of 2024. The secondhand luxury market remains strong despite a slowdown in luxury sales.