JD.com's ‘6.18’ shopping festival this week hit a record $29.2bn in total sales, driven by new product launches “as well as Chinese consumers’ continued interest in and pursuit of higher quality,” the company said.
A letter organized by the AAFA, CFDA and the Accessories Council and co-authored by nearly 200 representatives from the fashion industry has been sent to President Trump, detailing opposition to the tariffs on China.
UK shoe chain Dune said this week that it's driven a £4.4 million rise in incremental revenue over the last few years by overhauling its marketing and moving to personalised ads based on data analysis and insights.
Frederick Lukoff, the long-time president of Stella McCartney, quits to become CEO of Dutch brand Scotch & Soda. A surprise move, barely one year after overseeing McCartney's buyback of 50% of her company from Kering.
Inditex is another of the big winners in global fashion retail and while its sales and profits increases may not always match analysts’ lofty expectations, it's a consistent performer as it continues to expand globally.
Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the U.S. market by more than two-thirds over the next year, as it guards against the impact of the US trade war with Beijing.