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Today — 9 May 2024Trends
Yesterday — 8 May 2024Trends

The Luxury Watches Downturn, Explained

The Swiss watch sector’s slide appears to be more pronounced than the wider luxury slowdown, but industry insiders and analysts urge perspective.

© Getty

The Swiss watch sector’s slide appears to be more pronounced than the wider luxury slowdown, but industry insiders and analysts urge perspective.

Banned Chinese Cotton Found in 19% of Products, Study Shows

Traces of cotton from Xinjiang were found in nearly a fifth of samples from American and global retailers, highlighting the challenges of complying with a US law aimed at blocking imports that could be linked to forced labour in China.

© Shutterstock

The US enacted a law in 2021 to safeguard its market from products potentially tainted by human rights abuses in Xinjiang.

‘Livestream’ Shopping’s Counterfeit Headache

The nature of livestream transactions makes it hard to identify and weed out counterfeits and fakes despite growth of new technologies aimed at detecting infringement.

© Shutterstock

Artificial intelligence and algorithms can currently spot still images and text that infringe on brands’ copyrights and trademarks.

Prada Heir Says the Group Is Open to More M&A

‘We have been and will always be open to considering opportunities,’ Lorenzo Bertelli told reporters Tuesday at the opening of a knitwear factory in Torgiano, Italy.

© Prada

Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family.

Zalando Returns to Growth Thanks to Premium Brands

The online fashion marketplace average order value increased to €60.4 ($65) in the first quarter, from €57.3 a year earlier.

© Shutterstock

Zalando returned to growth in the first quarter after three consecutive declines in gross merchandise volume, as bets on more premium brands and its business servicing other retailers paid off.

When Will India’s Streetwear Scene Become Big Business?

Local streetwear brands, festivals and stores selling major global labels remain relatively small but the country’s community of hypebeasts and sneakerheads is growing fast.

© VegNonVeg

Campaign images of the recent jewellery and apparel collections from Indian streetwear brand VegNonVeg.

Worldview: China’s May Holiday Sees Domestic Travel Spending Recover

This week’s round-up of global markets fashion business news also features Senegalese investors, an Indian menswear giant and workers’ rights in Myanmar.

© Getty Images

Passengers crowd at the waiting hall of Hangzhou East railway station on the fourth day of the five-day Labour Day golden week holiday on May 4, 2024 in Hangzhou, China.

Coty Sales Rise 8%, Led by Prestige Beauty

Beauty company Coty beat Wall Street expectations for third-quarter revenue on Monday and said it expects to achieve the high end of its annual targets, riding on steady global demand for its luxury and mass-market products.

© Instagram/@covergirl

CoverGirl parent Coty forecast annual profit below Wall Street expectations.
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