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The Business of Fashion
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- 1Shein shares drop as quarterly profit slides 67%●Shares of fast-fashion platform Shein fall 4% after quarterly profit slides 67%
Shein's quarterly profit fell 67%, sending shares down 4%. The sharp earnings decline for the fast-fashion retailer is drawing attention as investors and industry watchers weigh what it signals about the company's business ahead of its long-mooted stock market listing.
- 2Shein quarterly profit plunges 67% on rising costs and weak Europe sales●Shein quarterly profit falls 67% as costs jump, Europe sales slump
Fast-fashion giant Shein reported a 67% drop in quarterly profit, hurt by sharply higher costs and a slump in sales across Europe. The results add pressure on the retailer as it faces growing regulatory scrutiny in Europe and intensifying competition from rivals like Temu, raising questions about the durability of its ultra-cheap, rapid-turnaround business model.
- 3Hong Kong's sustainable fashion hub status reinforced by new ESG index●# HongKong ’s status as a # leading # sustainable # fashion # hub in # Asia has been reinforced by the latest # HKTDC ES
Hong Kong's position as a leading sustainable fashion hub in Asia has been reinforced by the latest HKTDC ESG Index 2026, which rose to 65.5 for the fashion industry, up 2.3 percentage points from 2025. The figures, released by the Hong Kong Trade Development Council, point to growing environmental and governance progress among the city's fashion businesses.
- 4Shein profits fall by two-thirds in first public earnings●Shein’s profits fall by two-thirds in first earnings report as a public company
Shein has reported its first results as a public company, revealing that profits fell by roughly two-thirds. The decline in the fast-fashion retailer's earnings is drawing attention to pressures on its business model, including scrutiny over tariffs, competition and its much-anticipated listing. Analysts and investors are weighing what the sharp drop means for the company's valuation and growth prospects going forward.
- 5Anna Wintour's longtime protégé lands top fashion industry job▼Exclusive | Fashion insiders come unpinned as top industry gig goes to fraying Anna Wintour’s longtime accolyte
Fashion insiders are reacting to news that a longtime associate of Anna Wintour has been awarded one of the industry's most senior positions. According to a Page Six exclusive, the appointment has unsettled parts of the fashion world, with sources suggesting there is unhappiness over the choice and over the influence Wintour continues to wield in deciding who rises to the top of the business.
- 6
The fashion industry's wave of designer reshuffles at major luxury houses has delivered only partial success, according to Business of Fashion. While some new creative directors have revived brand momentum and commercial interest, others have struggled to move the needle, leaving the industry assessing whether the costly game of musical chairs was worth it.