On November 5, Amazon.com Inc. made an important move by cutting fees for merchants selling clothing priced below $20, signaling its readiness to compete on price with Chinese fast-fashion Shein.
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NYC Jewelry Week 2023 was held in New York City for seven days from November 13 to 19. Jewelry Week is an annual event held in New York City in November, featuring a week of events and workshops by many jewelry brands and industry professionals.
On November 27, it was announced that Shein, the giant Chinese fast-fashion retailer, has confidentially filed for an initial public offering (IPO) in the United States.
On November 22, sports company Puma announced the appointment of Ryokusai Inoue as the new general manager of Puma Japan.
On November 16, Burberry indicated that it may have difficulty meeting its full-year sales guidance due to weak global demand for luxury goods.
Karlie Kloss, model, investor, and entrepreneur, is buying the British fashion and culture publication i-D Magazine.
Chinese IT company ByteDance officially began operating its TikTok Shop in the United States in September 2023. With an estimated 150 million TikTok users in the U.S., the marketplace attracted a great deal of attention when it first launched, but what are the current trends?
LVMH Métiers d’Art announced that it has entered into a partnership with Hosoo, the historic manufacturer of silk fabrics for kimonos in Kyoto, Japan. This announcement follows the conclusion with Okayama-based denim fabric manufacturer Kuroki in April 2023.
Boucheron, a well-established Parisian jeweler, has made a strategic acquisition of High Jewelry workshop, renowned for its excellent expertise in traditional craftsmanship, located near Place Vendôme in Paris.
In a time when generative AI is rapidly changing the fashion industry, fashion e-commerce site Revolve has taken a bold step forward. The company has collaborated with AI studio Maison Meta and has begun carrying apparel produced by generative AI.