Bike shops as far apart as the US and Australia are having a similar problem: They can’t get enough new bikes to fill the rush in demand they’re seeing. While customers may occasionally get lucky and find stock in their local store, they’re frequently having to trade up to more expensive models, or join waiting lists, knowing it could be months before they get the bike they want.
In 1997, the year Amazon went public, founder and longtime CEO Jeff Bezos started writing an annual letter to the company’s shareholders.
Americans may be known to love a cold beer, but lots of them are also sipping champagne or cognac as they ride out the pandemic.
With shoppers today worried about climate change and deeming it cool to care about the planet, fast fashion could find itself at risk.
In its early days, buying and selling sneakers was a niche hobby, with collectors scouring store bins and garage sales for rare finds and making deals through in-person meet ups. The internet and eBay changed that, opening the cloistered world to a wider audience and making it possible for sneaker fans to connect across distances.
The skinny jean is being pushed aside by a roomier new silhouette, following a 15-year reign that began when it supplanted bootcut jeans in the mid-2000s.
If you’re not familiar with Shein, an online fast-fashion retailer based in China, odds are you’re not a teenage girl.
Musician and investor will.i.am has partnered with Honeywell, the technology giant and provider of personal protective equipment (PPE), to launch a face mask with built-in fans, Bluetooth connectivity, and audio. Called the Xupermask, it goes on sale April 8 for $299, making it a long-term investment compared to the inexpensive disposable or cloth masks on the market.
Before Covid-19, e-commerce had already upended the economics of stores. The pandemic-driven explosion in online sales is likely to force retailers to take an even harder look at their store footprints, resulting in an estimated 80,000 locations shutting their doors in the next five years, according to a forecast by investment firm UBS.
It’s another sunny, pandemic-stricken day at home, which means another day of online shopping from the sofa until a vaccine is coursing through our veins. But those Dr. Martens Chelsea boots cost £150 ($206) and you’ve only got 50 quid. What to do?
Despite raking in billions in earnings, Nike, FedEx, and two dozen other public companies have paid no federal corporate income tax in the US since 2018, according to a study by the Institute on Taxation and Economic Policy, a Washington-based research organization.
Nobody knows or cares what people wear when they’re working out at home, but shoppers are still shelling out plenty of cash for Lululemon’s pricey activewear.
Nike was not happy to learn that MSCHF, a team of product designers based in Brooklyn, used one of its existing sneaker styles to create what the group has dubbed “Satan Shoes” in collaboration with rapper Lil Nas X. The shoes are black Air Max 97s that MSCHF customized without Nike’s involvement, attaching a bronze pentagram at the laces, adding red embroidery, and injecting ink and “1 drop human blood” into the sneaker’s sole, according to MSCHF’s website, which put 666 pairs up for sale at $1,018 each.
Could the love affair between Nike and China be in trouble?
Right now, the Ever Given—a container ship about 1,300 feet long, which is longer than the Eiffel Tower is tall—is lodged sideways in Egypt’s Suez Canal, where it is blocking all other ships from passing. Efforts are underway to remove it, but they’re moving slowly. It could take days to straighten out the ship, which was blown off its course by strong winds, and more time to repair damage to the canal.
Until yesterday, Zara’s parent company, Inditex, had a statement on its website stating the company’s zero-tolerance policy for forced labor and that it did not have relationships with any factories in Xinjiang.
H&M is facing a harsh backlash in China over a year-old statement it made expressing concerns about forced labor in Xinjiang.
Get vaccinated, get a doughnut—or lots of doughnuts. That’s the promise of doughnut chain Krispy Kreme, which is offering customers who show proof of vaccination a free glazed doughnut every day for the rest of 2021.
Fashion is rarely just about utility. It’s also a means of self-expression and a way to communicate status and identity. With lots of shoppers today seeking ways to signal these attributes in the digital world as much as the physical one, it’s created an opportunity for fashion to go virtual.
Nike is straining to get its shoes and clothes into the US from the overseas factories that produce them, dragging down sales in its largest market.
Kanye West rose to fame as a rapper, but it’s his sneaker and clothing brand, Yeezy, that makes up the bulk of his wealth today. Investment bank UBS has valued the brand between $3.2 billion and $4.7 billion, according to a report from Bloomberg, which viewed a private UBS document with the figures. West’s cash and other assets additionally totaled nearly $2 billion, Bloomberg said, citing an unaudited balance sheet from West’s lawyer.
E-commerce in the US is approaching a major milestone: In 2022, it will record its first trillion-dollar year, predicts Adobe Analytics, which analyzes online transactions across millions of products.
Brandon Maxwell began making his name in fashion about a decade ago as stylist to pop star Lady Gaga. His profile has only grown since. In addition to launching his own company in 2015 and creating some of Gaga’s most memorable looks, he’s dressed luminaries such as Michelle Obama and Oprah Winfrey. These days he’s also a judge on the long-running fashion show Project Runway.
