New York CNN — Adidas’ breakup with Ye, formerly known as Kanye West, is a pricey one. The company warned Thursday that it’s expected to lose $1.3 billion (1.2 billion euro) in revenue this year because it’s unable to sell the designer’s Yeezy clothing and shoes. Adidas ended its nine-year partnership with the rapper last […]
New York CNN — Consumers, spooked by accelerating job cuts, looming recession fears and continuing high prices for goods and services in 2023, are trading down when they’re shopping, and that includes in secondhand stores. Demand for secondhand goods remains red hot, with the resale market expected to reach $82 billion in sales by 2026, […]
Hong Kong CNN Business — Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Shares of Perfect Corp., a software company that allows users to virtually try on makeup or jewelry from brands such as Estée Lauder, LVMH and Shiseido, have fallen more than 40% from […]
New York CNNBusiness — Yeezy merchandise has no place to go. Retailers are dumping it. Resellers are blocking new product listings associated with it. Even off-price outlets like TJ Maxx don’t want any goods associated with hate-speaker Kanye West, the embattled rapper who has legally changed his name to Ye. So where will the mounting […]
New York CNN Business — “When it starts to get crazy, then run away,” Kanye West once sang. Adidas followed his advice. Where to start? After a social media uproar Adidas cut ties with Ye, the artist formally known as Kanye West (and formerly known as a billionaire) joining the long list of brands that […]
New York CNN Business — New testing on a variety of popular branded sports bras and athletic wear has revealed high levels of BPA, a chemical compound that’s used to make certain types of plastic and can lead to harmful health effects such as asthma, cardiovascular disease and obesity. Sports bras sold by Athleta, PINK, […]
New York CNN Business — Retailers have already signaled big sales are coming for the holidays — with one major, sparkly exception. Stores are looking to offload overstocks of clothes, shoes, toys, gadgets and furniture. But jewelry might evade all that deep discounting. That’s because holiday jewelry sales have been on fire over the last […]
Evening Standard/Hulton Royals Collection/Getty Images King George VI’s coffin is carried through the streets of London before being transported to Windsor Castle for his funeral on February 15, 1952. As the United Kingdom mourns Queen Elizabeth II, only a minority will remember first-hand what life was like the last time the country buried a monarch. […]