Lululemon Cuts Outlook as Quarterly Profit Falls 13%. Drapers reports operating profit fell to $453.7m in the quarter to 2 August, alongside a reduction in the retailer's own full-year guidance, a read on premium activewear trading into autumn. (Drapers)

Next Wins Appeal Against 2024 Equal Pay Ruling. Drapers reports the retailer has overturned a decision requiring shop staff to be paid the same basic rates as warehouse workers, easing back-pay exposure for retailers with split pay bands. (Drapers)

Euratex Presses EU on Low-Value Parcel Imports. Euratex president Mario Jorge Machado told FashionNetwork.com the current small-parcel tax is inadequate, targeting the same import channel most direct-to-consumer volume moves through. (FashionNetwork.com)

Also moving today:

Castore drafts in advisers as it ‘explores sale’ (Drapers)

France analysts' views: Rothschild Redburn turns bearish on Kering (Market Screener)

Harrods Backs Brand63Africa With Pop-up Spotlighting African and Diasporic Fashion (WWD)

John Lewis to hire 10,400 Christmas employees (Drapers)

Hermès Has Big Watchmaking Ambitions. The Cult of the Birkin Is Getting in the Way. (The Wall Street Journal)

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Shein moves toward IPO as rivals study its model. WWD and other outlets trace Shein's rise to a public listing, which would put the ultra-fast-fashion operator's economics into disclosed form for competitors and buyers. (WWD, Euronews English, RTE.ie)

France levies Shein and Temu; Beijing objects. France has begun imposing levies under its anti-ultra-fast-fashion law, per IBTimes UK, and China's stated objection signals possible trade friction for sellers into that market. (International Business Times UK)

Harvey Nichols suppliers owed £270m, filings show. Drapers reports brands owed money before the Frasers Group acquisition may recover under 15p in the pound, per documents filed at Companies House. (Drapers)

Also moving today:

Affordable Luxury Is Gaining Ground in Department Stores (WWD)

What to Watch: Hermès May Be a Bellwether for China's Luxury Rebound (Yahoo! Finance)

Very Group abandons auction as bidders fail to hit £2bn asking price (Drapers)

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Lululemon Americas Comparable Sales Fall 12 Percent. WWD reports Lululemon's Americas comps dropped 12 percent days before Heidi O'Neill takes over as CEO, giving activewear buyers a marker for the category reset. (WWD)

Hugo Boss Halts Buyback as Frasers Signals Majority Bid. Drapers reports Hugo Boss terminated its share buyback after Frasers Group flagged intent to pursue a stake above 50 percent, putting a major wholesale partner's ownership in play. (Drapers)

France's Ultra-Fast-Fashion Tax Took Effect September 1. New French legislation targeting ultra-fast fashion came into force September 1 after June parliamentary approval, per British Vogue and the ABC, an early test of whether levies shift low-price apparel competition. (British Vogue, Australian Broadcasting Corporation)

Also moving today:

What to Watch: Brands, Retailers Are Battling Luxury Handbag Fatigue (WWD)

Higher business rates multipliers will weigh on prices, retailers warn (Drapers)

Fashion Briefing: The Canada-US trade war is creating a ‘less integrated North American fashion market’ (Glossy)

Matalan COO, Sainsbury’s CPO, and more: this week’s fashion retail people moves (Drapers, Drapers)

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LVMH agrees sale of Marc Jacobs to WHP, G-III. Drapers reports LVMH has reached a definitive agreement to sell Marc Jacobs to WHP Global and G-III Apparel Group, moving a designer brand to licensing-led owners. (Drapers)

Spencer Spirit completes Hot Topic acquisition. Spencer Spirit Holdings says it has closed its purchase of Hot Topic and BoxLunch, putting two mall-specialty portfolios under one owner. (Spencer Spirit Holdings)

Canada plans retaliation as Senate Democrats target tariffs. WWD reports two tariff pressure points moving at once, Canadian retaliation plans and a Senate repeal push, keeping duty exposure an unsettled planning variable. (WWD)

Also moving today:

Shop price inflation reaches two-year high in August (Drapers)

Profits climb at Boden as US booms (Drapers)

Shein, Temu fined in France as Australians flocks online (thenewdaily.com.au, MyJoyOnline.com, The Nation)

What to Watch: Jewelry Is Booming Despite Hard Times for Luxury -- and Dizzying Gold Prices (WWD)

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France sets new fines targeting Shein and Temu. WWD reports France has introduced penalties aimed at ultra-fast-fashion sellers, a cost that brands selling into the EU may need to factor into sourcing and pricing. (WWD, BBC, Euronews English)

LVMH completes Marc Jacobs sale to WHP and G-III. WWD reports the deal has closed with the designer still at the creative helm, signalling a shift toward wholesale and licensing for the label. (WWD)

Frasers Group signals majority push for Hugo Boss. Drapers reports Frasers has raised its Hugo Boss stake to 47.89% and intends to pursue more than 50%, which would put the German brand house under UK retail control. (Drapers)

Also moving today:

Congress Votes to Reauthorize AGOA, Haiti HOPE-HELP Trade Programs For Two Years (WWD)

Kering: new CEOs at Dodo and Pomellato, Sabina Belli appointed as president for Italy (FashionNetwork.com, Luxury Daily, Market Screener)

Victoria Beckham posts first profit in 18 years (Drapers)

Primark opens 500th store (Drapers)

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Bloomberg: Shein faces tariff and regulatory pressure. Bloomberg reports the ultra-low-price, social-first playbook behind Shein's pandemic-era growth is now under tariff, regulatory and competitive strain. (Bloomberg Business)

WWD: Italian fashion brands see cluster of C-suite changes. Several Italian houses have changed senior leadership, with WWD reporting effects that will carry into the second half and beyond. (WWD)

Kohl's names former Walmart executive as chief merchant. Kohl's appoints a former Walmart fashion executive to lead merchandising, a signal on assortment direction for mid-tier US department-store partners. (WWD)

Also moving today:

The 5 Shoe Categories That Drove $447.9 Million in Sales on TikTok Shop During the Last 12 Months (WWD)

Editor’s comment: Questions asked over the future of Harvey Nics (Drapers)

BFC chair to step down (Drapers, The Business of Fashion)

Target Shares Fall After Pulling Halloween Costume Evoking Blackface (The Business of Fashion, WWD)

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Shein faces slowdown after defining ultra-fast fashion. The New York Times reports the company that built the trend-to-shelf-in-days model is now fighting for a second act, putting the durability of those economics up for review. (The New York Times, The Sydney Morning Herald)

Suppliers report caution over Harvey Nichols payment terms. Mail Online reports clothing brands are increasingly wary of dealing with Harvey Nichols after the Frasers Group takeover, citing concerns about late payments. (Mail Online)

RealReal says Gen Z buyers check resale first. The RealReal's CEO tells The Business of Fashion that over 80% of its fastest-growing segment scans the secondary market before buying new luxury, positioning resale ahead of the primary channel. (The Business of Fashion)

Also moving today:

Dick’s and Foot Locker Are in a Footwear ‘Hangover’ as Stock Tumbles 30 Percent (WWD)

Fashion Briefing: What’s behind the wave of fashion brands opening Los Angeles stores this summer (Glossy)

Frasers expresses ‘serious concerns’ over ASA’s approach to RRPs (Drapers)

UK consumer confidence hits two-year high (Drapers)

Indian Fashion Retailer Purple Style Labs Plans IPO (The Business of Fashion)

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Typhoon Saudel Shuts Ningbo, Suspends Shanghai Terminals. WWD reports the storm has closed Ningbo-Zhoushan and halted operations at two Shanghai terminals, adding to berthing delays running since July. (WWD)

Shein Pitches Discounting to Investors Ahead of IPO. Bloomberg reports Shein's founder told investors that deals are central to the fast-fashion group's recovery after a reported $70 billion valuation drop. (Bloomberg Business)

Academic Expects Outerwear Price Rises From US-Canada Tariffs. Dr. Sheng Lu told WWD that US-Canada trade measures are likely to raise fall outerwear prices for consumers. (WWD)

Also moving today:

How Nike’s Rough Ride and Dick’s New Challenges Mirror a Wider Industry Problem (WWD)

Why Vince and Authentic Brands Group Bought Drake’s OVO (The Business of Fashion)

Nike Hires Walmart Veteran Ewing as Chief Commercial Officer (The Business of Fashion, WWD)

Lululemon Senior Executive Exits in Third Recent Departure (The Business of Fashion)

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Shein IPO faces tougher ESG scrutiny, Reuters reports. Reuters reports Shein is going public into a more hostile regulatory and ESG climate than when its listing effort began five years ago, testing how public markets price fast-fashion supply-chain risk. (CNA, Global Banking & Finance Review, Reuters)

Dick's Sporting Goods cuts annual sales and profit forecasts. The retailer lowered full-year guidance, citing a cautious consumer environment, a demand signal athletic brands and their retail partners are likely to weigh in fall planning. (The Business of Fashion)

The RealReal reports vintage demand up 432 percent. The resale platform's annual report puts vintage demand up 432 percent and decade-specific saved searches up 135 percent year-over-year, per its own data, suggesting resale enters the shopper's path earlier than in prior cycles. (Luxury Daily, Yahoo News, Robb Report)

Also moving today:

EssilorLuxottica Founder’s Son Quits Management Roles After Reported Rift With CEO (The Business of Fashion)

M&S ties-up with Zalando to serve European customers (Drapers)

US Consumer Confidence Hits Seven-Month Low on Worse Outlook (The Business of Fashion)

Harvey Nichols: The price of Frasers’ lifeline (Drapers)

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Tariff Escalation Clouds North American Trade Pact. WWD reports a breakdown in U.S., Canada talks has raised concern over the future of the trilateral agreement, leaving sourcing and duty planning without a settled rulebook. (WWD)

Luxury Groups Report Early Signs of China Recovery. Executives at Europe's largest luxury firms describe a stabilising Chinese consumer, per FashionNetwork and Bloomberg, the demand signal that shapes buying plans and store pipelines. (FashionNetwork.com, The Straits Times, Bloomberg Business)

Bangladesh Garment Wage Review Timing Disputed. Unions say a new minimum wage is due by December while manufacturers point to 2028, per WWD, an unresolved date that sits inside brands' landed-cost assumptions. (WWD)

Also moving today:

Shein’s Purchase of Everlane Faces US National Security Review (The Business of Fashion)

China Port Delays Push Stranded Container Capacity Above Covid Peak (WWD)

Boohoo slapped with €2.3m fine over ‘deceptive discounts’ in France (Drapers)

Russell & Bromley creditors owed £37.5m (Drapers)

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Analysts report quiet price cuts on luxury bags. Bernstein analysts observed Gucci lowering a handbag price, per NEWS.am STYLE, reframing how brands defend volume at the top end. (NEWS.am STYLE)

Frasers Group raises Hugo Boss stake to 48 percent. Frasers says its Hugo Boss holding now stands at 48 percent, days after acquiring Harvey Nichols, per The Business of Fashion. (The Business of Fashion)

UK retail sales fall 0.5 percent in July. ONS figures show July retail volumes down 0.5 percent with clothing demand lagging, per Drapers, a data point against autumn commitments. (Drapers, The Business of Fashion)

Also moving today:

Lululemon Promotes China Head to Lead APAC, Hires Former Louis Vuitton Executive for Regional Role (WWD)

Key facts about Chinese-founded fast-fashion giant Shein (RTL Today)

France Fines Boohoo $2.3 Million Euros For Deceptive Practices (WWD)

Marquee Brands to Acquire Roots in Go-Private Deal (The Business of Fashion, Drapers)

Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud (The Business of Fashion)

Asos reshuffles and Next poaches from Primark: this week’s fashion retail people moves (Drapers)

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Shein postpones Hong Kong IPO to September, report says. The South China Morning Post reports Shein delayed taking investor orders at a reduced valuation, putting the sector's largest pending listing back in question. (The Business of Fashion)

US seeks EU due diligence carveout for American firms. WWD reports Washington's demands could limit audits and information requests deeper in fashion's global supply chains. (WWD)

Marquee Brands to acquire Roots at C$4.10 a share. WWD reports Joe Mimran's JM&A will operate the Canadian retailer post-close, testing operator-led ownership in mid-market apparel. (WWD)

Also moving today:

Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts (The Business of Fashion)

JD Sports Cuts Outlook as Shoppers Curb Spending on Sneakers (The Business of Fashion, Drapers)

TJ Maxx, Marshalls Suffer Slowdowns as US Spending Tapers (The Business of Fashion)

America’s Trading Partners Question White House Allegations of ‘Great Transshipment Scam’ (WWD)

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Corriere: Armani stake sale may slip past 2027 deadline. Italian newspaper Corriere della Sera, citing company sources, reports a sale of the Armani stake could extend beyond its March 2027 deadline as luxury market conditions stay difficult. (The Business of Fashion)

Chanel's reported first-half growth reopens luxury pricing debate. FashionUnited reports Chanel recorded 16 percent like-for-like revenue growth in the first half of 2026, driven by Matthieu Blazy's debut collections, read by some as a product-led rather than price-led result. (FashionUnited)

Also moving today:

Harrods back in the black (Drapers)

EBay Gives Solid Outlook, Says It Paid More to Acquire Depop (The Business of Fashion)

Del Vecchio Family Clashes Over $46 Billion Ray-Ban Fortune (The Business of Fashion)

Middle East Conflict, Shifting China Demand Weigh on LVMH and Kering (caixinglobal.com)

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Shein's slowing growth tested ahead of Hong Kong IPO. The Business of Fashion reports Shein continues to face investor questions on growth and costs after cutting its expected IPO valuation by over $50 billion, putting a public price on the ultra-fast model. (The Business of Fashion, Economic Times)

Samsonite to acquire lifestyle luggage brand BÉIS. Samsonite Group says it will buy digitally native BÉIS and retain its founder-led team, signalling what strategic acquirers are paying for in direct consumer relationships. (Samsonite Group)

Also moving today:

Four Takeaways From Footwear Earnings Season So Far (WWD)

Alo Takes Online-first Approach in China With Tmall Exclusive Launch (WWD)

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Shein Hong Kong IPO Could Come Next Week. Two people with knowledge of the matter say Shein's Hong Kong listing could take place as soon as August 19; the timing is unconfirmed. (The Business of Fashion)

On Shares Slump After Second-Quarter Sales Miss. On's stock fell after second-quarter sales came in below expectations and the brand trimmed its full-year outlook, a demand signal for performance footwear. (The Business of Fashion, WWD)

Also moving today:

John Lewis Managing Director Quits Job After Less Than Three Years (The Business of Fashion, Drapers)

Jonathan Anderson to debut Dior catwalk in Dublin (Drapers)

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Shein Targets Up To $40 Billion In Hong Kong IPO. The fast-fashion retailer is reported to be seeking a valuation well below its 2022 private-market peak as U.S. revenue falls and costs rise. (International Business Times, Singapore Edition)

Shein Said To Weigh Lowering Cost For Late Backers. People familiar with the matter say investors who entered at up to $64 billion could have their cost reset ahead of a lower-valued listing. (The Business of Fashion, Tech Times)

Lawmaker Presses For Consumer Share Of Tariff Refunds. WWD reports $100 billion in tariff refunds is moving, with an Illinois lawmaker urging the money go to consumers rather than importers. (WWD)

Also moving today:

Lyst Index Q2 2026: The Most Wanted Brands and Products Right Now (nss magazine, FashionNetwork.com)

Canada Goose Beats Revenue Estimates as Demand Holds Up (The Business of Fashion)

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Bloomberg Intelligence puts Shein at $22bn-$25bn. Bloomberg Intelligence values Shein's fast-fashion business at $22 billion to $25 billion, roughly a third below the $30 billion to $40 billion Reuters reported the company is seeking ahead of an IPO. (NDTV Profit, Bloomberg Business, The Business of Fashion)

Frasers Group nears Harvey Nichols takeover, Drapers reports. Mike Ashley's Frasers Group is reportedly close to acquiring Harvey Nichols, with a deal said to be possible within days, further consolidating UK department-store assets under one owner. (Drapers, The Business of Fashion)

Harvey Nichols says it cannot survive another year unaided. The upscale department store warns it will not last another year without new investment, recasting its sale process as a solvency question while bidders circle. (The Business of Fashion, Drapers)

Also moving today:

Cartier's Love Bracelet Has the Hype. The Birkin Still Has the Upper Hand (The Wall Street Journal, Hindustan Times)

Next Upgrades Profit Outlook Again on Strong Summer Spending (The Business of Fashion, Drapers)

Lenzing Closes UK, Austria Sites in Turnaround Bid (The Business of Fashion)

On the Line: Social Audits Are Failing Pakistan’s Garment Workers (WWD)

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Also moving today:

Bernard Arnault Names New CEO for His Agache Investment Firm (Bloomberg Business, FashionNetwork.com)

Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales (The Business of Fashion, Drapers)

Why Trendsetting South Korea Remains a Gem for Luxury (British Vogue)

EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth (The Business of Fashion)

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Chanel reportedly posts about 16 percent first-half growth. Reports put Chanel's half-year sales growth near 16 percent across fashion, beauty and watchmaking, a figure the privately held house has not confirmed with audited results. (nss magazine, Superhits 97.9 Terre Haute, IN, Global Banking & Finance Review)

Union alleges union-busting at H&M, Inditex Turkish supplier. An IndustriALL Global Union affiliate says H&M and Inditex failed to act on a labour dispute at supplier Eroğlu Giyim, testing their freedom-of-association commitments. (WWD)

Primark cuts prices as Shein discloses first loss. Primark's reported price cuts of up to 29 percent landed the same day Shein disclosed its first loss, as de minimis exemptions narrow for value fashion. (Tech Times)

Also moving today:

Matalan and New Look CEOs: this week’s fashion retail people moves (Drapers)

Knowledge Report | How AI Is Reshaping the Battle for Fashion and Beauty Talent (The Business of Fashion)

LVMH Sells Patou Back to Cosmetics Magnate Dilesh Mehta (The Business of Fashion)

Prestige Beauty Outpaces High-End Bags as China’s Luxury Spending Evolves (The Business of Fashion)

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HSBC Estimates Luxury Sales Grew 4.3% in Q2. British Vogue reports HSBC expected global luxury sales to rise 4.3% in Q2 2026, a baseline brands and suppliers can plan against as China stays a drag. (British Vogue)

Ferragamo Shares Fall Despite Reported Return to Profit. WWD reports the Florence-based house returned to profit, but its stock declined in Milan on Tuesday, indicating investors are weighing turnaround pace over the headline figure. (WWD, The Business of Fashion)

Shein Targets $30 to 40 Billion Valuation in August IPO. Three people familiar with the matter tell The Business of Fashion that Shein is targeting a valuation well below earlier marks, a figure that would reset fast-fashion comparables. (The Business of Fashion, The Journal Record, The Star )

Also moving today:

Top 100 Apparel Brands Ranked by Annual Sales (WWD, Yahoo! Finance)

Hugo Boss hails turnaround progress despite declining sales and profit (Drapers)

WME sells New York Fashion Week to Signet (Drapers)

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Chanel Names Hélène de Tissot Chief Financial Officer. Chanel has appointed a new CFO effective October, per Drapers and The Business of Fashion, a finance-seat change at a privately held major luxury house. (Drapers, The Business of Fashion)

eBay Completes Acquisition of Resale Platform Depop. Drapers reports the deal closed 30 July, placing a major secondhand marketplace under a large platform owner and consolidating resale supply. (Drapers)

LVMH and Kering Results Point to Fragile Luxury Recovery. The Business of Fashion reads this week's results from the two largest luxury groups as a tentative recovery against sluggish Chinese demand, the clearest read yet for suppliers and wholesale partners. (The Business of Fashion, nss magazine)

Also moving today:

Can the EU Ban on Destroying Unsold Goods Actually Work? (The Business of Fashion)

Fashion fight: a Japanese rival may be emerging to challenge Spain's Zara and China's Shein | Mint (mint)

India Changes Rule in Win for Foreign E-Commerce Companies (The Business of Fashion)

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Glossy: luxury recovery faces value-for-money question. Glossy's Luxury Briefing reviews recent earnings from six major groups with analyst commentary, framing value for money as a live tension in the sector's recovery, relevant to pricing debates. (Glossy)

WWD: brands lean on top clients for second half. WWD reports the pool of aspirational luxury buyers is shrinking, with growth in the second half framed as coming from existing wealthy clients, a direct input to clienteling and assortment plans. (WWD, Yahoo! Finance)

Also moving today:

Prada Group Focuses on Top Spenders, Creativity (WWD)

Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity (The Business of Fashion, The Business of Fashion, Bloomberg Business)

Hermès, Kering Record Stock Spread Highlights Diverging Paths (Bloomberg Business)

EXCLUSIVE: COS Revs Up Expansion in North America (WWD)

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Hermès Second-Quarter Sales Up 7%, China Lags. The Business of Fashion reports Hermès second-quarter sales rose 7 percent on European tourism and US demand, while Chinese performance disappointed, sharpening a regional split buyers are already pricing in. (The Business of Fashion)

Miu Miu Sales Growth Slows to 3% in Quarter. The Business of Fashion reports Miu Miu quarterly sales grew 3 percent, in line with the prior quarter, giving the trade a first read on whether the brand's surge is levelling off. (The Business of Fashion, nss magazine)

Reformation Valued at $886 Million in NYSE Debut. The Business of Fashion and WWD report Reformation and some shareholders raised $211 million in a New York Stock Exchange IPO, setting a public reference point for contemporary womenswear valuations. (The Business of Fashion, WWD, The Business of Fashion)

Also moving today:

Trump’s new wave of tariffs stir further uncertainty (Drapers)

Mango sales surge as it hails growth ‘ahead of wider market’ (Drapers)

Shein Will Struggle to Justify Up to $50 Billion Hong Kong IPO Valuation (The Business of Fashion, FashionNetwork.com)

Frasers increases Hugo Boss stake (Drapers)

Steven Madden Tops Expectations and Lifts Full-Year Outlook (The Business of Fashion)

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Frasers' Hugo Boss offer now unconditional, Drapers reports. Drapers reports Frasers Group's Hugo Boss takeover bid has cleared European Commission merger control, making the offer unconditional and turning a stake story into a live ownership question. (Drapers)

Gucci beats forecasts; tourism cited in Hermès sales. A Fashionista roundup reports Kering shares jumped 10% after a narrower-than-expected Gucci decline, and points to U.S. and European tourism behind Hermès' sales, locating demand outside mainland China. (Fashionista, Luxury Daily, Drapers)

Also moving today:

Breakingviews - Big luxury's wealth-effect engine could backfire (Reuters)

AI Search Is Coming to Fashion Websites (The Business of Fashion)

British Fashion Council to Boost UK Fashion Beyond London (The Business of Fashion)

Harvey Nichols bidders urged to invest £60m for turnaround (Drapers, Drapers)

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Kering Posts First Organic Growth in Three Years. Kering reported a 2 percent sales rise as Gucci's decline narrowed against estimates, an early test of whether the group's reset at its largest brand is registering in reported numbers. (The Business of Fashion)

Frasers Group Discloses Potential 4.2% Stake in Burberry. Mike Ashley's investment arm disclosed an interest worth a potential 4.2 percent of Burberry's voting rights, placing a large UK retail operator on the register mid-turnaround. (The Business of Fashion)

Also moving today:

Shein Discloses FTC Probe in US, Warns of Significant Payments (The Business of Fashion)

Back-to-school Spending Starts Strong as Consumers Stay Motivated and Deal-oriented, NRF Says (WWD)

Primark Cuts Prices Ahead of Split From AB Foods (The Business of Fashion)

Exclusive: Target aims to strengthen its tween business with new multi-year Pacsun partnership (Glossy)

Sweden Plans To Ban “Forever Chemicals” in Consumer Products By 2028 (WWD)

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Reuters: jewellery mix seen dividing luxury groups. Reuters reports investors are focusing on jewellery exposure as fashion sales stay weak, a framing that shapes how buyers, brand teams and suppliers read where luxury investment moves next. (Reuters, FashionNetwork.com, US News & World Report)

Capstone counts 75 fashion deals so far in 2026. The investment bank reports dealmaking is rising, with brand-management companies taking a buyer role previously held by private equity, a shift that bears on exit paths for mid-market brands. (WWD)

Small businesses sue over new forced-labour tariffs. Two US businesses argue the new duties exceed presidential taxing authority, a challenge that, if successful, would bear directly on sourcing compliance costs and landed-duty exposure. (The Business of Fashion)

Also moving today:

Shein swings to quarterly loss ahead of Hong Kong IPO (Drapers, The Business of Fashion)

Textiles and Apparel Targeted By Trump’s 50% Tariffs on Canada (WWD, Glossy)

Vietnam Faces Trade Squeeze as Wages Rise (WWD)

Hoka Leads Deckers’ $1B First Quarter Performance After Earnings Beat (WWD, WWD)

Japanese Shoppers Are Driving Up Jewellery Sales to a Record (The Business of Fashion, The Straits Times)

India’s Tata Group Plans 100 Annual Stores for Its Westside Brand (The Business of Fashion)

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Luxury Shares Slip Despite Reported Sales Growth. Two of three luxury groups posting higher sales saw shares fall, in what Al Bawaba describes as investors weighing guidance over current figures. (Al Bawaba, mid-east.info)

Moncler Group Q2 Sales Rise 5%, Led by Stone Island. Stone Island outperformed the Moncler brand, which The Business of Fashion reports advances the group's push to reduce reliance on winter outerwear. (The Business of Fashion, The Business of Fashion, Glossy)

Also moving today:

Reformation targets IPO valuation of up to $1bn (Drapers, The Business of Fashion)

Morgan Stanley Sees Luxury Leadership Shift as Jewelry Brands Gain Ground By Investing.com (Investing.com)

Kate Spade Names Jonathan Saunders Executive Creative Director (The Business of Fashion, The Business of Fashion)

Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace (The Business of Fashion)

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USTR imposes duties on 60 economies over forced labor. WWD and The Business of Fashion report the USTR is taking "final action" to apply double-digit tariffs to roughly 60 economies over forced-labor enforcement, a direct input to landed costs. (WWD, The Business of Fashion)

Kering names Romain Spitzer CEO of Bottega Veneta. Kering has appointed Romain Spitzer to lead Bottega Veneta from September 1, one of two chief executive changes reported this week alongside Bluesign. (WWD, Yahoo! Finance, The Business of Fashion)

Frasers raises Hugo Boss stake above 30 percent. Mike Ashley's Frasers has crossed the 30 percent threshold in Hugo Boss, which reports say triggers a mandatory takeover bid under German rules. (The Business of Fashion, Drapers)

Zegna reports 17 percent sales increase. Zegna's sales rose 17 percent with acceleration at Thom Browne and Tom Ford, per reports, a counterpoint to a uniformly weak read on luxury demand. (The Business of Fashion, WWD)

Also moving today:

Italian police raid Bulgari, Chanel offices - news (The European Times News, The Business of Fashion, The Business of Fashion)

Richemont opens FY27 with growth across all regions (Luxury Daily)

Burberry’s US Sales Boost Growth as Turnaround Gains Momentum (The Business of Fashion)

Nike to Slash Number of Online Distributors in China (The Business of Fashion)