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News of Chinese president Xi Jinping's crackdown on wealth inequality prompted a selloff of luxury stocks amid concerns it could hurt sales among the industry's biggest shoppers. → Read More
Amazon's ambitions have always been bigger than just dominating e-commerce. → Read More
Walmart's rapid growth helped it stand out as a genuine competitor to Amazon online. → Read More
In the wake of Amazon's ban on Chinese companies over abuses of its review system, Shenzhen is offering businesses cash to set up independent shops. → Read More
Consumers are often the ones left to police companies through their purchases, but advocates of government regulation say the approach isn't working. → Read More
Adidas said it is selling Reebok to Authentic Brands Group for up to $2.5 billion. → Read More
While sales rise at The RealReal, Poshmark, and ThredUp, consistent profits remain harder to come by. → Read More
Greta Thunberg used her cover turn at Vogue Scandinavia to go after fast fashion for "green washing." → Read More
Levi's said its purchase of Beyond Yoga allows it to diversify its business and break into the thriving activewear market. → Read More
Rihanna and LVMH have created a powerful partnership that's made both of them a lot of money. → Read More
To celebrate the 200th birthday of Louis Vuitton—and to reach new audiences—the company has released "Louis 200," a video game for iOS and Android. → Read More
Foot Locker also said its acquisition of atmos means "potential for Foot Locker, Inc. collaborations." → Read More
Amazon is known for selling a huge range of stuff like books, TVs, diapers, and more, but a growing share of its sales fall into what the company calls services. → Read More
The move is a way for Walmart to make money from tools it originally built for its own use in its bid to transform its business for the digital era and keep pace with Amazon. → Read More
The virtual, livestream format of Robinhood's "roadshow" ahead of its IPO sent a message to both existing customers and interested investors. → Read More
Japan's Yuto Horigome, sponsored by Nike, beat out competition from Brazil and the US in the street skating competition. → Read More
A medley of themes from popular Japanese video games welcomed the athletes as they entered the stadium during the opening ceremony of the Tokyo Olympics. → Read More
The US will be wearing Ralph Lauren, Italy will be in Armani, and Canada will wear denim jackets. → Read More
LVMH and Virgil Abloh, founder of Off-White, have announced a greatly expanded partnership. → Read More
Some of Nike's supplier factories in Vietnam have closed due to Covid outbreaks, but Nike has a diversified manufacturing base. → Read More