Actual News 247

Lululemon announced on Tuesday the appointment of Ranju Das to the role of chief AI and technology officer, effective September 2. Read More

Ralph Lauren will once again outfit the United States Ryder Cup Team, marking the brand’s seventh consecutive partnership with the PGA of America. Read More

PVH Corp. boosted its forecast for the current year following stronger sales in the second quarter on celebrity partnerships and entertainment deals.  Read More

On August 27, a 50% tariff on Indian goods entering the U.S. is set to come into effect. A prospect that is especially concerning for India’s textile-apparel sector, of which the U.S. is the main client. Read More

Biotech beauty firm Debut announced on Tuesday it has inked $20 million in investments to expand its AI-based ingredient discovery platform and scale its formulation business in the U.S. and Asia.   Read More

Erdem has opened an immersive pop-up installation at Selfridges London store until mid-September as the British luxury brand preps for its SS26 runway show at London Fashion Week on September 21.  Read More

Retail giant JD Sports Fashion has issued a trading update for Q2 and the first half and while like-for-like (LFL) sales dipped in both periods, ‘organic’ sales rose. Read More

​Many retailers are diversifying beyond pure retail these days and choosing different ways to do it (think John Lewis’s homes to rent). Frasers Group is also diversifying but its moves retain strong retail links. Read More

JD.com reported a 22.4% increase in second-quarter sales, reaching $49.8 billion, as it expands into food delivery and the European market. But net profit fell sharply amid tough competition from Alibaba and Meituan. Read More