Core Viewpoint - Nike is consolidating its US distribution center operations, resulting in the layoff of 775 employees in Tennessee and Mississippi as part of a strategy to streamline operations and enhance efficiency [1][2]. Group 1: Job Cuts and Operational Changes - The company plans to cut 775 jobs to sharpen its supply chain footprint and accelerate the use of advanced technology and automation [1]. - This move is part of CEO Elliott Hill's "win now" strategy aimed at returning Nike's revenue to growth after facing challenges such as declining sales and increased competition [2]. - Previous workforce reductions included a 1% cut in corporate staff in 2025 and a shake-up in senior leadership, eliminating roles such as chief technology officer and chief commercial officer [3]. Group 2: Future Outlook and AI Concerns - Nike expects these job cuts to support its path back to long-term, profitable growth [4]. - The company is responding to growing concerns about AI potentially replacing human workers, as seen in workforce reductions by other companies like HP and Amazon [4]. - A study from MIT indicates that AI's skills overlap with over 11.7% of the US labor market, highlighting the broader implications of automation in the workforce [4].

American Rebel Holdings Inc. (NASDAQ:AREB) jumped 45.41% on Wednesday, trading at $0.63 in the after-hours session, following the announcement of a 1-for-20 reverse stock split set to take effect on Feb. 2.Split Takes Effect February 2The Nashville-based patriotic lifestyle brand company said the reverse stock split will take effect at 12:00 a.m. Eastern Time on Feb. 2. The stock will continue trading under the symbol “AREB” with a new CUSIP number, 02919L802.According to the company's press release, Americ ...

Core Insights - Burberry's underlying retail sales increased by 3 percent in the holiday trading quarter, driven by strong performance from Gen Z shoppers in China and the Asia-Pacific region [1][4] - The company's overall retail revenue rose by 1 percent to 665 million pounds, exceeding consensus estimates of a 2 percent increase, resulting in a 4 percent rise in share price [2] - Comparable store sales improved by 3 percent, contrasting with a 4 percent decline in the same period last year, with growth attributed to existing stores rather than new openings [3] Regional Performance - Sales in China rose by 6 percent, while the Asia-Pacific region saw a 5 percent increase, and the Americas region grew by 2 percent during the quarter [4] - The company noted that its Burberry Forward strategy is gaining momentum, leading to improved comparable sales growth and revenue quality across various channels and regions [4][6] Product and Marketing Strategy - Burberry's marketing campaigns focused on "immersive timeless British luxury" resonated well with customers, contributing to strong performance in the outerwear category, which is now extending to accessories and ready-to-wear [5] - The company reported a "higher quality" of revenue across all channels and regions, with a shorter and more discreet markdown period compared to the previous year [7] Financial Outlook - Burberry anticipates that adjusted operating profit will align with consensus for fiscal 2025-26, indicating confidence in building on recent progress in revenue quality and sustainable long-term value [6]

Group 1 - The group reported double-digit growth among Gen Z in Greater China and Asia-Pacific [1] - The reach with younger consumers across all regions is strengthening [1]

Core Viewpoint - The rapid growth of e-commerce and live-streaming sales in the beauty and apparel market has led to various consumer issues, including counterfeit products, false advertising, material discrepancies, and difficulties in returns, which harm consumer rights and affect industry development [1][4]. Common Consumer Disputes - Counterfeit and imitation products are prevalent, particularly in high-end shoes and "affordable alternatives" to branded cosmetics [2][5]. - False advertising is rampant, with excessive use of filters and exaggerated claims (e.g., "whitening in seven days," "slimming effect") leading to significant discrepancies between the product and its description [2][5]. - Product quality defects include issues such as clothing seams coming apart, color fading, pilling, and cosmetic reactions like allergies or abnormal textures [5]. - Difficulties in returns arise when merchants impose hidden barriers, such as claiming "affects secondary sales" or "no returns on discounted items" [5]. - Inducement of false reviews through small cash rewards encourages consumers to alter or delete genuine feedback, skewing purchase decisions [5]. Steps and Channels for Consumer Rights Protection - Evidence preservation is crucial; consumers should take photos, record videos, and keep screenshots of product pages, live streams, chat records, payment receipts, and logistics information [3][5]. - Direct negotiation with merchants is recommended, utilizing platform chat tools or phone calls to clearly state issues and present evidence while requesting returns or compensation [3][5]. - If merchants refuse to cooperate, consumers can request platform customer service intervention, as major e-commerce platforms have complaint entry points typically found in "My Orders" [3][5]. - Reporting to third-party complaint platforms, such as Black Cat Complaints, is advisable if platform responses are inadequate or merchant attitudes are poor; users can submit complaints via the app, WeChat mini-program, or official website [3][5]. - Administrative complaints can be filed with the 12315 hotline or website of the merchant's or platform's location, providing evidence as necessary [3][5]. - For significant amounts or personal injury cases (e.g., severe allergic reactions from cosmetics), consulting a lawyer and pursuing legal action is recommended [3][5]. Advantages of Black Cat Complaints in Beauty and Apparel Rights Protection - The complaint process is transparent, allowing users to track processing stages, company responses, and outcomes, reducing information asymmetry [3][5]. - The platform has a quick response mechanism for businesses, especially those in e-commerce and beauty/apparel sectors, ensuring timely handling of complaints [3][5]. - The platform serves a public oversight role, as complaint content is displayed after anonymization, creating social pressure on companies to address issues [3][5]. - Collective complaints can be initiated for brands or merchants with frequent similar issues, enhancing the effectiveness of rights protection [3][5]. Consumer Reminders and Suggestions - Prioritize shopping from reputable, highly-rated stores and carefully review product details and user feedback, especially negative reviews with images [3][5]. - Maintain rationality during live shopping, avoiding traps like "lowest price online" or "limited-time offers," and consider saving items to compare prices later [3][5]. - Recording unboxing videos upon receipt is advisable to document any issues for evidence [3][5]. - When pursuing rights protection, consumers should be assertive, logical, and well-prepared with evidence, utilizing various complaint tools and channels simultaneously [3][5].

Core Insights - Goody, a leading hair accessories brand, has launched a limited-edition collection in collaboration with Lee, marking Lee's first entry into the hair and beauty market [1][2] - The collection features 20 items, including hairbrushes, hair ties, headbands, scrunchies, claw clips, and bows, all inspired by American denim style [2] - The collection is exclusively available at Walmart, Walmart.com, and Lee.com, with prices ranging from $5.94 to $12.94, making it an affordable option for consumers [2][3] Company Overview - Goody has been a leader in the hair accessory market since its founding in 1907, known for its 'ouchless' hair accessories that allow for personal style expression without damaging hair [4] - Lee, a brand under Kontoor Brands (NYSE: KTB), has a 135-year history in designing denim and workwear, appealing to a global audience with products sold in over 100 countries [4] - Lee's focus on trend-right and timeless styles, along with its integration into pop culture through collaborations, aims to attract a new generation of fans [4]

Core Viewpoint - UniFirst's profitability was negatively impacted by investment activities in the first quarter, leading to a decline in stock price following the earnings report [1][6]. Financial Performance - For the first quarter of fiscal 2026, UniFirst reported revenue of over $621 million, a year-over-year increase of nearly 3% [2]. - Net income decreased by 20% to $34.4 million, translating to $1.89 per share, which fell short of analyst expectations of $2.10 per share [2][3]. - The revenue growth was attributed to new customer acquisitions and improved retention of existing clients [3]. Market Reaction - Following the earnings release, UniFirst's stock experienced a 3% decline, reflecting investor sentiment regarding the company's performance [1]. Guidance and Outlook - UniFirst maintained its full-year guidance for fiscal 2026, projecting revenue between just under $2.48 billion and almost $2.5 billion, with GAAP earnings expected to be between $6.58 and $6.98 per share [5]. - Comparatively, the previous year's figures were $2.43 billion in revenue and $7.98 per share in earnings [5].

Centric Brands is expanding its operations with the acquisition of select assets of Fownes Brothers & Co. As part of the deal, the brand management firm purchased operations, assets, and intellectual property pertaining to the design, development, sourcing, production, sales, and distribution of existing product lines in the cold-weather accessories category from Fownes Brothers. Terms of the deal were not disclosed. More from WWD As part of the acquisition, Centric Brands will assume key licenses inclu ...

Group 1 - JD.com collaborates with Hunan TV and Mango TV to host the 2025-2026 New Year's Eve concert in Haikou, promoting a vibrant red theme for the New Year celebration [1] - The JD Fashion and Beauty New Year Gala features a variety of products including women's wear, men's wear, shoes, accessories, outdoor sports gear, and bags, all under the "Qiji Red" branding [1] - Promotions include a significant discount of 300 yuan for purchases over 1000 yuan, along with various exclusive offers such as a 585 yuan coupon package for PLUS members and a continuous series of discounts starting January 1, 2026 [1] Group 2 - The New Year fashion event emphasizes the importance of red clothing for family gatherings, with options for both men and women that combine warmth and style [3] - Popular items include a red shoulder-knit sweater for women and a red sweatshirt from Hailan Home for men, both designed to embody the festive spirit and cultural significance of the New Year [3] - The trend of national style clothing continues to gain popularity, with unique red outfits enhancing the celebratory atmosphere of the New Year [4] Group 3 - Children's red outfits are highlighted as essential for New Year celebrations, featuring a red knitted cardigan and accessories that enhance the festive look for young girls [5] - The overall theme of "Qiji Red" has sparked a nationwide trend in festive dressing, encouraging consumers to embrace this color for good fortune in the New Year [7]

Cheng Xin/Getty Images Nike says its business is midway through a turnaround. Key Takeaways Nike shares, which are down 10% today, are stuck below the prices that predated Elliott Hill's days as CEO. Investors initially welcomed the news that Hill would return to Nike. Today's drop indicates that they're looking for more before declaring the turnaround a success. Nike hoped a new CEO could get its stock rising again. So far, the change just hasn't done it. Shares of Nike (NKE) have fallen some 20% ...