Shein warns on Trump tariff uncertainty after profits slip

Shein warns on Trump tariff uncertainty after profits slip

Fast-fashion retailer recorded 20% growth in sales and fees to $37bn but big hit is expected from US changes to import tax rules Business live – latest updates Shein has reported a 20% rise in global revenues to $37bn (£27.7bn) but profits have fallen as the fast-fashion retailer faced increased costs, even before it felt the impact of recent changes to US tax laws. The Singaporean parent company of the rapidly growing retailer said pre-tax profits had fallen by 13% to $1.5bn last year from $1.3bn in 2023 after an increase in selling and marketing costs, according to new accounts. Continue reading...

Jess Cartner-Morley on fashion: the number-one rule for coats this winter – make it long

Jess Cartner-Morley on fashion: the number-one rule for coats this winter – make it long

There are a totally different set of rules for jackets, but a coat should be well below your knees I shouldn’t tell you this, because I’m effectively doing myself out of a job, but there’s really only one thing you need to know about fashion this season. I mean, there are a thousand and one ways to tie a scarf or curate your necklaces or layer your knitwear – and I fully intend to bend your ear about all of them over the coming months – but at a pinch you could follow this single dictum, ignore absolutely all of the rest of it and be good to go. Your coat needs to be long. That’s it, that’s the big news. If your coat reaches almost to your ankles, you will look as if you know your stuff style-wise. Like your hairstyle or the width of your jeans, the length of your coat is one of those details that is a fashion tell. It does not lie. It gives you away, for better or for worse. Someone walking towards you will register it, and it will place you on the style spectrum before they are close enough to see your face. Continue reading...

George Russell stays at Mercedes next season but door not shut on pursuit of Verstappen

George Russell stays at Mercedes next season but door not shut on pursuit of Verstappen

Team to stick by driver pairing before regulation change Wolff remains keen on signing Dutch world champion George Russell will remain with Mercedes for next season after the Formula One team confirmed they would be sticking with their drivers in 2026. However, the length of the contracts signed by the Briton and his teammate Kimi Antonelli has not been specified, potentially leaving the Formula One team open to once more pursue Red Bull’s Max Verstappen for 2027. The long-expected decision comes after a protracted period of negotiation with Russell, as Mercedes seeks stability going into the new regulations of 2026. The 27-year-old British driver has five wins in eight seasons in F1, including victory in Singapore, helping propel Mercedes into a fight for second in the world championship with Ferrari and Red Bull. Continue reading...