Why Some Designers Are Creating Their Own Dupes

Putting AI Shopping Assistants to the Test; Why Adidas's China Comeback Is Lagging Nike's

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, MAY 10, 2023 Luxury brands used to hold their fast-fashion collaborations at arm's length, but changing consumer attitudes and new financial incentives are changing the high-low game. Adidas's recovery in China is lagging Nike's in part because it is more vulnerable to local competitors. BoF tested whether the new wave of AI shopping assistants are ready for primetime. A large Adidas investor plans to ask the German sportswear giant to make public details of how it handled misconduct allegations against Ye, the Financial Times reports. Coty's sales and profits soared as consumers indulged in smaller luxuries like lipsticks and fragrances. Warby Parker, Thredup and other fashion start-ups showed progress toward narrowing losses in their latest quarterly results.

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RETAIL Why Some Designers Are Creating Their Own Dupes By Faran Krentcil

Luxury brands used to hold their fast-fashion collaborations at arm's length, but changing consumer attitudes and new financial incentives are changing the high-low game. READ MORE

CHINA Why Adidas' China Comeback Is Lagging Nike's By Tiffany Ap

Both brands saw sales decline during the Uighur forced labour controversy but Adidas is more vulnerable to competition from local sportswear giants Li Ning and Anta. READ MORE

TECHNOLOGY Putting AI Shopping Assistants to the Test By Marc Bain

A new wave of ChatGPT assistants from companies like Shopify and Kering could transform how we shop online. It's unclear how well they actually work, so BoF took them for a spin. READ MORE

Coty's Fragrances Sweeten Profit Forecast After Strong Beat READ MORE

Reformation's IPO Push Bets on Going Green in $200 Eucalyptus Pants READ MORE

Adidas Facing Investor Pressure to Reveal Findings of Ye Investigation READ MORE

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NEWS BRIEFS ThredUp and The RealReal Inch Closer to Profitability At Warby Parker and Allbirds, Signs of Progress Victoria's Secret Is Rebooting Its Scandal-Plagued Fashion Show as Movie Britain's JD Sports to Buy France's Courir in $572 Million Deal Aditya Birla Fashion and Retail Acquires TCNS Clothing

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Chalhoub Group Is Hiring Opportunities at Chalhoub Group include a Copywriter, a Strategy Associate and a Graphic Designer in Dubai. As well as a Trade Marketing Executive in Jeddah, and a Makeup Artist in Dammam. Chalhoub Group is a luxury goods retailer and distributor based in the Middle East, founded by Michel Chalhoub in 1955. A regional distribution and franchise partner, the company works with hundreds of global fashion and beauty brands including Dior, Tory Burch and Yves Saint Laurent, along with joint ventures with LVMH, Christian Louboutin and Farfetch. Chalhoub Group is now hiring an FP&A associate and a retail manager in Jeddah. VIEW JOBS

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