Bloomberg news and archive

US Consumer sentiment rebounds, offering relief to retailers

US consumer sentiment jumped in June by the largest margin since early 2024, signaling a potential rebound in consumer confidence just as the retail sector eyes relief from persistent inflationary pressures and geopolitical trade anxieties. The University of Michigan’s preliminary sentiment index rose to 60.5, an 8.3-point increase over May,...

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Business

The luxury market outlook remains uncertain in the US and China

The luxury fashion industry is grappling with significant market uncertainties, particularly as the crucial Chinese and US markets encounter challenges. Despite LVMH's robust revenue postings - with its performance seen as indicative of broader luxury sector trends - concerns persist about a potential replay of the boom and bust cycle witnessed...

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Fashion

Burberry debuts on Bloomberg's Gender Equality Index

Burberry has made it onto Bloomberg’s 2021 Gender Equality Index (GEI). It is the first time the British luxury goods brand has made the ranking. The GEI tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation and transparency. The 2021 Index...

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Fashion

Is full price fashion over?

It is well documented that fast fashion brands have had a negative impact on consumer shopping habits. Many customers are no longer willing to pay full price for clothing, with discounting, off-price retail and affordable fast fashion changing the global retail landscape. But never before has high-end fashion had it so tough. Today I visited...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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Report

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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