First Pass

46 stories from 5 sources

Shein's discounted IPO puts fashion's growth model under scrutiny

Day’s Recap

Supporting Articles

Shein is expected to raise about $1.7 billion in its Hong Kong initial public offering, pricing just above the midpoint of its proposed range and valuing the company at slightly more than $26 billion. That is far below the roughly $100 billion valuation it held four years ago.

6:44 AMBloomberg Markets

Nike and Dick’s Sporting Goods are confronting excess inventory in older lifestyle footwear models. Those products now require clearance, reflecting a broader problem across sportswear.

5:18 PMWWD

Abercrombie & Fitch shares rose 36% after the company exceeded second-quarter earnings expectations and raised its guidance. Record revenue, brand growth, tariff refunds, buybacks and new partnerships strengthened investor confidence, while Jefferies increased its price target.

2:14 AMEconomic Times

Gap Inc. reported a decline in second-quarter sales, slightly lowered its full-year sales forecast and raised its earnings-per-share outlook. Old Navy also changed leadership as the company adjusted its operating expectations.

4:49 PMWWD

Nike hired a new chief commercial officer from Walmart after eliminating the role in December. The earlier restructuring led to the departure of longtime executive Craig Williams.

3:35 PMWWD

Finnish fiber company Spinnova has filed to raise $15 million in a U.S. initial public offering. The proceeds would help restart its demonstration operation as the company tries to turn brand interest into binding commercial business.

12:33 PMWWD

Other Developments

A curated list of other prominent stories from this day.

The article recommends nine women’s shoes designed to combine comfort and style for travel. The selection targets both fast-paced airport movement and extended walking in unfamiliar cities.

7:30 PMWWD

A US-Canada trade conflict is expected to raise the cost of outerwear this fall, according to Sheng Lu. Consumers may encounter higher prices as trade pressures affect the category.

6:40 PMWWD

Marc Jacobs has cast Jemima Kirke and Rowan Blanchard in “The Swap,” a scripted Fall 2026 campaign about an accidental handbag exchange that sparks a chase through New York City. Jeremy O. Harris also appears in the micro-drama.

6:12 PMVariety

Asics has opened a dedicated SportStyle pop-up in Midtown New York during the US Open and New York Fashion Week. The store will operate through September 15.

5:04 PMWWD

The article showcases the footwear worn by Yara Shahidi, Storm Reid, Omarion and other celebrities at the 2026 BMI R&B/Hip-Hop Awards. Nas received the BMI Icon Award at the event.

4:01 PMWWD

Celebrity looks from Taylor Swift, Katie Holmes and others recast loafers, Oxfords and Derby shoes for fall. The styling ranges from tortoise patent finishes to white socks worn over black tights, pushing the shoes beyond conventional workwear.

3:24 PMWWD

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