Shein shares fell more than 3% after the fast-fashion retailer's weak Hong Kong debut. The $1.7 billion IPO valued the company at $26.5 billion, well below its 2022 peak, as investors weighed slowing growth, tighter margins, tariffs and regulatory pressure.
12:21 AMEconomic Times43 stories from 5 sources
Fashion’s growth models face sharper scrutiny from markets and institutions
Day’s Recap
Supporting Articles

Brazilian apparel exporter Azzas 2154 will separate into two publicly traded companies after months of conflict among its main shareholders over governance and strategy.
11:46 AMBloomberg Markets
The planned Met exhibition had the backing of Anna Wintour but collapsed after influential New Yorkers opposed honoring Galliano, who was convicted of an antisemitic hate crime.
4:15 PMNYT New York
PVH exceeded second-quarter earnings estimates while recording substantial impairment charges. CEO Stephan Larsson said Tommy Hilfiger and Calvin Klein are showing favorable momentum.
5:00 PMWWD
UBS said Nike is no longer the industry's bellwether as athletic performance remains strong across much of the sector. The firm is bullish on On Holding, Deckers Outdoor, Amer Sports, Wolverine Worldwide and Under Armour.
4:28 PMWWD
A New York City compliance notice involving Victoria’s Secret’s local casting activity has created a new pressure point for labor groups seeking accountability after a worker died at a supplier factory in Sri Lanka.
3:53 PMWWD
TTYA, founded by Irene Agbontaen, is partnering with Asos on a capsule collection and a broader venture called TTYA [Lab], which will produce and sell clothing and accessories for tall women at scale.
1:13 PMWWD
New initiatives in Indonesia’s textile industry are intended to strengthen the sector while improving its sustainability over the coming years.
12:00 PMWWDGlobal Market: Shein shares slip after lacklustre Hong Kong debut
Summary
Shein shares fell more than 3% after the fast-fashion retailer's weak Hong Kong debut. The $1.7 billion IPO valued the company at $26.5 billion, well below its 2022 peak, as investors weighed slowing growth, tighter margins, tariffs and regulatory pressure.
The weak debut signals that investors now view Shein's growth model as more exposed to
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Shein's market debut suggests fast fashion's low-cost, high-growth formula is facing a tougher financial and regulatory environment.

Fashion Empire Azzas 2154 to Split Two Years After Failed Merger
Summary
Brazilian apparel exporter Azzas 2154 will separate into two publicly traded companies after months of conflict among its main shareholders over governance and strategy.
The split reverses the logic of the merger that created Azzas 2154 only two years
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The breakup shows how unresolved governance disputes can erase the strategic gains promised by consolidation.

How the Met’s Galliano Show Fell Apart
Summary
The planned Met exhibition had the backing of Anna Wintour but collapsed after influential New Yorkers opposed honoring Galliano, who was convicted of an antisemitic hate crime.
The decisive shift was the loss of elite consensus behind Wintour’s sponsorship. The episode limits
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The failed exhibition changes the terms under which museums can present designers whose work remains tied to serious misconduct.
2 stories · 2 sources

PVH Tops Q2 Earnings Estimates, but Sees Heavy Impairment Charges
Summary
PVH exceeded second-quarter earnings estimates while recording substantial impairment charges. CEO Stephan Larsson said Tommy Hilfiger and Calvin Klein are showing favorable momentum.
The earnings beat does not erase the cost of impairments, which point to pressure on
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PVH's recovery now depends on whether brand momentum can outweigh the damage reflected in its impairment charges.

Analyst Says Nike’s No Longer the Industry Bellwether as Athletic Performance Continues to Be a Bright Spot for Many
Summary
UBS said Nike is no longer the industry's bellwether as athletic performance remains strong across much of the sector. The firm is bullish on On Holding, Deckers Outdoor, Amer Sports, Wolverine Worldwide and Under Armour.
Investor leadership in athletic footwear is broadening beyond Nike, with performance-focused brands capturing more of
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Nike's competitive position is being judged against a wider group of faster-growing performance brands.

EXCLUSIVE: New York City Puts Victoria’s Secret Supplier Practices Under Scrutiny
Summary
A New York City compliance notice involving Victoria’s Secret’s local casting activity has created a new pressure point for labor groups seeking accountability after a worker died at a supplier factory in Sri Lanka.
The city notice shifts scrutiny from overseas factory conditions to the brand’s operations in New
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Local compliance action could broaden corporate accountability for labor conditions throughout global supply chains.

TTYA Teams With Asos on Capsule, New Clothing Brand for Tall Women
Summary
TTYA, founded by Irene Agbontaen, is partnering with Asos on a capsule collection and a broader venture called TTYA [Lab], which will produce and sell clothing and accessories for tall women at scale.
The partnership moves TTYA beyond a specialist label toward a larger commercial platform. Asos supplies
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Scaling tall-focused apparel could make inclusive sizing a more durable business category rather than a niche offering.

Indonesia Moves to Boost Textile Industry and Sustainability
Summary
New initiatives in Indonesia’s textile industry are intended to strengthen the sector while improving its sustainability over the coming years.
Indonesia is treating industrial competitiveness and environmental reform as linked priorities rather than separate agendas.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Indonesia’s textile strategy could affect both the country’s manufacturing position and the environmental standards applied across regional supply chains.
Other Developments
A curated list of other prominent stories from this day.

Amal Clooney has repeatedly worn sharp d'Orsay pumps in Venice, pairing the shoes with Tom Ford by Haider Ackermann looks.
5:21 PMWWD
Destination XL appointed Jimmy Olsson as chief growth officer. Olsson cofounded Todd Snyder and has advised Outerknown and Tommy John.
4:56 PMWWD
Untuckit's chief product and supply chain officer Björn Bengtsson discussed digitalization's effects on fashion and his interest in denim. His comments address how data is reshaping product and supply-chain decisions.
4:49 PMWWD
Authentic named Shanghai Huizhong the operating partner for Lee in China, Hong Kong and Macau. The arrangement expands Lee's operating network across those markets.
4:30 PMWWD
Amouage launched the $550 Decision 42 and Overture 41 extraits alongside a Nez study on fragrance concentration. The study identifies extrait as a leading premiumization vehicle in a wave of launches expected in 2026.
4:23 PMWWD
Sydney Sweeney wore clear heels at the 2026 Venice Film Festival with a sheer lace Zimmermann top. The look placed transparent footwear within a high-profile red-carpet styling moment.
3:44 PMWWD
The winterized Air Jordan 1 Element Low GTX is returning for the winter season in a new colorway.
3:34 PMWWD
Claire Foy attended the premiere of her film "Ink" on Wednesday wearing a monochrome Bottega Veneta look.
3:25 PMWWD
Richard E. Grant is fronting Oxfam’s Second Hand September campaign and recalled landing his role in Withnail & I after arriving at an audition in a secondhand Burberry trenchcoat that matched the character.
1:08 PMWWD
Nike’s Air Rift 2, a tabi-inspired sneaker, is being linked to MoMA through a collaboration that also includes co-branded tabi socks.
12:47 PMWWD
Nike is extending the comeback of its Zoom Skylon 11 with a new, more colorful version that is now available.
11:57 AMWWD
Skida replaced spreadsheet-based wholesale management with NuOrder, a digital platform for handling its retail business. The move gives the outdoor brand a more structured system for managing wholesale operations.
11:49 AMWWD
Claire Foy attended a photo call for "Ink" at the Venice Film Festival in a suit finished with puffy mules from Bottega Veneta. The footwear added a sculptural accent to an otherwise tailored look.
11:34 AMWWD
Maggie Gyllenhaal opened the 2026 Venice Film Festival wearing The Row. She is serving as president of the festival's main competition jury.
10:05 AMWWD
Untuckit's new jeans line is gaining consumer traction after taking the brand 18 months to develop. The launch extends the brand into denim through a deliberately developed product offering.
10:00 AMWWD
Brazilian manufacturer DelRio is developing an OEM and ODM platform for U.S. and European brands and retailers in intimates and activewear. The strategy aims to make the company a more integrated sourcing partner rather than only a production supplier.
10:00 AMWWD
The case for organic cotton has moved beyond proving that the fiber works. The central challenge is building the systems needed to expand its supply and adoption across the industry.
10:00 AMWWD
Borsalino has appointed veteran fashion executive Giacomo Cortesi as CEO. He joined the company on Sept. 1 as the hat brand strengthens its governance structure.
9:32 AMWWD
Kendall Jenner stars in a Donna Karan Collection campaign photographed by Mert Alas. The campaign draws on a late-1980s Donna Karan campaign by Dennis Piel featuring Rosemary McGrotha and frames the collection through New York City's energy.
9:30 AMWWD
Los Angeles County authorities uncovered an operation selling counterfeit Nike, Adidas and Fear of God apparel and footwear. The seizure recovered an estimated $1 million in illicit merchandise.
8:51 AMWWD
Kearney's 2026 Circular Fashion Index argues that environmental regulations can help brands create value when they adopt sustainable practices strategically. The index urges companies to treat circularity as a business lever rather than only a compliance obligation.
8:00 AMWWD
Amal Clooney Has Been on a Tom Ford Pump Streak in Venice
Summary
Amal Clooney has repeatedly worn sharp d'Orsay pumps in Venice, pairing the shoes with Tom Ford by Haider Ackermann looks.
The repeated pump choice makes footwear part of the styling strategy rather than a finishing
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Clooney is showing how one distinctive shoe silhouette can unify a high-profile wardrobe across multiple appearances.

Jimmy Olsson Joins Destination XL as Chief Growth Officer
Summary
Destination XL appointed Jimmy Olsson as chief growth officer. Olsson cofounded Todd Snyder and has advised Outerknown and Tommy John.
Destination XL is bringing in an executive with experience building contemporary menswear brands and advising
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Destination XL is betting that outside brand-building expertise can accelerate growth in a specialized retail category.

Blue Cast: Björn Bengtsson on the Downside of Data and His Love of Denim
Summary
Untuckit's chief product and supply chain officer Björn Bengtsson discussed digitalization's effects on fashion and his interest in denim. His comments address how data is reshaping product and supply-chain decisions.
More data gives fashion companies greater control over forecasting and production, but it can also
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Fashion brands must use data to reduce waste without letting analytics replace product conviction.

Authentic Expands Lee’s Global Operating Network
Summary
Authentic named Shanghai Huizhong the operating partner for Lee in China, Hong Kong and Macau. The arrangement expands Lee's operating network across those markets.
Authentic is extending Lee through a regional partner rather than managing the markets alone. That
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Lee's growth in Greater China will increasingly depend on the capabilities and incentives of local operating partners.

Amouage Raises Concentration Stakes With Decision 42 and Overture 41
Summary
Amouage launched the $550 Decision 42 and Overture 41 extraits alongside a Nez study on fragrance concentration. The study identifies extrait as a leading premiumization vehicle in a wave of launches expected in 2026.
Luxury fragrance is using higher concentrations to justify sharper price increases and reinforce exclusivity. Amouage's
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Extraits are becoming a key mechanism for expanding luxury fragrance prices and margins.

Sydney Sweeney Brings the Clear Shoe Trend to the 2026 Venice Film Festival
Summary
Sydney Sweeney wore clear heels at the 2026 Venice Film Festival with a sheer lace Zimmermann top. The look placed transparent footwear within a high-profile red-carpet styling moment.
The appearance gives the clear shoe trend renewed visibility by pairing it with another deliberately
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A high-profile red-carpet endorsement could extend clear footwear's influence beyond novelty styling.

Michael Jordan’s Upgraded Air Jordans Are Coming Back for Winter in a Brand-new Colorway
Summary
The winterized Air Jordan 1 Element Low GTX is returning for the winter season in a new colorway.
The return extends the Air Jordan 1’s reach beyond performance and into weather-ready seasonal wear.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Nike is using seasonal function and color updates to keep a legacy sneaker commercially relevant.

Claire Foy Gets Fired Up for the 2026 Venice Film Festival in Monochrome Bottega Veneta
Summary
Claire Foy attended the premiere of her film "Ink" on Wednesday wearing a monochrome Bottega Veneta look.
Foy’s premiere appearance gives Bottega Veneta prominent red-carpet visibility ahead of the 2026 Venice Film
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The appearance shows how film premieres continue to function as high-impact platforms for luxury brand positioning.

Richard E. Grant, Star of Oxfam’s Second Hand September Campaign, Loves His Old Clothes
Summary
Richard E. Grant is fronting Oxfam’s Second Hand September campaign and recalled landing his role in Withnail & I after arriving at an audition in a secondhand Burberry trenchcoat that matched the character.
Grant’s story gives the campaign a practical argument: secondhand clothing can deliver style, character, and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The campaign reflects the shift from promoting used clothing as ethical consumption to presenting it as a credible source of fashion and self-expression.

MoMA Is Turning Nike’s Trendy Tabi Sneakers Into Pop Art
Summary
Nike’s Air Rift 2, a tabi-inspired sneaker, is being linked to MoMA through a collaboration that also includes co-branded tabi socks.
The collaboration pushes the Air Rift 2 beyond performance footwear and into the cultural territory
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The partnership shows how museums can help brands convert distinctive product design into cultural capital.

Nike’s Newest Retro Running Sneaker Gets Covered in Color With New Style That’s Available Now
Summary
Nike is extending the comeback of its Zoom Skylon 11 with a new, more colorful version that is now available.
The release adds fresh styling to a retro running model instead of relying on archival
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The launch shows how Nike is using its archive as an ongoing product pipeline rather than a one-time nostalgia play.

Skida Taps NuOrder to Strengthen Its Wholesale Business
Summary
Skida replaced spreadsheet-based wholesale management with NuOrder, a digital platform for handling its retail business. The move gives the outdoor brand a more structured system for managing wholesale operations.
Skida is shifting wholesale from manual administration to a platform built for retailer orders and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The investment shows that back-end systems are becoming essential to scaling independent fashion brands.

Claire Foy Finishes Her Suit Look With Statement Mules at the Venice Film Festival
Summary
Claire Foy attended a photo call for "Ink" at the Venice Film Festival in a suit finished with puffy mules from Bottega Veneta. The footwear added a sculptural accent to an otherwise tailored look.
The statement mule shifts the suit away from conventional red-carpet polish and toward a more
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Bold footwear is becoming a key tool for making tailored celebrity looks feel distinctive.

Maggie Gyllenhaal Kicks Off the 2026 Venice Film Festival in The Row
Summary
Maggie Gyllenhaal opened the 2026 Venice Film Festival wearing The Row. She is serving as president of the festival's main competition jury.
Gyllenhaal's dual role gives the look institutional weight beyond a standard red-carpet appearance. The choice
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A high-profile cultural appointment gives The Row visibility through influence rather than overt branding.

Untuckit’s New Jeans Gain Traction With Consumers
Summary
Untuckit's new jeans line is gaining consumer traction after taking the brand 18 months to develop. The launch extends the brand into denim through a deliberately developed product offering.
Early demand suggests Untuckit may be translating its existing fit and casualwear positioning into a
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Successful jeans could give Untuckit a larger wardrobe role and a stronger foundation for category growth.

Building the Future of Western Hemisphere Intimates and Activewear Sourcing
Summary
Brazilian manufacturer DelRio is developing an OEM and ODM platform for U.S. and European brands and retailers in intimates and activewear. The strategy aims to make the company a more integrated sourcing partner rather than only a production supplier.
DelRio is responding to brands' need for regionalized, flexible sourcing by combining manufacturing with product
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The move reflects a broader shift toward closer, more responsive sourcing partnerships in technically demanding categories.

Op-Ed: Organic Cotton’s Moment is Now, And Here’s What Must Change
Summary
The case for organic cotton has moved beyond proving that the fiber works. The central challenge is building the systems needed to expand its supply and adoption across the industry.
Organic cotton cannot scale through consumer demand alone; it requires reliable sourcing, processing capacity and
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The next phase of organic cotton depends on infrastructure and coordination, not marketing claims.

Borsalino Names CEO as It Strengthens Governance
Summary
Borsalino has appointed veteran fashion executive Giacomo Cortesi as CEO. He joined the company on Sept. 1 as the hat brand strengthens its governance structure.
The CEO appointment formalizes leadership at a moment when Borsalino is seeking greater organizational discipline.
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A clearer executive structure can help Borsalino turn heritage equity into sustained growth.

Kendall Jenner Appears in Donna Karan Collection Campaign Capturing New York City’s Energy
Summary
Kendall Jenner stars in a Donna Karan Collection campaign photographed by Mert Alas. The campaign draws on a late-1980s Donna Karan campaign by Dennis Piel featuring Rosemary McGrotha and frames the collection through New York City's energy.
The campaign uses archival continuity to link Donna Karan's original New York identity with a
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The campaign shows how fashion brands can refresh legacy codes without abandoning the city-driven identity that built them.

LA Counterfeit Bust Leads to Recovery of $1M In Nike, Adidas Streetwear
Summary
Los Angeles County authorities uncovered an operation selling counterfeit Nike, Adidas and Fear of God apparel and footwear. The seizure recovered an estimated $1 million in illicit merchandise.
The scale of the haul shows that counterfeiters are targeting premium streetwear demand across both
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
The bust underscores how counterfeit networks are monetizing the overlap between sportswear, hype and luxury fashion.

Environmental Regulations Can Create Value for Brands
Summary
Kearney's 2026 Circular Fashion Index argues that environmental regulations can help brands create value when they adopt sustainable practices strategically. The index urges companies to treat circularity as a business lever rather than only a compliance obligation.
Regulation is shifting sustainability from voluntary positioning toward an operating requirement that can affect materials,
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Environmental rules are becoming a competitive factor, not just a constraint on fashion businesses.
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