France is introducing a new piece of legislation that seeks to lower the environmental impact of ultra-fast fashion juggernatu Shein.

VF Corp has been downgraded by S&P after posting negative sales growth for the second quarter in a row. Vans is leading sales decline for VF, but the pressure to offload other underperforming brands is mounting, and activist investors are pushing for not just “non-core divestitures”, but also aggressive cost-cutting.

Abercrombie & Fitch crashes the so-called “Magnificent 7’ party. The retailer is outperforming most tech stocks, and downright putting stocks like Apple and Tesla to shame.