Homegrown names such as Laopu, Mao Geping and Songmont are winning over customers who are losing their taste for high-end ...

Shein, a fast-fashion retailer, and Temu, a marketplace for everything from home goods to electronics, promised their US customers eight final days of low-price shopping.

Ultraposh brands that sell to the 1% should be able to enjoy steady sales no matter the state of the economy. But that’s not what is happening, and it may be down to how brands have handled prices.