Saks Global Nabs $500 Million in Post-Bankruptcy Financing
The department store group aims to exit Chapter 11 by summer with a leaner store footprint and repaired vendor relationships.
Cathaleen Chen
Retail Editor
Cathaleen Chen is Retail Editor at The Business of Fashion (BoF). She is based in New York and drives BoF's coverage of the retail and direct-to-consumer sectors. Prior to BoF, Cathaleen was a consumer reporter for TheStreet and covered real estate for The Real Deal. She graduated from Northwestern University with a degree in journalism.
Retail
How to Launch New Categories Without Losing Your Way
Expanding into new products can drive massive growth — or completely ruin a brand. Here is how industry leaders at Canada Goose, Drunk Elephant and Havaianas navigate the high-stakes business of category expansion, avoid dilution and pinpoint the right time for their biggest launches.
How to Launch New Categories Without Losing Your Way
Expanding into new products can drive massive growth — or completely ruin a brand. Here is how industry leaders at Canada Goose, Drunk Elephant and Havaianas navigate the high-stakes business of category expansion, avoid dilution and pinpoint the right time for their biggest launches.
Technology
What Founders Can Learn From Phia’s Mistakes
Behind Phia’s unfolding scandal lies a series of avoidable strategic and reputational blunders. Here are seven critical takeaways for founders building a fashion startup.
What Founders Can Learn From Phia’s Mistakes
Behind Phia’s unfolding scandal lies a series of avoidable strategic and reputational blunders. Here are seven critical takeaways for founders building a fashion startup.
Retail
The World’s Best Fashion Stores, Decoded
BoF’s retail editor Cathaleen Chen joins Sheena Butler-Young to break down the standout names and data behind BoF’s inaugural list of the world’s 65 best independent fashion stores — and why the pleasure of ‘moseying around’ is still so relevant amongst consumers.
The World’s Best Fashion Stores, Decoded
BoF’s retail editor Cathaleen Chen joins Sheena Butler-Young to break down the standout names and data behind BoF’s inaugural list of the world’s 65 best independent fashion stores — and why the pleasure of ‘moseying around’ is still so relevant amongst consumers.
Luxury
Blazy or Bust: Luxury’s Zero Sum Game
Chanel’s surging sales underscore that the luxury industry’s challenges may be less about demand than desirability.
Blazy or Bust: Luxury’s Zero Sum Game
Chanel’s surging sales underscore that the luxury industry’s challenges may be less about demand than desirability.
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Retail
Why Independent Retail Is More Important Than Ever
From Brooklyn to Shanghai, a multibrand retail renaissance is taking shape, powered by a thirst for independent stores with a more hand-crafted, human quotient in a world flattened by digital transactions.
Why Independent Retail Is More Important Than Ever
From Brooklyn to Shanghai, a multibrand retail renaissance is taking shape, powered by a thirst for independent stores with a more hand-crafted, human quotient in a world flattened by digital transactions.
Retail
The Best Fashion Stores in the World
Introducing an insider’s guide to the independent retailers with the most distinctive edits and experiences, hand curated by the editors of BoF.
The Best Fashion Stores in the World
Introducing an insider’s guide to the independent retailers with the most distinctive edits and experiences, hand curated by the editors of BoF.
Retail
Methodology: How We Selected The Best Fashion Stores in the World
To build our index of the global independent retail landscape, we established a rigorous, multi-tiered evaluation process, by casting a wide net and starting from the bottom up.
Methodology: How We Selected The Best Fashion Stores in the World
To build our index of the global independent retail landscape, we established a rigorous, multi-tiered evaluation process, by casting a wide net and starting from the bottom up.
Luxury
What Makes Madison Avenue Work
The renaissance of the Upper East Side shopping district reflects a broader shift in how brands are rethinking their retail strategies, prioritising affluent neighbourhoods where loyal customers live and dine.
What Makes Madison Avenue Work
The renaissance of the Upper East Side shopping district reflects a broader shift in how brands are rethinking their retail strategies, prioritising affluent neighbourhoods where loyal customers live and dine.
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Luxury
Kate Spade Names Jonathan Saunders Executive Creative Director
After years without a single creative leader, the Tapestry-owned brand is betting the Alexander McQueen and Calvin Klein alum can help reignite growth and sharpen its identity.
Kate Spade Names Jonathan Saunders Executive Creative Director
After years without a single creative leader, the Tapestry-owned brand is betting the Alexander McQueen and Calvin Klein alum can help reignite growth and sharpen its identity.
Retail
How Nili Lotan Is Finding Growth in a Crowded Market
On track to generate $150 million in sales this year, the New York label is entering footwear for the first time as it looks to expand beyond its signature wardrobe staples.
How Nili Lotan Is Finding Growth in a Crowded Market
On track to generate $150 million in sales this year, the New York label is entering footwear for the first time as it looks to expand beyond its signature wardrobe staples.
Retail
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Why Shein Is Worth Far Less Than Before
This week, Shein received approval for a long-awaited IPO targeting a valuation of around $40 billion, a steep markdown from its peak valuation of $100 billion in 2022 due to slowing growth, regulatory hurdles and a weak consumer environment.
Retail
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
Americana Sells. Why Are Brands Afraid of Celebrating America?
The resurgence of Americana has fuelled growth for brands like Ralph Lauren, but America’s 250th anniversary is exposing how difficult it has become to separate national identity from politics.
The News in Brief
Aritzia Buys Fred Segal IP and Plans to Revive Melrose Avenue Flagship
Aritzia plans to revitalise the store and its famous ivy-covered façade, transforming it into a renewed multibrand lifestyle destination.
EBay Acquires Depop from Etsy for $1.2 Billion
With the purchase, the e-commerce giant is gaining a critical foothold with younger shoppers and will expand its share in luxury resale.
Saks Global to Close Nine Stores
The move follows the company’s announcement last week to shutter its off-price business, Saks Off Fifth.
FWRD Names Rosie Huntington-Whiteley as Fashion Director
The Revolve-owned retailer is doubling down on its celebrity-led strategy, adding Huntington-Whiteley to its executive ranks as it looks to widen its lead in the luxury e-tail market.
Frasers Group Acquires Majority Stake in The Webster
The specialty retailer, which has 13 locations across North America, will continue to operate as a standalone business.
Vestiaire Collective Chief Executive Max Bittner Exits
CFO Bernard Osta, a former investment banker who joined the resale platform in 2021, will step into the top job, effective immediately.
Report: Saks Global to Sell $1 Billion Stake in Bergdorf Goodman
The retailer is seeking an investor to take on 49 percent of the New York luxury retailer, according to the Wall Street Journal. Proceeds will go towards easing a heavy debt load less than a year after acquiring Neiman Marcus.