Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
department-stores
Retail
Over 8,640 Stores to Close in US, Signalling Sea Change in Retail
With American store closings on track to surpass their 2008 peak, only the smart will survive.
Over 8,640 Stores to Close in US, Signalling Sea Change in Retail
With American store closings on track to surpass their 2008 peak, only the smart will survive.
Retail
J.C. Penney Delays Store Closures as Sales Pick Up
The stores will now be shuttered on July 31, compared with an earlier goal of mid-June.
J.C. Penney Delays Store Closures as Sales Pick Up
The stores will now be shuttered on July 31, compared with an earlier goal of mid-June.
Retail
America’s Retailers Are Closing Stores Faster Than Ever
The rapid descent of so many retailers has left shopping malls with hundreds of slots to fill, and the pain could be just beginning.
America’s Retailers Are Closing Stores Faster Than Ever
The rapid descent of so many retailers has left shopping malls with hundreds of slots to fill, and the pain could be just beginning.
Retail
Zara's New Store Challenges Corte Ingles in Retail Tussle
Zara new flagship store in Madrid takes it right on the doorstep of the traditional Spanish retailing brand that runs Europe’s largest department store chain.
Zara's New Store Challenges Corte Ingles in Retail Tussle
Zara new flagship store in Madrid takes it right on the doorstep of the traditional Spanish retailing brand that runs Europe’s largest department store chain.
Retail
Shares of US Retailers Climb After L Brands' Sales Report
L Brands' sales raised hopes that slumping sales may be hitting a floor in the brick-and-mortar retail industry.
Shares of US Retailers Climb After L Brands' Sales Report
L Brands' sales raised hopes that slumping sales may be hitting a floor in the brick-and-mortar retail industry.
Retail
3 Niche Best-Sellers: Magda Butrym, Attico and Saks Potts
Empowered by social media, emerging luxury labels Magda Butrym, Attico and Saks Potts have swiftly become best-sellers at influential stockists.
3 Niche Best-Sellers: Magda Butrym, Attico and Saks Potts
Empowered by social media, emerging luxury labels Magda Butrym, Attico and Saks Potts have swiftly become best-sellers at influential stockists.
Retail
Hudson's Bay Shares Soar to 16 Month-High on Real Estate IPO
Canada's oldest retailer had its biggest gain in 16 months after it signalled it may take its real estate assets public, unlocking value for the company as same-store sales decline.
Hudson's Bay Shares Soar to 16 Month-High on Real Estate IPO
Canada's oldest retailer had its biggest gain in 16 months after it signalled it may take its real estate assets public, unlocking value for the company as same-store sales decline.
Retail
Wall Street’s Bet Against Empty Malls Is Getting Too Crowded, Citi Says
Investors should instead consider buying protection from a mixture of bonds from retailers that include Target, Gap, Nordstrom and Macy's as a different type of short-term play.
Wall Street’s Bet Against Empty Malls Is Getting Too Crowded, Citi Says
Investors should instead consider buying protection from a mixture of bonds from retailers that include Target, Gap, Nordstrom and Macy's as a different type of short-term play.
Retail
US Retail Mall Construction Falls to Lowest in Six Years
Research shows expectations have lowered for the retail real estate industry due to the rapid rise in e-commerce and store closures.
US Retail Mall Construction Falls to Lowest in Six Years
Research shows expectations have lowered for the retail real estate industry due to the rapid rise in e-commerce and store closures.
Retail
US Consumer Confidence Reaches Highest Level in 17 Years
Consumers' confidence in the US rose to its highest level since 2000, led by optimism for finding work and a brighter assessment of business conditions.
US Consumer Confidence Reaches Highest Level in 17 Years
Consumers' confidence in the US rose to its highest level since 2000, led by optimism for finding work and a brighter assessment of business conditions.
Retail
As Bankruptcy Looms, American Retailers Must ‘Adapt or Die’
The time has come for a sweeping, much-needed reset in US apparel retail.
As Bankruptcy Looms, American Retailers Must ‘Adapt or Die’
The time has come for a sweeping, much-needed reset in US apparel retail.
Beauty
Op-Ed | Selfie-Loving Millennials Fuel Brick-and-Mortar Beauty Boom
Millennials' love of digital media, and desire to look their best in their selfies, is fuelling a beauty boom in the US and Europe.
Op-Ed | Selfie-Loving Millennials Fuel Brick-and-Mortar Beauty Boom
Millennials' love of digital media, and desire to look their best in their selfies, is fuelling a beauty boom in the US and Europe.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.