Meta Expected to Unveil Smart Glasses Without Camera
Smart glasses have become a target of criticism in recent months amid growing concerns they can be used to record people without their consent.
department-stores
Retail
Can American Retailers Kick Their Discounts Addiction?
Rampant discounting at American retailers is creating a race to the bottom, shrinking profit margins and diminishing brand value. Where will it end?
Retail
Finnish Retailer Stockmann Announces Abrupt Departure of CEO in midst of Restructuring
Loss-making Finnish retailer Stockmann announced the surprise departure of its chief executive on Monday, raising questions over the company's ongoing restructuring.
Retail
Neiman Marcus Bonds Jump After Chain Posts Smaller Sales Decline
Neiman Marcus Group Ltd. bonds surged after the department-store chain posted a smaller sales decline over the holidays than in the previous three months.
Financial Markets
Macy's in Talks for Real Estate Deals, Sales Fall Less than Feared
Macy's Inc said quarterly sales at stores open at least a year fell less than it had expected and that it has started contacting potentially interested parties for partnerships or joint ventures for its flagship and mall-based properties.
Retail
Nordstrom Tumbles After Holiday Sales Miss Analysts’ Estimates
Nordstrom Inc., the largest US luxury department-store chain, fell as much as 8.5 percent in late trading after holiday results missed analysts’ estimates and the company gave a weak earnings forecast.
Global Markets
North Korea's Fashion Secrets
Fashion is an increasingly important tool for North Korea’s ‘black market generation’ to make small but significant changes to the culture and economy of the secretive state.
Retail
Department Store Operator Kohl's Eliminates 3 Senior Positions
Department store chain operator Kohl's Corp said it was eliminating three senior positions, including chief digital officer, to create a more "nimble organization".
Retail
Inside the Business of Barneys New York
Days before Barneys New York’s much-anticipated return to downtown Manhattan, chief executive Mark Lee and chief operating officer Daniella Vitale talk to BoF about the company’s journey from the brink of bankruptcy to record sales — and what's next.
Retail
Andrew Rosen Talks Trouble in the Contemporary Market
Contemporary brands are feeling the squeeze. Theory chief executive Andrew Rosen — the man who pioneered the category — reflects on the state of the market and what's next.
Technology
What Fashion Needs to Know About Cybersecurity
As cyber attacks become more frequent and more severe, how can fashion businesses protect themselves and their customers?
Financial Markets
Macy’s Plans to Slash Jobs After Sales Tumble More Than Forecast
Macy’s Inc. announced plans to fire or relocate about 3,000 workers after suffering a worse holiday period than it predicted.
Retail
What’s Next for the American Department Store?
Changing consumer sentiment and over distribution of product has hit the department store model hard in the challenging US market. Can executives win back the magic through a series of ambitious new year initiatives?
The News in Brief
Record Global Fibre Production Pushes Fashion’s Environmental Footprint Higher
Planet-warming emissions associated with the raw materials used to make fashion, footwear and home textiles have risen 30 percent since 2019, according to a new report.
Novo Nordisk Looks to Target Hair Loss in Consumer Push
The maker of Ozempic and Wegovy seeks to expand its direct-to-consumer pharmaceutical business as rival Eli Lilly outpaces in weight-loss drugs.
On Targets High-Teens Growth Through 2029
The Swiss brand revealed its plan to keep up its momentum with new products in sports such as golf and its Mbappé-supported entry into football ahead of its investor day Tuesday.
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Amazon Blocks Meta’s Muse AI Agent From Its Retail Site
The e-commerce giant prohibits other companies from deploying automated tools to shop its site and started blocking Meta’s Muse on Sunday night.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Oura Seeks $2.2 Billion in US IPO
The smart ring maker plans to market 50 million shares for $40 to $44 each, according to filings, which could value the company as high as $14.1 billion.