Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
department-stores
Retail
Selfridges Sees Slowing Growth Amid Heavy Investment
The investment in experiential and digital offerings has boosted sales but also hit operating profit at the UK retailer.
Selfridges Sees Slowing Growth Amid Heavy Investment
The investment in experiential and digital offerings has boosted sales but also hit operating profit at the UK retailer.
Retail
Who Will Buy Barneys?
This week, everyone will be talking about who will buy Barneys New York, the (potential) release of Kanye West's latest album and the protests in Hong Kong. Get your BoF Professional Cheat Sheet.
Who Will Buy Barneys?
This week, everyone will be talking about who will buy Barneys New York, the (potential) release of Kanye West's latest album and the protests in Hong Kong. Get your BoF Professional Cheat Sheet.
Retail
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
Report: J.C. Penney to Prep for Debt Talks Ahead of Holiday Season
The department-store chain is said to be exploring ways to ease its debt burden and give breathing room for the CEO, who has been under pressure to turn the company around.
Retail
Debenhams Says Rescue Plan on Track After Court Backing
Once the UK's biggest department store chain, Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt, plus a power struggle with former shareholder Sports Direct.
Debenhams Says Rescue Plan on Track After Court Backing
Once the UK's biggest department store chain, Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt, plus a power struggle with former shareholder Sports Direct.
Retail
Macy's Sees Savings of up to $550 Million
As the retailer spends heavily on remodelling stores and building online businesses, targeted promotions and better pricing have projected large savings in the next two to four years.
Macy's Sees Savings of up to $550 Million
As the retailer spends heavily on remodelling stores and building online businesses, targeted promotions and better pricing have projected large savings in the next two to four years.
Retail
Hudson’s Bay Chases Relevance
With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.
Hudson’s Bay Chases Relevance
With millennial shoppers keener to buy online or directly from brands, Hudson's Bay has yet to offer something they can’t find somewhere else and risks drifting into irrelevance.
Retail
Neiman Marcus CFO Steps Down After Less Than 18 Months
The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.
Neiman Marcus CFO Steps Down After Less Than 18 Months
The luxury retailer is in the process of naming a successor, but Orvos will remain at the company until October 11.
Retail
Department Stores Bring Down Retail Results
J.C. Penney Co., Macy’s Inc. and Kohl’s Corp. all reported declines in revenue from a year earlier.
Department Stores Bring Down Retail Results
J.C. Penney Co., Macy’s Inc. and Kohl’s Corp. all reported declines in revenue from a year earlier.
Retail
Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast
With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.
Hit by Tariffs and Discounting, Kohl's Cuts Profit Margin Forecast
With the cost of more aggressive promotions and a potential hit from new tariffs on Chinese imports, the department store chain has forecast a steeper decline in full-year profit margin despite better-than-expected quarterly earnings.
Retail
Hudson’s Bay Soars After Private Equity Firm Catalyst Buys Stake
Catalyst’s purchase of a minority stake adds to pressure on Chairman Richard Baker to boost his bid, which also faces opposition from activist investor Jonathan Litt.
Hudson’s Bay Soars After Private Equity Firm Catalyst Buys Stake
Catalyst’s purchase of a minority stake adds to pressure on Chairman Richard Baker to boost his bid, which also faces opposition from activist investor Jonathan Litt.
Retail
Macy’s CEO Assures Tariffs Will Only Hit Profits by 5 Cents a Share
Chief Executive Jeff Gennette said looming US tariffs will reduce per-share profits by a maximum of five cents and assures it is not a big impact.
Macy’s CEO Assures Tariffs Will Only Hit Profits by 5 Cents a Share
Chief Executive Jeff Gennette said looming US tariffs will reduce per-share profits by a maximum of five cents and assures it is not a big impact.
News & Analysis
Online Shopping Wreaks Havoc on Chinese Department Stores
"Much like their counterparts in other countries, department stores in China are being hammered by the online shopping onslaught led by Alibaba Group
Online Shopping Wreaks Havoc on Chinese Department Stores
"Much like their counterparts in other countries, department stores in China are being hammered by the online shopping onslaught led by Alibaba Group
The News in Brief
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
The Independents Acquires Production Studio Smuggler
The global collective has brought film studio Smuggler under its umbrella to bolster its entertainment capabilities.