Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
department-stores
Luxury
Luxury Expecting a Strong 2019
With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.
Luxury Expecting a Strong 2019
With many 2018 results falling short of forecasts, brands are coupling optimism for the year ahead with new retail strategies, in an attempt to maintain growth trajectories.
Retail
Sports Direct Says Debenhams Investors Back Ashley's Bid for CEO
The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
Sports Direct Says Debenhams Investors Back Ashley's Bid for CEO
The sportswear group, which has a near-30 percent stake in Debenhams, did not name or number the shareholders backing such a move.
Retail
Mike Ashley Weighs Offer Valuing Debenhams at $81 Million
The offer is the latest of Ashley’s attempts to wrest control of the ailing department store and save his existing stake in the company.
Mike Ashley Weighs Offer Valuing Debenhams at $81 Million
The offer is the latest of Ashley’s attempts to wrest control of the ailing department store and save his existing stake in the company.
Retail
Boost for Champs Elysées as Galeries Lafayette Opens 'Concept' Store
As top-tier department stores pitch themselves as day-trip destinations to counter competition from online rivals such as Amazon, Galeries Lafayette will open a new outlet in Paris this week.
Boost for Champs Elysées as Galeries Lafayette Opens 'Concept' Store
As top-tier department stores pitch themselves as day-trip destinations to counter competition from online rivals such as Amazon, Galeries Lafayette will open a new outlet in Paris this week.
Retail
Neiman Marcus Creditors in Preliminary Agreement to Extend Debt Maturities
The agreement is a step toward restructuring borrowings for the heavily indebted company.
Neiman Marcus Creditors in Preliminary Agreement to Extend Debt Maturities
The agreement is a step toward restructuring borrowings for the heavily indebted company.
Retail
The Week Ahead: UK Faces Brexit Crunch Time. Again.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
The Week Ahead: UK Faces Brexit Crunch Time. Again.
This week, everyone will be talking about Brexit, Galeries Lafayette's opening against the backdrop of the Yellow Vest protests in Paris and H&M's latest earnings report. Read our BoF Professional Cheat Sheet.
Luxury
How Barneys Is Giving the Marijuana Lifestyle the Luxury Treatment
The high-end department store launched a range of pot-themed products this week in the latest sign that the drug is moving up the social ladder.
How Barneys Is Giving the Marijuana Lifestyle the Luxury Treatment
The high-end department store launched a range of pot-themed products this week in the latest sign that the drug is moving up the social ladder.
Retail
The New Rules of Brick-and-Mortar Retail
Amid an ongoing 'retail apocalypse' that’s wiping out thousands of stores, retailers are staking their future on a new generation of brick-and-mortar shops that are radically different from their predecessors.
The New Rules of Brick-and-Mortar Retail
Amid an ongoing 'retail apocalypse' that’s wiping out thousands of stores, retailers are staking their future on a new generation of brick-and-mortar shops that are radically different from their predecessors.
Retail
6 Things You Need to Know About the New Galeries Lafayette
The French department store’s new Champs-Elysées store is slated to open on March 28 as part of a wider reboot of the famed Parisian avenue.
6 Things You Need to Know About the New Galeries Lafayette
The French department store’s new Champs-Elysées store is slated to open on March 28 as part of a wider reboot of the famed Parisian avenue.
News & Analysis
Nordstrom Lifts Full-Year Guidance
"Digital sales jumped 16 percent during the fiscal year."
Nordstrom Lifts Full-Year Guidance
"Digital sales jumped 16 percent during the fiscal year."
Retail
Macy's Shares Rise as Investors Applaud Plan to Streamline Business
While the company said it can achieve growth in comparable-store sales, it won’t come immediately.
Macy's Shares Rise as Investors Applaud Plan to Streamline Business
While the company said it can achieve growth in comparable-store sales, it won’t come immediately.
Retail
Woolworths CEO Under Pressure as David Jones Struggles
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
Woolworths CEO Under Pressure as David Jones Struggles
Two Australian non-executive directors resigned from David Jones last week, hot on the heels of CEO David Thomas, the third head of that business to leave in five years.
The News in Brief
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Shares Dive as Sales and Chinese Weakness Disappoint
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.