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.
department-stores
Retail
Debenhams Gets £40 Million Credit Deal
The department store also announced a sourcing partnership with Li & Fung for its own-brand products.
Debenhams Gets £40 Million Credit Deal
The department store also announced a sourcing partnership with Li & Fung for its own-brand products.
Luxury
American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?
This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.
American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?
This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.
Retail
How American Department Stores Plan to Fight Back in 2019
From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.
How American Department Stores Plan to Fight Back in 2019
From the battle for Manhattan to the battle for survival, Neiman Marcus, Saks Fifth Avenue, Nordstrom and others may look radically different by the end of the year.
Retail
Nordstrom's Full-Price Comparable Sales for Holiday Season Disappoints
The department store operator cites lower traffic as the reason for below-expected sales during the crucial months of November and December.
Nordstrom's Full-Price Comparable Sales for Holiday Season Disappoints
The department store operator cites lower traffic as the reason for below-expected sales during the crucial months of November and December.
Retail
The Week Ahead: LVMH Primed to Dominate Blockbuster Week at the Paris Men's Shows
This week, everyone will be talking about Virgil Abloh, Hedi Slimane, Kim Jones and the other designers showing at Paris Fashion Week Men's - and how the the buzziest brands share a corporate parent. Read our BoF Professional Cheat Sheet.
The Week Ahead: LVMH Primed to Dominate Blockbuster Week at the Paris Men's Shows
This week, everyone will be talking about Virgil Abloh, Hedi Slimane, Kim Jones and the other designers showing at Paris Fashion Week Men's - and how the the buzziest brands share a corporate parent. Read our BoF Professional Cheat Sheet.
Retail
Report: Sears to Ask Bankruptcy Judge for Approval to Liquidate
Should the retailer liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the industry in the last few years.
Report: Sears to Ask Bankruptcy Judge for Approval to Liquidate
Should the retailer liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the industry in the last few years.
Retail
Saks Shuts Downtown Store in Cutthroat Manhattan Retail Wars
The failure of the women’s shop highlights intensifying competition in New York's department-store battlefield.
Saks Shuts Downtown Store in Cutthroat Manhattan Retail Wars
The failure of the women’s shop highlights intensifying competition in New York's department-store battlefield.
Retail
Sears May Stay Alive With Rescue Bid Cobbled Together by Lampert
The chain's chairman, Eddie Lampert, made a last-minute, $4.6 billion bid to buy the retailer out of bankruptcy.
Sears May Stay Alive With Rescue Bid Cobbled Together by Lampert
The chain's chairman, Eddie Lampert, made a last-minute, $4.6 billion bid to buy the retailer out of bankruptcy.
Retail
Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay
Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.
Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay
Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.
Retail
Debenhams to Close 50 Stores
After full-profits fell by 65 percent, its biggest loss in 240-year history, the British department store chain is set to close 50 stores over three to five years.
Debenhams to Close 50 Stores
After full-profits fell by 65 percent, its biggest loss in 240-year history, the British department store chain is set to close 50 stores over three to five years.
Beauty
Sephora Takes on Beautycon
This week, everyone will be talking about Sephora's first beauty convention, a potential Sears bankruptcy and runway shows in Shanghai, Seoul and Tokyo. Read our BoF Professional Cheat Sheet.
Sephora Takes on Beautycon
This week, everyone will be talking about Sephora's first beauty convention, a potential Sears bankruptcy and runway shows in Shanghai, Seoul and Tokyo. Read our BoF Professional Cheat Sheet.
Retail
Sports Direct Buys Department Store Frasers
The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.
Sports Direct Buys Department Store Frasers
The sportswear group has agreed to buy the freehold of the Glasgow's Frasers department store, which trades as part of the House of Fraser business, for £95 million.
The News in Brief
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.
EssilorLuxottica Beats Forecasts, AI Glasses and Myopia Products Drive Growth
The Franco-Italian eyewear maker reported a 15 percent rise in first-half profit, beating expectations, while revenue growth was driven by strong demand for AI-enabled glasses myopia products.
Whoop Names Kyle Leahy Chief Commercial Officer
Leahy joins the wearables brand from Glossier, where she was chief executive for three years.
Chinese Jeweller Laopu Gold’s Shares Drop on Growth Outlook
The jeweller lost $2.1 billion in market value after forecasting first-half 2026 revenue growth of up to 66 percent, a sharp slowdown from last year that unsettled investors in one of China’s most viral consumer brands.
Unilever Lifts Outlook on Strongest Volume Growth in Over A Decade
Unilever upgraded its annual forecast on Tuesday, as consumers reached for brands like Vaseline and Dove despite household budget concerns stemming from the Iran war.
J&J to Pay $5.5 Billion to Settle Talc-Related Cancer Claims
Johnson & Johnson on Monday said it agreed to a $5.5 billion commitment to resolve years of litigation related to claims that its talc products caused ovarian cancer.
Lenzing Closes UK, Austria Sites in Turnaround Bid
The closures are the latest in a series of cost-cutting and refinancing measures at the textile maker, which has faced headwinds from competition in China and India.