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.
e-commerce
Retail
How Brands Can Choose the Right In-Store Technology
In a post-Covid retail landscape where consumers are seduced by the convenience of e-commerce, brands are introducing technology in store in an attempt to replicate that ease.
How Brands Can Choose the Right In-Store Technology
In a post-Covid retail landscape where consumers are seduced by the convenience of e-commerce, brands are introducing technology in store in an attempt to replicate that ease.
Retail
Africa’s Top Clothes Retailer Reports Decline in Earnings and Leadership Change
Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to get the right summer fashion mix.
Africa’s Top Clothes Retailer Reports Decline in Earnings and Leadership Change
Pepkor Holdings Ltd. replaced the head of its Ackermans unit after Africa’s largest clothing retailer posted a drop in first-half earnings as it failed to get the right summer fashion mix.
Retail
UK Shop Price Inflation Strikes New Record High
British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.
UK Shop Price Inflation Strikes New Record High
British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.
Beauty
What Will Define Beauty’s Next Era of Growth?
From skin care and fragrance to colour cosmetics and hair care, the outlook for the global beauty industry is rosy in the years ahead, even amid hyper-competition, channel mix challenges, and rapid innovation and production cycles. The State of Fashion: Beauty explores what lies ahead.
What Will Define Beauty’s Next Era of Growth?
From skin care and fragrance to colour cosmetics and hair care, the outlook for the global beauty industry is rosy in the years ahead, even amid hyper-competition, channel mix challenges, and rapid innovation and production cycles. The State of Fashion: Beauty explores what lies ahead.
Retail
Farfetch Returns to Sales Growth
The online luxury retailer’s revenue rose 8 percent year on year in the first quarter of 2023, above analyst’s expectations.
Farfetch Returns to Sales Growth
The online luxury retailer’s revenue rose 8 percent year on year in the first quarter of 2023, above analyst’s expectations.
Technology
Google Is Testing Generative AI for Shopping
The search giant is debuting an experimental new search experience and will use its shopping vertical as a key testing ground.
Google Is Testing Generative AI for Shopping
The search giant is debuting an experimental new search experience and will use its shopping vertical as a key testing ground.
Technology
Putting AI Shopping Assistants to the Test
A new wave of ChatGPT assistants from companies like Shopify and Kering could transform how we shop online. It’s unclear how well they actually work, so BoF took them for a spin.
Putting AI Shopping Assistants to the Test
A new wave of ChatGPT assistants from companies like Shopify and Kering could transform how we shop online. It’s unclear how well they actually work, so BoF took them for a spin.
Direct-to-Consumer
At Warby Parker and Allbirds, Signs of Progress
The eyewear maker’s results were consistent with its recent outings. Sales rose 12 percent year-over-year in the first quarter of the year on the strength of its growing store fleet. It also decreased its losses by $23 million and increased its adjusted earnings before interest and taxes by $17 million.
At Warby Parker and Allbirds, Signs of Progress
The eyewear maker’s results were consistent with its recent outings. Sales rose 12 percent year-over-year in the first quarter of the year on the strength of its growing store fleet. It also decreased its losses by $23 million and increased its adjusted earnings before interest and taxes by $17 million.
Retail
Zalando Nears Break Even in Quarter Amid Profitability Push
The Berlin-based e-commerce platform reported an adjusted loss before interest and taxes of €700,000 ($776,000) for the period, Zalando said in a statement Thursday.
Zalando Nears Break Even in Quarter Amid Profitability Push
The Berlin-based e-commerce platform reported an adjusted loss before interest and taxes of €700,000 ($776,000) for the period, Zalando said in a statement Thursday.
Direct-to-Consumer
Why There May Never Be a Gen-Z Glossier or Warby Parker
Instead of emulating the face-paced growth favoured by their predecessors, Gen-Z-centric fashion and beauty start-ups are taking a steadier approach to brand-building.
Why There May Never Be a Gen-Z Glossier or Warby Parker
Instead of emulating the face-paced growth favoured by their predecessors, Gen-Z-centric fashion and beauty start-ups are taking a steadier approach to brand-building.
Luxury
Luxury's Record High Stock Prices, Explained
Kering’s first-quarter sales were a stress test for luxury demand after strong momentum at LVMH and Hermès pushed shares in the sector to dizzying heights.
Luxury's Record High Stock Prices, Explained
Kering’s first-quarter sales were a stress test for luxury demand after strong momentum at LVMH and Hermès pushed shares in the sector to dizzying heights.
Retail
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
After Existential Crisis, Primark Broadens Ranges and Targets US
Unable to sell stock during the Covid-19 lockdown, now three years later, Primark has expanded its reach to the US, primarily into the southern states.
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.