John Lewis Managing Director Quits Job After Less Than Three Years
Peter Ruis' surprise departure comes as the company faces “really tough” trading conditions.
e-commerce
Direct-to-Consumer
Urban Outfitters to Carry Parade Underwear
The direct-to-consumer intimates brand will be stocked in 25 Urban Outfitters stores and on its website starting Aug. 1, the company announced Monday. It marks Parade’s first partnership with a third-party retailer.
Urban Outfitters to Carry Parade Underwear
The direct-to-consumer intimates brand will be stocked in 25 Urban Outfitters stores and on its website starting Aug. 1, the company announced Monday. It marks Parade’s first partnership with a third-party retailer.
Retail
Shein Private Bids Imply $30 Billion Valuation Drop Since April
While some current shareholders in the private company are considering cashing out ahead of a future initial public offering, the valuation spread between buyers and sellers remains a hurdle to any trade, the people said, asking not to be identified because the matter is private.
Shein Private Bids Imply $30 Billion Valuation Drop Since April
While some current shareholders in the private company are considering cashing out ahead of a future initial public offering, the valuation spread between buyers and sellers remains a hurdle to any trade, the people said, asking not to be identified because the matter is private.
Global Markets
Amazon Fails to Halt India’s Future Retail Going into Bankruptcy
The National Company Law Tribunal on Wednesday gave its verdict on a petition by Bank of India to start bankruptcy resolution process for the cash-strapped retailer.
Amazon Fails to Halt India’s Future Retail Going into Bankruptcy
The National Company Law Tribunal on Wednesday gave its verdict on a petition by Bank of India to start bankruptcy resolution process for the cash-strapped retailer.
Luxury
Thom Browne’s Path to $500 Million, 500 Square Feet at a Time
The Zegna-owned brand seeks to double sales to over $500 million from $230 million in 2021 while maintaining its insider cachet. CEO Rodrigo Bazan sees opening intimate boutiques in offbeat locations as a path to keep growing in a luxury market dominated by European giants.
Thom Browne’s Path to $500 Million, 500 Square Feet at a Time
The Zegna-owned brand seeks to double sales to over $500 million from $230 million in 2021 while maintaining its insider cachet. CEO Rodrigo Bazan sees opening intimate boutiques in offbeat locations as a path to keep growing in a luxury market dominated by European giants.
Retail
Snap-Backed Gen Z Resale Platform Raises $4.5 Million
Galaxy raised $4.5 million to power its personalised secondhand marketplace, inviting influencers and independent boutiques to sell on the app.
Snap-Backed Gen Z Resale Platform Raises $4.5 Million
Galaxy raised $4.5 million to power its personalised secondhand marketplace, inviting influencers and independent boutiques to sell on the app.
Marketing
Why Nordstrom Appears to Be Pivoting Away From Influencers
Influencers helped turn Nordstrom’s annual Anniversary Sale into a major moment for the department store. This year, the retailer is leaning less on social media marketing, and some creators say they’re downplaying what was once their biggest moneymaker.
Why Nordstrom Appears to Be Pivoting Away From Influencers
Influencers helped turn Nordstrom’s annual Anniversary Sale into a major moment for the department store. This year, the retailer is leaning less on social media marketing, and some creators say they’re downplaying what was once their biggest moneymaker.
Sports
Explainer — Why the Menswear Market Is on Fire
From casualisation to the decline of streetwear, BoF unpacks what’s driving the “unprecedented” boom in the men’s market.
Explainer — Why the Menswear Market Is on Fire
From casualisation to the decline of streetwear, BoF unpacks what’s driving the “unprecedented” boom in the men’s market.
Retail
Gap Inc. CEO Sonia Syngal to Exit
The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand.
Gap Inc. CEO Sonia Syngal to Exit
The mall retailer has also tapped Horacio “Haio” Barbeito as chief executive of its Old Navy brand.
Luxury
Ex-Asos Chief Nick Beighton to Lead MatchesFashion, Replacing Paolo De Cesare
Beighton is the fourth CEO to run the luxury e-tailer in less than five years as its private equity owners struggle to improve performance.
Ex-Asos Chief Nick Beighton to Lead MatchesFashion, Replacing Paolo De Cesare
Beighton is the fourth CEO to run the luxury e-tailer in less than five years as its private equity owners struggle to improve performance.
Retail
American Eagle’s Hottest Business Isn’t Jeans — It’s Logistics
After acquiring two supply-chain start-ups last year, the teen retailer wants to build an ‘open source’ shipping and storage network it thinks can someday be a bigger business than selling clothes.
American Eagle’s Hottest Business Isn’t Jeans — It’s Logistics
After acquiring two supply-chain start-ups last year, the teen retailer wants to build an ‘open source’ shipping and storage network it thinks can someday be a bigger business than selling clothes.
Direct-to-Consumer
BoF LIVE: Building a DTC Challenger Brand
Parade founder Cami Téllez and Ben Clymer, founder of Hodinkee, join BoF retail correspondent Cathaleen Chen to discuss the challenges of building digitally-native, direct-to-consumer brands capable of chipping away at mainstays’ market share as performance marketing costs rise.
BoF LIVE: Building a DTC Challenger Brand
Parade founder Cami Téllez and Ben Clymer, founder of Hodinkee, join BoF retail correspondent Cathaleen Chen to discuss the challenges of building digitally-native, direct-to-consumer brands capable of chipping away at mainstays’ market share as performance marketing costs rise.
Technology
Technology Is Fuelling and Fighting Compulsive Shopping
Apps and site blockers are seeking to curb compulsive shopping, but they’re battling an e-commerce apparatus fine-tuned to make it easier to buy stuff than ever before.
Technology Is Fuelling and Fighting Compulsive Shopping
Apps and site blockers are seeking to curb compulsive shopping, but they’re battling an e-commerce apparatus fine-tuned to make it easier to buy stuff than ever before.
The News in Brief
Harvey Nichols Warns It Could Collapse Without Rescue Deal
The upscale department store says it will not be able to survive another year without new investment, as bidders for the chain circle.
Shein IPO Value Could Fall Short of $30 Billion Targeted by Some Investors
Bloomberg Intelligence estimates the ultra-fast fashion retailer supports a valuation of $22 billion to $25 billion, well below the roughly $30 billion valuation some investors have pushed for.
Thom Bettridge to Step Down as I-D Editor in Chief
Global editorial director Steff Yotka will succeed Bettridge, who is leaving to focus on his creative studio Content World.
Under Armour Forecasts Steeper Annual Sales Decline
The athletic apparel maker is struggling with weak consumer demand amid macroeconomic uncertainty in its key North American market.
Skims to Enter India Through Partnership With Reliance Brands
The luxury arm of Reliance Retail will operate the Skims brand across physical and digital channels, beginning with Delhi and Mumbai.
Vogue World 2027 Will Be Held in San Francisco
The sixth edition of the annual runway spectacle will return to the US after this year's outing in Milan.
Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.