Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
e-commerce
Workplace & Talent
A Guide to Fashion’s New C-Suite
The executive ranks at big brands increasingly include once-unknown job titles, reflecting an industry-wide shift in focus to improve its record on areas such as diversity, sustainability and logistics.
A Guide to Fashion’s New C-Suite
The executive ranks at big brands increasingly include once-unknown job titles, reflecting an industry-wide shift in focus to improve its record on areas such as diversity, sustainability and logistics.
Retail
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Why Activist Investors Are Targeting Department Stores
Hedge funds are urging Kohl’s and Macy’s to consider radical changes to how they operate as the retailers struggle to reverse decades of decline.
Beauty
Farfetch Is Buying Violet Grey: Here’s Why
The luxury fashion platform sees an opportunity in beauty that has eluded many others.
Farfetch Is Buying Violet Grey: Here’s Why
The luxury fashion platform sees an opportunity in beauty that has eluded many others.
Retail
Pace of Sales Growth Slows at Dr. Martens, Sinking Shares 13%
Dr. Martens said revenue growth slowed in its third quarter, hammering its share price, after a drop in its wholesale business as it prioritised scarce inventory for online and retail stores channels.
Pace of Sales Growth Slows at Dr. Martens, Sinking Shares 13%
Dr. Martens said revenue growth slowed in its third quarter, hammering its share price, after a drop in its wholesale business as it prioritised scarce inventory for online and retail stores channels.
Global Markets
Sber Enters Fashion E-commerce Race With Acquisition of Stockmann Russia
The partially state-owned business and finance venture Sber, formerly known as Sberbank, has acquired the Russian unit of Finnish department store chain Stockmann from owner Yakov Panchenko.
Sber Enters Fashion E-commerce Race With Acquisition of Stockmann Russia
The partially state-owned business and finance venture Sber, formerly known as Sberbank, has acquired the Russian unit of Finnish department store chain Stockmann from owner Yakov Panchenko.
China
China’s E-Commerce Hub Faces Omicron Flareup Just Before Holiday
At least seven infections were detected in Hangzhou, a city near Shanghai and home to Alibaba Group Holding Ltd.
China’s E-Commerce Hub Faces Omicron Flareup Just Before Holiday
At least seven infections were detected in Hangzhou, a city near Shanghai and home to Alibaba Group Holding Ltd.
Global Markets
Reliance Industries to Take On Nykaa With New Beauty Platform
The Indian conglomerate is reportedly gearing up to launch an omnichannel beauty platform.
Reliance Industries to Take On Nykaa With New Beauty Platform
The Indian conglomerate is reportedly gearing up to launch an omnichannel beauty platform.
China
Report: Chinese Fashion Retailer Shein Revives Plan for New York Listing in 2022
It was not immediately clear how much the company was looking to raise from its New York debut.
Report: Chinese Fashion Retailer Shein Revives Plan for New York Listing in 2022
It was not immediately clear how much the company was looking to raise from its New York debut.
Retail
Kohl’s Under Fresh Pressure as Sycamore Expresses Interest After Acacia Made Bid
Sycamore Partners has reached out to Kohl’s about a potential offer that would value the company around $9 billion, one source said.
Kohl’s Under Fresh Pressure as Sycamore Expresses Interest After Acacia Made Bid
Sycamore Partners has reached out to Kohl’s about a potential offer that would value the company around $9 billion, one source said.
Retail
Why Fashion Can’t Escape the Discount Cycle
Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022.
Why Fashion Can’t Escape the Discount Cycle
Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022.
Luxury
The State of Fashion 2022: Q&A with the Authors
Please join us for a special #BoFLIVE Q&A session, exclusively for Professional Members, where the authors of The State of Fashion 2022, BoF’s Imran Amed and McKinsey’s Achim Berg, will answer your burning questions about the report’s key findings and predictions for the year ahead.
The State of Fashion 2022: Q&A with the Authors
Please join us for a special #BoFLIVE Q&A session, exclusively for Professional Members, where the authors of The State of Fashion 2022, BoF’s Imran Amed and McKinsey’s Achim Berg, will answer your burning questions about the report’s key findings and predictions for the year ahead.
Retail
Amazon to Open Fashion Store Where Algorithms Suggest What to Try On
The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year, with a tech twist.
Amazon to Open Fashion Store Where Algorithms Suggest What to Try On
The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year, with a tech twist.
The News in Brief
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.
Lululemon Senior Executive Exits in Third Recent Departure
The top communications officer at the company is leaving, adding to the list of executives departing ahead of CEO Heidi O’Neill’s arrival.
Trump Picks White House Ally Overton to Lead Embattled FDA
The US president chose an ally to steady an agency shaken by staff losses, low morale and fights over vaccines and drug approvals.
JD Sports Cuts Outlook as Shoppers Curb Spending on Sneakers
The retailer cut its profit outlook after weaker-than-expected sales in the quarter, as customers grapple with cost-of-living pressures and pull back on discretionary spending.
Coty Beats Quarterly Revenue, Calls Fiscal 2027 ‘Transition Year’ on Business Overhaul
The cosmetics giant has also appointed Soraya Benchikh as chief financial officer, replacing Laurent Mercier.
TJ Maxx, Marshalls Suffer Slowdowns as US Spending Tapers
TJX Companies reported slowdowns at the off-price apparel chains on Wednesday, fueling concerns about a pullback in US consumer spending.
Estée Lauder Forecasts Annual Profit Above Estimates on Strong China Demand
The US cosmetics giant lifted its profit guidance on Wednesday, betting on sustained spending on premium fragrances and strong performance in China.