Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
e-commerce
Global Markets
CEO of Turkey’s Trendyol Unveils Plans for Dual IPO
The e-commerce firm, which is backed by Chinese internet giant Alibaba, plans a dual-listing IPO in New York or London when its income from foreign sales reaches 30 to 35 percent of total revenue.
CEO of Turkey’s Trendyol Unveils Plans for Dual IPO
The e-commerce firm, which is backed by Chinese internet giant Alibaba, plans a dual-listing IPO in New York or London when its income from foreign sales reaches 30 to 35 percent of total revenue.
Luxury
Are Department Stores Still Relevant?
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
Are Department Stores Still Relevant?
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
China
Shopify, JD.com Pair up in China as E-Commerce Competition Intensifies
Canadian e-commerce giant Shopify said on Tuesday it has partnered with China’s JD.com to let merchants in the United States sell to JD’s customers in China.
Shopify, JD.com Pair up in China as E-Commerce Competition Intensifies
Canadian e-commerce giant Shopify said on Tuesday it has partnered with China’s JD.com to let merchants in the United States sell to JD’s customers in China.
Retail
THG Forecasts Slower Growth After Profit Misses Estimates
THG Plc warned that profitability missed analysts’ estimates and forecast sales growth will decelerate this year amid record commodity prices and continued uncertainty from the pandemic.
THG Forecasts Slower Growth After Profit Misses Estimates
THG Plc warned that profitability missed analysts’ estimates and forecast sales growth will decelerate this year amid record commodity prices and continued uncertainty from the pandemic.
Retail
Can Independent Stores Be Successful Online?
Elysewalker, a chain of boutiques in the Los Angeles area, is opening an online shop this month, joining an already-crowded landscape of luxury fashion e-tailers. Here’s how it plans to stand out.
Can Independent Stores Be Successful Online?
Elysewalker, a chain of boutiques in the Los Angeles area, is opening an online shop this month, joining an already-crowded landscape of luxury fashion e-tailers. Here’s how it plans to stand out.
Retail
The Unexpected Winners of the Great Pandemic Retail Reshuffle
The past two years have significantly changed the retail game. As we move into 2022, the rules are still evolving.
The Unexpected Winners of the Great Pandemic Retail Reshuffle
The past two years have significantly changed the retail game. As we move into 2022, the rules are still evolving.
Retail
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
Retail
Asos Hit by Supply Chain Disruption, Volatile Christmas Demand
Asos reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period.
Asos Hit by Supply Chain Disruption, Volatile Christmas Demand
Asos reiterated its already downgraded outlook on Thursday after supply chain constraints and volatile demand limited sales growth in its four months to Dec. 31 trading period.
Sports
Why Luxury Wants in on Mystery Boxes
LVMH’s venture arm joined the seed funding round of start-up Heat, which has tapped into Gen-Z’s appetite for social commerce and resale by selling surprise selections of high-end products.
Why Luxury Wants in on Mystery Boxes
LVMH’s venture arm joined the seed funding round of start-up Heat, which has tapped into Gen-Z’s appetite for social commerce and resale by selling surprise selections of high-end products.
Retail
Sneaker Market StockX Taps Morgan Stanley, Goldman for IPO
StockX, an online exchange for sneakers and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc. on its planned US initial public offering, according to people with knowledge of the matter.
Sneaker Market StockX Taps Morgan Stanley, Goldman for IPO
StockX, an online exchange for sneakers and streetwear brands, is working with Morgan Stanley and Goldman Sachs Group Inc. on its planned US initial public offering, according to people with knowledge of the matter.
Retail
Online Holiday Spending in the US Grew at the Slowest Rate in Years
Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
Online Holiday Spending in the US Grew at the Slowest Rate in Years
Online shopping for holiday gifts last year in the US grew at the slowest rate since at least 2014, according to Adobe Analytics, after a blowout year in 2020.
Beauty
What’s Next for Olaplex
With an IPO under its belt, the haircare brand is looking to keep the momentum going and new competition at bay.
What’s Next for Olaplex
With an IPO under its belt, the haircare brand is looking to keep the momentum going and new competition at bay.
The News in Brief
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
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.
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.