UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
leadership
Partner Content
How Luxury Can Better Support Female Empowerment
In a roundtable co-hosted by Bulgari and BoF over Milan Fashion Week, thought-leaders from fashion, luxury and their adjacent industries shared insights and learnings on how to power positive change for the female-identifying workforce.
How Luxury Can Better Support Female Empowerment
In a roundtable co-hosted by Bulgari and BoF over Milan Fashion Week, thought-leaders from fashion, luxury and their adjacent industries shared insights and learnings on how to power positive change for the female-identifying workforce.
Retail
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company told staff, some of whom were about to lose their jobs, that Klarna will be less focused on growth and will have fewer employees by the end of 2022.
Klarna Plans to Cut Staff, Growth Plans After Losses Mount
In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company told staff, some of whom were about to lose their jobs, that Klarna will be less focused on growth and will have fewer employees by the end of 2022.
Retail
What Nordstrom’s ‘Poison Pill’ Says About the State of US Department Stores
The Seattle-based retailer made headlines this week with a shareholder plan that would fend off hostile takeovers. But unwanted suitors may be the least of its problems.
What Nordstrom’s ‘Poison Pill’ Says About the State of US Department Stores
The Seattle-based retailer made headlines this week with a shareholder plan that would fend off hostile takeovers. But unwanted suitors may be the least of its problems.
Luxury
Burberry CFO, COO Julie Brown to Exit Next Year
After six years at the British house, Brown will step down from her roles at the end of the financial year on 1 April 2023.
Burberry CFO, COO Julie Brown to Exit Next Year
After six years at the British house, Brown will step down from her roles at the end of the financial year on 1 April 2023.
Retail
Hedge Fund Ancora Seeks Ouster of Kohl’s CEO, Chairman
The move marks the beginning of a new round of shareholder unrest for Kohl’s after the company explored a sale and decided in July to remain independent, leading to a plunge in its shares and disappointing investors who had pushed for a deal.
Hedge Fund Ancora Seeks Ouster of Kohl’s CEO, Chairman
The move marks the beginning of a new round of shareholder unrest for Kohl’s after the company explored a sale and decided in July to remain independent, leading to a plunge in its shares and disappointing investors who had pushed for a deal.
Luxury
Media Executive David Pemsel Named New BFC Chair
The former Guardian Media Group CEO and founder of communications agency ScienceMagic.Inc will succeed Stephanie Phair as chairman of the British Fashion Council.
Media Executive David Pemsel Named New BFC Chair
The former Guardian Media Group CEO and founder of communications agency ScienceMagic.Inc will succeed Stephanie Phair as chairman of the British Fashion Council.
Retail
The Debrief | Inside Banana Republic’s Bid to Regain Relevance
BoF’s retail correspondent Cathaleen Chen joins The Debrief to discuss how the mall brand plotted a turnaround that’s starting to pay off.
The Debrief | Inside Banana Republic’s Bid to Regain Relevance
BoF’s retail correspondent Cathaleen Chen joins The Debrief to discuss how the mall brand plotted a turnaround that’s starting to pay off.
Retail
JD Sports to Pay Former CEO Cowgill £5.5 Million After Exit
JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices.
JD Sports to Pay Former CEO Cowgill £5.5 Million After Exit
JD Sports Fashion Plc will pay former boss Peter Cowgill at least £5.5 million ($6.3 million) as part of an exit deal after he was ousted in May amid concerns over the company’s governance practices.
Sports
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Case Study | Can On Set a New Pace for Sportswear?
On hasn’t taken long to turn its unconventional performance-running shoes into one of the world’s most recognisable footwear brands. The Swiss company, launched in 2010, has won credibility with the running elite while cultivating a loyal fashion fanbase, with support from tennis star Roger Federer.
Retail
Mike Ashley to Step Down From Frasers Board Next Month
Retail tycoon Ashley will not seek re-election at next month’s AGM, Frasers said in a statement Tuesday.
Mike Ashley to Step Down From Frasers Board Next Month
Retail tycoon Ashley will not seek re-election at next month’s AGM, Frasers said in a statement Tuesday.
Sustainability
Can Patagonia Make Capitalism Climate Friendly?
The company has become a standard bearer for responsible capitalism. But founder Yvon Chouinard’s latest move – giving over most of the company’s shares to a non-profit – will be a tough act for others to follow.
Can Patagonia Make Capitalism Climate Friendly?
The company has become a standard bearer for responsible capitalism. But founder Yvon Chouinard’s latest move – giving over most of the company’s shares to a non-profit – will be a tough act for others to follow.
Retail
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
Everlane Raises $90 Million in Debt
The direct-to-consumer brand has secured $65 million in revolving credit and an additional $25 million loan.
The News in Brief
EssilorLuxottica Gets Rare Sell Call Amid Stock Slump, AI Glasses Concerns
Shares in the eyewear giant, one of Europe's best-rated blue chips, have dropped 55 percent since November, while concerns are mounting over slowing growth and privacy issues for its AI glasses with Meta.
Olaplex Names New CEO
Christoph Kaul will succeed Amanda Baldwin, who led the hair care label through its acquisition by Henkel earlier this year.
Perelel Expands C-Suite, Tapping Rare Beauty’s CMO
Known for its prenatal vitamins, the wellness label has hired Rare Beauty's Ashley Murphy as its chief marketing officer, while Anjelika Temple moves into the chief creative officer role.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Alexandre Arnault Joins Nike’s Board of Directors
The LVMH executive joins Nike’s board as the sportswear giant prepares to be removed from the S&P 100 index after nearly two decades.
Matthieu Blazy, Sarah Burton, Haider Ackermann Among Nominees for BFC Designer of the Year
The Fashion Awards ceremony, set for Nov. 30, will also recognise the BFC’s second Vanguard award recipient, recognising emerging British design talent.
Supergoop Announces Chief Commercial Officer
The sunscreen label has appointed former Coty executive Jamie Parker to the newly created role as it gears up to become a “global skin health company.”