Amorepacific Third-Quarter Revenue Rises 11%, Overseas Growth Cools
Revenue growth outpaced the previous quarter in the Korean conglomerate’s domestic market, but slowed internationally.
logistics
Workplace & Talent
Warehouse Workers Risk Covid-19 to Ship Designer Shades, Face Cream, Sofas
Government stay-home orders have carve-outs for warehouses or e-commerce operations, allowing a wide array of retailers to piggyback on exemptions intended primarily to ensure the flow of necessities.
Retail
Rent the Runway Says It's Open Again After Supply Chain Crisis
The fashion-rental company is trying limit the damage after subscribers last month said that outfits they ordered for special events didn’t arrive on time or were canceled without warning.
News & Analysis
Shopify Boosts Outlook on Strong Sales Performance
The Canadian e-commerce company reported second-quarter sales that beat analyst estimates and gave a more optimistic full-year outlook. Revenue grew 48 percent to $362 million.
News & Analysis
Shopify Nips at Amazon With Hassle-Free Shipping for Small Firms
When Shopify said last month that it was moving into the fulfilment business, shares spiked and analysts began talking about it as a potential competitor to Amazon.
News & Analysis
Walmart to Invest $1.2B in China to Upgrade Logistics
The American retail giant has been pushing to integrate its network in China with the country's burgeoning 'smart retail' movement, as the likes of Alibaba and Tencent cut deals to combine online and high-street shopping.
News & Analysis
Zalando Will Expand Delivery from Stores to Prevent Missed Sales
The online retailer estimates it misses out on 20 to 30 million transactions per year because items shoppers are searching for are unavailable.
News & Analysis
Zalando's Personal Shoppers Help Support Uptick in Customer Order Value
Average order sizes at Europe's biggest online-only fashion retailer have fallen in recent years as people shop more often on their smartphones but spend less each time, pushing up Zalando's logistics costs.
Retail
H&M Limits Free Deliveries for Low-Spending Loyalty Club Members
After seeing profits fall and inventory pile up, the world's second-biggest clothing retailer is investing heavily in adapting to changing consumer habits.
Luxury
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Retail
Fashion Can’t Ignore Rent the Runway
The apparel-rent service has become a significant driver of sales for some of the world’s most popular fashion labels. Now, a new revenue-sharing model has large-scale players, including Levi’s and J.Crew, jumping on board.
Entrepreneurship
Drive Episode 2: Diane von Furstenberg on Building a Business in a Man’s World
In episode two of BoF’s new podcast series Drive, delivered by DHL, the entrepreneur shares the highs and the lows of her 45-year career, and how she used factory scraps to create the first iconic wrap dress while pregnant.
China
China's on the Fast Track to Drone Deliveries
JD.com is building networks of large and small UAVs, to deliver goods on a large scale and solve the expensive 'last-mile' problem for couriers.
The News in Brief
Hearst Magazines Names Juliana Stock President
Current president Debi Chirichella will be Hearst Magazine’s next chair.
Lilly Raises Sales Forecast, Widening Lead in Obesity Market
Eli Lilly & Co. raised its full-year sales forecast as demand for its blockbuster obesity and diabetes drugs continues to surge, giving the drugmaker more momentum as it expands into pills and develops even more powerful weight-loss treatments.
US to Temporarily Allow Compounding of Six Peptides
The move relaxes rules to access some peptide compounds for recovery, sleep and cognition and will require pharmacies to notify regulators about adverse events.
Adidas Keeps Humming With Apparel, Performance Sports Growth
The German sneaker brand on Thursday reported strong growth in apparel and sports gear, led by running, training and football products, elaborating on preliminary results published last week.
Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Puig Targets €8 Billion in Annual Sales by 2032
Ahead of its first Capital Markets Day in Madrid, the Spanish beauty group has unveiled its “Vision 2032” and detailed its plans to grow its share of the global fragrance market.
Report: Puig, CVC, Cinven Eye Luxury Fragrance Maker Parfums de Marly
Private equity firms CVC Capital Partners and Cinven, along with Spanish beauty group Puig, are considering acquiring Parfums de Marly, the luxury fragrance brand owned by Advent International, two people familiar with the matter told Reuters.