Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
real-estate
Retail
UK Retail Property Values May Be Slashed, Report Says
Values of UK shopping centers and high street stores could be reduced significantly after property agents were told to reflect the seismic changes sweeping the retail industry, according to the Sunday Times.
Retail
If We Built the Retail Model From Scratch, What Would It Be?
With the rise of the experience economy, retail spaces are undergoing a radical rethink of their business models — as well as their very purpose.
News & Analysis
The Start-Ups Behind New York's Retail Reawakening
Start-ups and pop-ups are filling storefronts abandoned by struggling chains, taking advantage of plunging rents and landlords desperate to fill long-vacant spaces.
News & Analysis
Build Condos Above Stores, Shareholder Tells Hudson's Bay
Condo prices are rising in many Canadian cities even as the overall market shows signs of cooling off.
Retail
Buyer Pool Evaporates for America's Fading Malls
Only about $3 billion of retail real estate changed hands in April, a 27 percent drop from a year earlier and the lowest monthly tally since February 2013.
News & Analysis
Hudson's Bay Company Said to Sell Flagship Vancouver Store
The deal progresses HBC's efforts to extract value from its substantial real estate holdings as it battles a retail industry-wide slump
News & Analysis
Hudson's Bay Exploring Sale of Downtown Vancouver Store
The news follows HBC's agreement last week to sell its Lord & Taylor flagship building for $850 million, as the department-store operator steps up efforts to extract value from its real estate holdings amid struggling sales.
Retail
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
News & Analysis
LVMH's Plan to Turn Historic Paris Grounds into Theme Park
LVMH is to lead a €60 million plan to turn Paris's 157 year-old Jardin d'Acclimatation into one of France's top three amusement parks. LVMH has managed the park since 1984 and holds an 80 percent stake.
Retail
Retailers Brace for New York Real Estate Apocalypse
In Manhattan’s prime retail districts, tourist traffic is down, rents are high, Trump is looming large and overstoring is about as bad as it is in Middle America. Something has got to give.
Retail
Kohl's, Macy's Turn Landlords in Bid to Unlock Real Estate Value
The move underscores the pressing need for the two chains to better monetise their real estate assets.
Luxury
The End of Holiday Shopping Season As We Know It?
Amidst disruption on New York’s Fifth Avenue, discounting season has come early this year, but more and more sales are no longer a salve for the deeper problems facing retail.
The News in Brief
Chanel Beauty Opens Alpine-Inspired Activation at Harrods
The luxury beauty label has taken over a corner of the department store's ground floor with a gifting suite.
Bangladesh Agrees New Garment Pay Scale From December Amid Protests
The government has yet determine the details of revised wage levels as it scrambles to manage days of protests that have disrupted the country’s garment industry.
China Wealth Crackdown Lifts Hong Kong Watch and Jewellery Sales
Rich shoppers are turning to gold and gemstones to preserve wealth, softening the blow for luxury giants like Hermès and Richemont as Beijing tightens its grip on overseas assets.
Australian Department Store David Jones Collapses After Almost 200 Years
The template of vast stores with dozens of fashion brands, beauty products and other accessories succumbed as the digital era drove shoppers to cheaper, nimbler online rivals.
Coty Tops Estimates on Prestige Brands Boost Amid Turnaround
The US cosmetics conglomerate said launches from Marc Jacobs and Burberry helped boost revenues, though its full-year guidance is below consensus.
E.l.f. Beauty Sales Lift 51%
The US cosmetics giant raised its full-year sales outlook to over $2 billion as Rhode’s global expansion continues to power its revenue growth.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.