Report: Abercrombie to Seek Fresh Backers for China Business
The US-listed company is conducting a review of its Chinese assets and may sell a stake in the unit, which could be valued at several hundred million dollars, Bloomberg reported.
stores
Retail
Macy’s Investors Mount $5.8 Billion Buyout Bid
Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Macy’s Investors Mount $5.8 Billion Buyout Bid
Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Luxury
LVMH Cedes Control of Cruise Retail to Florida Developer Jim Gissy
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.
LVMH Cedes Control of Cruise Retail to Florida Developer Jim Gissy
The deal to sell the majority stake in Cruise Line Holdings Co, the parent company of the Starboard & Onboard Cruise Services businesses, is expected to be concluded in the coming days.
Direct-to-Consumer
Stòffa’s 30-Year Plan to Build a Legacy Brand
Stòffa’s made-to-measure menswear has cultivated a devoted, influential following. Now, the brand is betting that its forthcoming flagship retail store is its next step on the long path to building a legacy luxury label.
Stòffa’s 30-Year Plan to Build a Legacy Brand
Stòffa’s made-to-measure menswear has cultivated a devoted, influential following. Now, the brand is betting that its forthcoming flagship retail store is its next step on the long path to building a legacy luxury label.
Retail
Inditex Shares Are Overvalued, Deutsche Bank Analysts Say
Deutsche Bank AG downgraded the fast-fashion merchant to sell from hold as part of a gloomy assessment of the wider European retailing scene.
Inditex Shares Are Overvalued, Deutsche Bank Analysts Say
Deutsche Bank AG downgraded the fast-fashion merchant to sell from hold as part of a gloomy assessment of the wider European retailing scene.
Retail
Apparel Maker Faherty Explores Selling Minority Stake
The New York-based company has tapped a financial adviser as it seeks to solicit interest from potential investors including private equity firms and family offices, according to people familiar with the matter.
Apparel Maker Faherty Explores Selling Minority Stake
The New York-based company has tapped a financial adviser as it seeks to solicit interest from potential investors including private equity firms and family offices, according to people familiar with the matter.
Retail
Dr Martens Issues Fourth Profit Warning of Year Amid Weak US sales
The Northamptonshire-based footwear brand said sales fell 5 percent to £396 million ($499 million).
Dr Martens Issues Fourth Profit Warning of Year Amid Weak US sales
The Northamptonshire-based footwear brand said sales fell 5 percent to £396 million ($499 million).
Retail
More US Retailers Adopt ‘Keep It’ Returns Policies to Shelter Profits in Holiday Surge
This year, 59 percent of retailers offer so-called “return-less” or “keep it” policies for unwanted products whose returns costs exceed their value.
More US Retailers Adopt ‘Keep It’ Returns Policies to Shelter Profits in Holiday Surge
This year, 59 percent of retailers offer so-called “return-less” or “keep it” policies for unwanted products whose returns costs exceed their value.
Retail
Why Retailers Are Bracing for a Bleak Holiday Season
With consumers expected to buy less this holiday season, categories poised to outperform the industry include off-price and personal care. But brands can still appeal to shoppers by conveying a sense of value, whether through discounts or a point of differentiation.
Why Retailers Are Bracing for a Bleak Holiday Season
With consumers expected to buy less this holiday season, categories poised to outperform the industry include off-price and personal care. But brands can still appeal to shoppers by conveying a sense of value, whether through discounts or a point of differentiation.
Retail
Nordstrom Revenue Sags as Inflation Turns Holiday Shoppers Picky
Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading.
Nordstrom Revenue Sags as Inflation Turns Holiday Shoppers Picky
Shares of the upmarket department store chain fell nearly 1 percent in volatile after-market trading.
Entrepreneurship
Can A Spanish Men’s Jewellery Start-Up Take Its Hype Machine Global?
Twojeys has driven multi-million-euro sales of its accessibly priced jewels to Spanish Gen-Z shoppers by pushing engaging, voyeuristic content to its online community. Now the brand aims to take its concept international with the opening of a London store.
Can A Spanish Men’s Jewellery Start-Up Take Its Hype Machine Global?
Twojeys has driven multi-million-euro sales of its accessibly priced jewels to Spanish Gen-Z shoppers by pushing engaging, voyeuristic content to its online community. Now the brand aims to take its concept international with the opening of a London store.
Retail
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
The results underscore an emerging trend for retailers this quarter, which have reported improvements to profitability but have struggled to maintain the sales growth that powered them through the pandemic period.
Macy’s Rises as Profit Beats Forecasts on Improved Inventory
The results underscore an emerging trend for retailers this quarter, which have reported improvements to profitability but have struggled to maintain the sales growth that powered them through the pandemic period.
Retail
US Retail Sales Fall Slightly in October
US retail sales fell in October pointing to slowing demand that could further strengthen expectations that the Federal Reserve is done hiking interest rates.
US Retail Sales Fall Slightly in October
US retail sales fell in October pointing to slowing demand that could further strengthen expectations that the Federal Reserve is done hiking interest rates.
The News in Brief
Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
P&G to Buy Supplement Maker Thorne for $3.8 Billion
Shailesh Jejurikar, chief executive of the American personal care conglomerate, told CNBC it will acquire the line from LVMH-backed private equity firm L Catterton.
Eli Lilly to Offer Early Access to Next-Gen Obesity Drug to Some Patients
Eli Lilly said on Monday it would allow a limited number of patients to have early access to its experimental obesity drug, retatrutide, before its US FDA approval.
India’s Nykaa Posts Higher Quarterly Profit on Strong Beauty Demand, Fashion Growth
India’s FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in quarterly profit on Tuesday, boosted by strong growth in its beauty business and a sharp acceleration in fashion sales.
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
Shein Seeks $30 Billion to $40 Billion Valuation for August IPO, Sources Say
The valuation target marks a dramatic reset for Shein, which plans to launch its IPO as early as mid-August, three people familiar with the matter said.
Zalando Narrows Profit Outlook, Sees Growth at Lower End of Range
The online fashion retailer said 2026 revenue and growth will land in the lower half of its previously guided range and narrowed its adjusted operating profit outlook.