Court Lets Trump Halt Tariff Exemption for Low-Cost Goods
In a decision on Thursday, a US trade court refused to disturb executive orders that lifted the ‘de minimis’ exemption for goods with a retail value of $800 or less.
stores
Retail
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure
Inventories in the quarter ended July 30 rose 48 percent from a year ago because of lower sales and other factors, including investments to support the opening of 400 Sephora shops at Kohl’s locations in 2022.
Kohl’s Falls After Fresh Forecast Cut on Inflation Pressure
Inventories in the quarter ended July 30 rose 48 percent from a year ago because of lower sales and other factors, including investments to support the opening of 400 Sephora shops at Kohl’s locations in 2022.
China
Where to Invest in China
Luxury brands are optimising their store networks in the mainland to better target shoppers in both unconventional and prime locations amid an increasingly worrying outlook.
Where to Invest in China
Luxury brands are optimising their store networks in the mainland to better target shoppers in both unconventional and prime locations amid an increasingly worrying outlook.
Retail
Uniqlo’s Owner Pushes Deeper Into North America With GU Brand
Opening this fall in Soho, New York, the pop-up store will be GU’s first outside Asia, where there are already 450 outlets selling more stylish and trendy apparel aimed at younger customers.
Uniqlo’s Owner Pushes Deeper Into North America With GU Brand
Opening this fall in Soho, New York, the pop-up store will be GU’s first outside Asia, where there are already 450 outlets selling more stylish and trendy apparel aimed at younger customers.
Retail
Westfield-Owner Unibail Rises on Recovery, Hiked Guidance
Unibail said its first-half reported AREPS, up 53.1 percent year-on-year, was mostly driven by retail operation performance, including the end of Covid-19 rent relief, lower doubtful debtors with improved rent collection, and higher variable income.
Westfield-Owner Unibail Rises on Recovery, Hiked Guidance
Unibail said its first-half reported AREPS, up 53.1 percent year-on-year, was mostly driven by retail operation performance, including the end of Covid-19 rent relief, lower doubtful debtors with improved rent collection, and higher variable income.
Retail
Walmart ‘Train Wreck’ Profit Warning Sends Shares Down 10%
Shares of rivals including Target and Amazon.com also tanked after Walmart’s warning, which signalled a “proverbial train wreck” for retailers, Burt Flickinger, managing director at Strategic Resource Group, said.
Walmart ‘Train Wreck’ Profit Warning Sends Shares Down 10%
Shares of rivals including Target and Amazon.com also tanked after Walmart’s warning, which signalled a “proverbial train wreck” for retailers, Burt Flickinger, managing director at Strategic Resource Group, said.
Retail
The J.Crew Comeback Starts Now
With its new menswear collection under creative director Brendon Babenzien, the retailer has its best shot in years at returning to the fashion zeitgeist.
The J.Crew Comeback Starts Now
With its new menswear collection under creative director Brendon Babenzien, the retailer has its best shot in years at returning to the fashion zeitgeist.
Retail
Fashion Magazine and Brand 032c Opens Berlin Store
The publication, which also created its first ready-to-wear line in 2018, will open its first stand-alone retail space on Saturday, July 23, at 11 am CET.
Fashion Magazine and Brand 032c Opens Berlin Store
The publication, which also created its first ready-to-wear line in 2018, will open its first stand-alone retail space on Saturday, July 23, at 11 am CET.
Retail
BoF LIVE | How to Navigate the Return of Wholesale
A panel of experts discuss how to work with third-party retailers and why since the pandemic pivot to e-commerce its easier than ever.
BoF LIVE | How to Navigate the Return of Wholesale
A panel of experts discuss how to work with third-party retailers and why since the pandemic pivot to e-commerce its easier than ever.
Retail
Why Fashion’s Inventory Problem Is Back (And How to Solve It)
A combination of shipping delays and misjudging consumer demand has caused stockpiles to come roaring back. Retailers are using discounts and more creative measures to bring them back down.
Why Fashion’s Inventory Problem Is Back (And How to Solve It)
A combination of shipping delays and misjudging consumer demand has caused stockpiles to come roaring back. Retailers are using discounts and more creative measures to bring them back down.
Luxury
Thom Browne’s Path to $500 Million, 500 Square Feet at a Time
The Zegna-owned brand seeks to double sales to over $500 million from $230 million in 2021 while maintaining its insider cachet. CEO Rodrigo Bazan sees opening intimate boutiques in offbeat locations as a path to keep growing in a luxury market dominated by European giants.
Thom Browne’s Path to $500 Million, 500 Square Feet at a Time
The Zegna-owned brand seeks to double sales to over $500 million from $230 million in 2021 while maintaining its insider cachet. CEO Rodrigo Bazan sees opening intimate boutiques in offbeat locations as a path to keep growing in a luxury market dominated by European giants.
Marketing
Why Nordstrom Appears to Be Pivoting Away From Influencers
Influencers helped turn Nordstrom’s annual Anniversary Sale into a major moment for the department store. This year, the retailer is leaning less on social media marketing, and some creators say they’re downplaying what was once their biggest moneymaker.
Why Nordstrom Appears to Be Pivoting Away From Influencers
Influencers helped turn Nordstrom’s annual Anniversary Sale into a major moment for the department store. This year, the retailer is leaning less on social media marketing, and some creators say they’re downplaying what was once their biggest moneymaker.
Luxury
Tommy Hilfiger Is Returning to New York Fashion Week in September
The brand will show its fall 2022 collection in Brooklyn, marking its first runway show since the pandemic began. It will also be livestreamed on Roblox.
Tommy Hilfiger Is Returning to New York Fashion Week in September
The brand will show its fall 2022 collection in Brooklyn, marking its first runway show since the pandemic began. It will also be livestreamed on Roblox.
The News in Brief
Samsonite Buys Stake in Béis for $178.5 Million
Founder and actress Shay Mitchell will retain a 15 percent stake in Béis, which will become a Samsonite subsidiary after the deal closes.
Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
US Seeks Sentence for Founder of Fashion-Tech Company CaaStle
Prosecutors compared Christine Hunsicker to Elizabeth Holmes as they sought a 12.5 year prison sentence in the $300 million securities fraud case.
Shein Loses UK Copyright Lawsuit Against Temu Over Clothing Photos
The ultra-fast fashion platform lost the first round of a London legal battle against its rival for alleged copyright infringement in relation to photos of some of its products.
Birkenstock Nudges Forecast Higher on Solid Sandal Demand
The German brand bumped its sales forecast to the upper limit of its target range and posted strong quarterly earnings as consumers snapped up its sandals and clogs.
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
Allies of Skin’s Founder Nicolas Travis Has Resigned
The Singapore-based luxury skincare brand has also appointed Alicia Valencia as interim president.