Another Lululemon Executive Exits Ahead of Incoming CEO
The departure of AI chief Ranju Das after less than a year in the role comes shortly after the chief strategy officer exited ahead of new chief executive Heidi O'Neill joining in September.
stores
Retail
What Happens When the E-Commerce Boom Ends
Online sales growth is slowing, returning to its pre-pandemic trajectory. As shoppers head back into the store, their new expectations around service set the stage for the next chapter of retail.
What Happens When the E-Commerce Boom Ends
Online sales growth is slowing, returning to its pre-pandemic trajectory. As shoppers head back into the store, their new expectations around service set the stage for the next chapter of retail.
Luxury
Valentino Settles Litigation Over Pandemic-Shuttered Manhattan Boutique
Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the Covid-19 pandemic.
Valentino Settles Litigation Over Pandemic-Shuttered Manhattan Boutique
Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the Covid-19 pandemic.
Partner Content
Retail Reborn Episode 1: Where Consumers Will Buy
Retail futurist Doug Stephens, associate professor Thomas J. Campanella, ‘Godmother of the Metaverse’ Cathy Hackl, and Stôur Group co-founders Sonny Gindi and Eden Melloul discuss how physical and digital consumer landscapes are evolving to meet next-gen consumer demands.
Retail Reborn Episode 1: Where Consumers Will Buy
Retail futurist Doug Stephens, associate professor Thomas J. Campanella, ‘Godmother of the Metaverse’ Cathy Hackl, and Stôur Group co-founders Sonny Gindi and Eden Melloul discuss how physical and digital consumer landscapes are evolving to meet next-gen consumer demands.
Global Markets
Russia Looks to Retailers From Turkey, China, India and Brazil as European Brands Exit
The Russian Union of Shopping Centers is reportedly in negotiations with retailers from Turkey, China, India and Brazil to open new stores in the country’s shopping centers.
Russia Looks to Retailers From Turkey, China, India and Brazil as European Brands Exit
The Russian Union of Shopping Centers is reportedly in negotiations with retailers from Turkey, China, India and Brazil to open new stores in the country’s shopping centers.
Retail
Britain’s Next Trims Guidance on Overseas Outlook
British clothing retailer Next reported a 10 percent rise in annual profit but trimmed its guidance for 2022-23, with a better than expected start to the year in its home market offset by a deteriorating picture overseas.
Britain’s Next Trims Guidance on Overseas Outlook
British clothing retailer Next reported a 10 percent rise in annual profit but trimmed its guidance for 2022-23, with a better than expected start to the year in its home market offset by a deteriorating picture overseas.
Retail
How Retail’s Bad Practices Weaken the West
While geopolitical events have disrupted retail, retail has also been a chief contributor to geopolitical disruption, writes Doug Stephens.
How Retail’s Bad Practices Weaken the West
While geopolitical events have disrupted retail, retail has also been a chief contributor to geopolitical disruption, writes Doug Stephens.
Partner Content
Retail Reborn Season 2: The Consumer of Tomorrow
In the second season of the hit podcast series with host Doug Stephens, 14 global authorities and thought leaders, from fashion and retail executives to futurists and academics, share insights on the changing consumer lifestyles and expectations shaping the retail ecosystem.
Retail Reborn Season 2: The Consumer of Tomorrow
In the second season of the hit podcast series with host Doug Stephens, 14 global authorities and thought leaders, from fashion and retail executives to futurists and academics, share insights on the changing consumer lifestyles and expectations shaping the retail ecosystem.
Retail
Kohl’s Asks Goldman to Coordinate With Bidders for Retailer
Kohl’s said in a statement Monday that it has received multiple preliminary indications of interest that are non-binding and don’t have committed financing.
Kohl’s Asks Goldman to Coordinate With Bidders for Retailer
Kohl’s said in a statement Monday that it has received multiple preliminary indications of interest that are non-binding and don’t have committed financing.
Global Markets
Moscow Malls Risk Losing 30% of Tenants Following Western Brand Exodus
Until recently, international tenants occupied 34 percent of leasable space in Moscow’s main shopping centres, and 22 percent in its smaller centres.
Moscow Malls Risk Losing 30% of Tenants Following Western Brand Exodus
Until recently, international tenants occupied 34 percent of leasable space in Moscow’s main shopping centres, and 22 percent in its smaller centres.
Retail
The Future of Airport Retail
Travellers returning to the airport for the first time since the pandemic will find a different retail landscape awaits them past the security gate.
The Future of Airport Retail
Travellers returning to the airport for the first time since the pandemic will find a different retail landscape awaits them past the security gate.
Retail
H&M Sales Soar but Shares Slip on Wider Ukraine Impact Concern
H&M reported a 23 percent rise in first quarter sales on Tuesday, which was in line with market expectations, as the world’s second-biggest fashion retailer attempts to build on its recovery from the Covid-19 pandemic.
H&M Sales Soar but Shares Slip on Wider Ukraine Impact Concern
H&M reported a 23 percent rise in first quarter sales on Tuesday, which was in line with market expectations, as the world’s second-biggest fashion retailer attempts to build on its recovery from the Covid-19 pandemic.
Workplace & Talent
Hodinkee Hires Farfetch’s Jeffery Fowler as CEO
The executive handoff comes as the online destination for watch superfans looks to expand its e-commerce business, which has surpassed $100 million in annual sales.
Hodinkee Hires Farfetch’s Jeffery Fowler as CEO
The executive handoff comes as the online destination for watch superfans looks to expand its e-commerce business, which has surpassed $100 million in annual sales.
The News in Brief
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.
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.