Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
stores
Retail
Why Fashion Can’t Escape the Discount Cycle
Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022.
Why Fashion Can’t Escape the Discount Cycle
Last year, American retailers seemed to have broken their habit of relying on deep promotions, thanks to limited inventory and pent-up demand. These beneficial circumstances, experts say, may be disappearing in 2022.
China
Chinese Beauty Retailer Harmay Raises $200 Million in New Funding
The up-and-coming Beijing-based beauty retailer has secured $200 million in recent Series C and D rounds of funding, led by QY Capital and General Allantic.
Chinese Beauty Retailer Harmay Raises $200 Million in New Funding
The up-and-coming Beijing-based beauty retailer has secured $200 million in recent Series C and D rounds of funding, led by QY Capital and General Allantic.
Retail
Primark Pledges Not to Raise Prices
British clothing retailer Primark will not raise prices for its Spring/Summer range despite inflationary cost pressures, the finance chief of its owner Associated British Foods said on Thursday.
Primark Pledges Not to Raise Prices
British clothing retailer Primark will not raise prices for its Spring/Summer range despite inflationary cost pressures, the finance chief of its owner Associated British Foods said on Thursday.
Retail
Amazon to Open Fashion Store Where Algorithms Suggest What to Try On
The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year, with a tech twist.
Amazon to Open Fashion Store Where Algorithms Suggest What to Try On
The online retailer is making another push to grow its fashion business, announcing on Thursday it will open its first-ever apparel store this year, with a tech twist.
Luxury
Are Department Stores Still Relevant?
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
Are Department Stores Still Relevant?
Selfridges’ sale for a lofty $5.4 billion suggests there is still life in the department store model. But how to grow in a shrinking category?
Workplace & Talent
Retail Employees Are Under Attack. Here’s What Brands Can Do
Fashion brands will need to think beyond barebones safety protocols as they scramble to fix a problem that’s only getting worse as the pandemic drags on.
Retail Employees Are Under Attack. Here’s What Brands Can Do
Fashion brands will need to think beyond barebones safety protocols as they scramble to fix a problem that’s only getting worse as the pandemic drags on.
Retail
Can Independent Stores Be Successful Online?
Elysewalker, a chain of boutiques in the Los Angeles area, is opening an online shop this month, joining an already-crowded landscape of luxury fashion e-tailers. Here’s how it plans to stand out.
Can Independent Stores Be Successful Online?
Elysewalker, a chain of boutiques in the Los Angeles area, is opening an online shop this month, joining an already-crowded landscape of luxury fashion e-tailers. Here’s how it plans to stand out.
Retail
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
How to Deal With Retail’s Returns Frenzy
Surging online sales during the pandemic have touched off a similarly massive wave of returns. Here’s how some brands are handling the deluge.
Retail
M&S Nudges up Outlook After Strong Christmas
M&S said it now expected full-year profit before tax and adjusted items to be at least £500 million.
M&S Nudges up Outlook After Strong Christmas
M&S said it now expected full-year profit before tax and adjusted items to be at least £500 million.
Retail
Uniqlo Owner’s Profits Boosted by Overseas Surge as Japan Sales Fall
Japan’s Fast Retailing, owner of clothing brand Uniqlo, said on Thursday overseas markets powered profit growth in the first quarter, even as sales declined at home and in China.
Uniqlo Owner’s Profits Boosted by Overseas Surge as Japan Sales Fall
Japan’s Fast Retailing, owner of clothing brand Uniqlo, said on Thursday overseas markets powered profit growth in the first quarter, even as sales declined at home and in China.
Retail
Walgreens Is Exploring Options for Its Boots Business, CEO Says
Walgreens Boots Alliance Inc. has begun a strategic review of its Boots drugstore business, chief executive officer Rosalind Brewer said at the JPMorgan Healthcare Conference.
Walgreens Is Exploring Options for Its Boots Business, CEO Says
Walgreens Boots Alliance Inc. has begun a strategic review of its Boots drugstore business, chief executive officer Rosalind Brewer said at the JPMorgan Healthcare Conference.
Partner Content
How Centralised Customer Data Platforms Can Drive Retail Growth
Having a unified platform that serves all the endpoints of a business is essential to driving growth and platforming the new major players within clienteling: text, voice and live video, says Teamwork Commerce CEO, Michael Mauerer.
How Centralised Customer Data Platforms Can Drive Retail Growth
Having a unified platform that serves all the endpoints of a business is essential to driving growth and platforming the new major players within clienteling: text, voice and live video, says Teamwork Commerce CEO, Michael Mauerer.
The News in Brief
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.
Boohoo Fined $2.7 Million by French Watchdog Over Deceptive Discounts
Nearly half of the examined promotions were revealed to be price increases. The Debenhams-owned fast-fashion brand also used terms like ‘leather’ to sell synthetic products.
Report: Shein Postpones IPO to September
Shein has pushed back its market debut following a delay in taking investor orders for its Hong Kong IPO at a reduced valuation, the South China Morning Post reported.