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
Global Markets
Aditya Birla Signs Deal With Authentic Brands Group to Distribute Reebok in India
The deal marks fashion giant ABFRL’s first foray into India’s booming sports and activewear segment.
Aditya Birla Signs Deal With Authentic Brands Group to Distribute Reebok in India
The deal marks fashion giant ABFRL’s first foray into India’s booming sports and activewear segment.
China
Dalian Wanda Eyes Growth, Plots Mall Expansion
The mainland’s largest commercial property company has sold off billions of yuan worth of assets to shrink its debts in recent years, but Dalian Wanda is once again eyeing growth by way of new retail complexes and movie theatres.
Dalian Wanda Eyes Growth, Plots Mall Expansion
The mainland’s largest commercial property company has sold off billions of yuan worth of assets to shrink its debts in recent years, but Dalian Wanda is once again eyeing growth by way of new retail complexes and movie theatres.
Workplace & Talent
How Retailers Can Prevent Robberies This Holiday Season
A spate of “smash and grab” robberies and similar organised theft incidents have dealt the latest blow to retailers looking to staff up at a critical time.
How Retailers Can Prevent Robberies This Holiday Season
A spate of “smash and grab” robberies and similar organised theft incidents have dealt the latest blow to retailers looking to staff up at a critical time.
Global Markets
Turkey’s Economic Crisis Batters Retailers, Boosts Apparel Exports
The country’s currency, the lira, has lost almost half its value against the dollar so far this year, and inflation is rising precipitously.
Turkey’s Economic Crisis Batters Retailers, Boosts Apparel Exports
The country’s currency, the lira, has lost almost half its value against the dollar so far this year, and inflation is rising precipitously.
China
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
Retail
JHSF’s José Auriemo Neto on Leveraging a Permanent Shift to Local Retail
São Paulo-based retail behemoth JHSF Participações has had to strengthen its relationships with local luxury clients during the pandemic. With tenants ranging from Louis Vuitton and Christian Dior, the group’s chairman has a plan to persuade well-travelled Brazilians to keep shopping domestically.
JHSF’s José Auriemo Neto on Leveraging a Permanent Shift to Local Retail
São Paulo-based retail behemoth JHSF Participações has had to strengthen its relationships with local luxury clients during the pandemic. With tenants ranging from Louis Vuitton and Christian Dior, the group’s chairman has a plan to persuade well-travelled Brazilians to keep shopping domestically.
Retail
Fearing Empty Shelves, Black Friday ‘Early Birds’ Head to US Stores
A surge in online shopping has dampened the size of traditional Black Friday crowds in recent years, but concerns over supply shortages are expected to lead to queues this year.
Fearing Empty Shelves, Black Friday ‘Early Birds’ Head to US Stores
A surge in online shopping has dampened the size of traditional Black Friday crowds in recent years, but concerns over supply shortages are expected to lead to queues this year.
Retail
Walmart, Gap, Nordstrom Unnerve Investors Ahead of Crucial Holiday Season
Big retailers are feeling the pressure from supply chain disruptions and rising costs.
Walmart, Gap, Nordstrom Unnerve Investors Ahead of Crucial Holiday Season
Big retailers are feeling the pressure from supply chain disruptions and rising costs.
Beauty
TikTok Fan Favourite Revolution Beauty to Expand in US Market
The makeup company plans to launch in 2,800 retail stores in the next three months.
TikTok Fan Favourite Revolution Beauty to Expand in US Market
The makeup company plans to launch in 2,800 retail stores in the next three months.
Retail
Mall Brands Plunge as Gap, Nordstrom Add to Worries
Mall staples Gap Inc. and Nordstrom Inc. tumbled after reporting disappointing results, adding to a series of worrisome retail earnings and renewing concerns over the global supply chain crisis.
Mall Brands Plunge as Gap, Nordstrom Add to Worries
Mall staples Gap Inc. and Nordstrom Inc. tumbled after reporting disappointing results, adding to a series of worrisome retail earnings and renewing concerns over the global supply chain crisis.
Retail
The 24-Year-Old Aiming to Dethrone Victoria’s Secret
Parade has a grand plan to be the ‘next big underwear brand.’ Up next: its first store.
The 24-Year-Old Aiming to Dethrone Victoria’s Secret
Parade has a grand plan to be the ‘next big underwear brand.’ Up next: its first store.
Workplace & Talent
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
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.