H&M Profit Rises on Tariff Refunds as Sales Remain Sluggish
US tariff refunds drove an increase operating profit, even as the fast-fashion retailer has struggled to deliver consistent sales growth.
Retail
Analysis and advice from the front lines of the retail transformation.
Seizing Fashion’s Homeware Opportunity
The home goods market was heating up pre-pandemic, but now a fresh crop of brands have ambitions to capitalise on the space. What do they need to do to succeed?
7 Ways to Make E-Commerce More Profitable
As online sales reached new heights in the pandemic, brands are grappling with new burdens on their bottom lines. From savvy inventory distribution to bundling products, here’s how they can keep costs down.
Brexit Threat Triggers Last-Minute Dash for Warehouse Space
Without a trade deal, British companies face the prospect of tariffs on shipments and additional paperwork that could create delays at border entry ports.
Alibaba Reports $56 Billion Sales as Singles' Day Gets Into Full Swing
The four-day sale has so far brought sellers 16 times as many orders by value than Amazon's global Prime Day last month.
Can Fashion Finally Crack the ‘Last Mile’?
Getting products to customers’ front doors has always been the most complex and expensive part of e-commerce logistics. Covid-19 and the ensuing boom in online sales have only upped the stakes.
Westfield Owner Unibail Rethinks Funding
The move comes after shareholders rejected a €3.5 billion ($4.15 billion) rights issue under pressure from activist investors.
Adidas Warns That Worsening Pandemic Will Weigh on Earnings
The German sportswear company's revenue is no longer on track for growth in the fourth quarter, predicting a single-digit percentage decline.
J.C. Penney Rescue Deal Approved in Bankruptcy Court
The move will avert a liquidation that would have put the department store chain out of business and jeopardised tens of thousands of jobs.
Why Fashion’s Most Vulnerable Companies Have the Most to Gain From a Vaccine
Strong results from Pfizer’s Covid-19 vaccine test sent stocks soaring, particularly for the retailers hardest hit by the pandemic. But the gains may be short-lived, analysts warn.
Mall Landlord Simon Property's Revenue Falls 25%
The company's shares, which closed up nearly 30 percent after drugmaker Pfizer Inc revealed progress in its experimental COVID-19 vaccine, were down about 6 percent after the closing bell.
#BoFLIVE: Engaging the Gen-Z Shopper
BoF's Lauren Sherman in conversation with Irregular Labs Founder Molly Logan and Tiffany Zhong, chief executive of Zebra IQ, on what fashion needs to know about Gen-Z.
UK Shopper Numbers Plummet as Second Lockdown Starts
From Thursday onwards footfall crashed, falling by an average of 46.7 percent from the week before.
THE NEWS IN BRIEF
Asos Names Law Roach ‘Stylist in Residence’
Online fashion retailer Asos has brought on celebrity stylist Law Roach to bring his creative lens and styling approach to its campaigns and recently relaunched magazine.
Boohoo’s New Chairman Stirs Controversy as Broker Drops Coverage
The online clothing retailer, which rebranded as Debenhams Group last year, said Friday that Iain McDonald had taken over from Tim Morris with immediate effect in a move aimed at ‘rebuilding equity value.’
UK Retail Sales Bounce Back With 0.5% Gain in August
Warm weather and a brighter national mood helped lift spending on clothing and household goods despite rising energy bills.
Authentic Brands Targets Creator Economy, Eyes Public Offering
The licensor could pursue an IPO as early as the first half of next year.
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.