Shein Shares Sink to Record Low After Profit Plunge
The ultra-fast-fashion giant’s share price fell 12 percent after it reported a steep drop in first-half operating income in its inaugural earnings as a public company.
Retail
Analysis and advice from the front lines of the retail transformation.
Alhambra Berlin’s Concept for Retail in a Post-Covid Era
The co-retailing space will offer off-the-shelf amplification packages to its temporary tenants, including built-in social media strategies, event activation, product staging, as well as customer engagement technology and visitor analysis.
AB Foods Earnings Fall 40% on Primark's Profit Hit
The fast fashion retailer saw profit plunge to £362 million from £969 million.
Hugo Boss Returns To Profit Even as Sales Slow
The German suit maker reported a better-than-expected third-quarter operating profit of €15 million ($17.52 million).
The Future of Resale: 5 Key Questions
With Poshmark and ThredUp joining The RealReal in going public, the fashion resale market is set for major change. BoF examines the five key questions that will determine how the space shapes up.
Hong Kong’s Retail Woes Persisted in September
With inbound tourism unlikely to see a swift rebound, the city's retail sector continues to suffer in the wake of Covid-19 and socio-political unrest.
Primark-Owner Expects £375 Million of Sales Lost From Lockdowns
Associated British Foods said 57 percent of Primark's total selling space will be temporarily closed from 5 November.
CBL Files for Chapter 11 Bankruptcy Protection
The process will give the mall operator a chance to continue functioning while reorganising its finances and business.
UK Retailers Face Christmas Nightmare With Fresh Lockdown
The new restrictions could prove fatal for some businesses, particularly if they’re extended beyond the initial four weeks.
Under Armour Forecasts Revenue Above Estimates
The sportswear company also announced the sale of its MyFitnessPal exercise tracking platform for $345 million.
The Evolving Physical Retail Opportunity
‘Essentially, we are allowing our partners to use the property space to serve their consumers and patrons in a safe, exciting and effective manner,’ explains Meredith Darnall, senior vice president of business intelligence and strategy at Brookfield Properties.
Case Study | How to Build a Customer-Centric Brand
For 50 years, Urban Outfitters has managed to ride the waves of mid-priced apparel retail without succumbing to the steady decline of its competitors. The key to the success of its brand stable — which also includes Anthropologie, Free People and Nuuly — is the company’s belief that the customer should define the product mix, not the merchant.
US Businesses Splurge on Insurance to Protect Against Post-Election Chaos
Among retailers, high-end brands typically have the greatest risk for protest damage and many are hunting for alternatives after some insurers excluded the coverage.
THE NEWS IN BRIEF
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.
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.