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.
Amazon Prepares for Holiday Sales Rush
Governments' stay-at-home orders mean more shoppers will rely on the e-commerce giant to deliver presents in time for Christmas.
Puma Reports Jump in Sales in America and Europe
The German sportswear company's quarterly sales rose by 13 percent to €1.58 billion ($1.87 billion), beating forecasts for €1.56 billion.
Shopify Partners with TikTok
The e-commerce company said the partnership will allow its merchants to sell product in the form of shoppable video ads.
Retail Reborn Episode 5: The Earthshot: A New Sustainability Mindset for Fashion Retail
In the final episode of BoF’s new podcast series Retail Reborn, Doug Stephens explores how fashion retail must evolve so it can operate within planetary boundaries featuring guests including sustainable design authority William McDonough, founder and CEO of Jordan Alliance Group Inc, Ilka Jordan, and Sanjeev Bahl, founder of sustainable denim manufacturer Saitex.
After Going All-In on Amazon, a Merchant Says He Lost Everything
Barak Govani made a big bet on the e-commerce giant earlier this year after closing his Melrose Avenue store and packing up $1.5 million in inventory.
The Evolution of Omnichannel
Today, retailers are connecting online and offline touchpoints to create more effective purchase journeys. Here's how they're doing it.
What Makes a Mall Work in 2020
Exceptional shopping centres can thrive even in the middle of a pandemic. What separates the winners from the losers? And where should brands place their bets?
SMCP Eyes Bigger China Push
The Sandro-owner said it would ramp up spending on advertising and increase investment in online sales.
Hut Group Raises Revenue Guidance in Debut Trading Update
The company now expects full-year revenue to grow by up to a third to about £1.48 to £1.52 billion.
This Is How Black Friday Works in a Pandemic
From earlier sales to in-store fulfilment, retailers must find creative solutions to succeed during an unprecedented holiday season.
Bloomingdale’s Bid to Keep Covid From Stealing Christmas
At a time when retailers usually try to lure shoppers with festive music and decorations, the luxury department store has amped up its website and — in a very out-of-character move — plans to drive traffic through flash sales.
Report: Adidas Prepares Sale of the Reebok Brand
The company will decide in the coming months whether to proceed with a sales process, said a person familiar with the matter.
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.