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.
At Cegid, Unifying the Shopping Experience Across Touchpoints
Global retail software company Cegid shares its insights on how unifying the shopping experience can help create competitive advantage in luxury and fashion retail, from omnichannel sales and fulfilment to expanding the role of the store.
US Retailers Secure Stores as Worries About Election Unrest Mount
As security experts warn that the US presidential election could spark renewed civil unrest, stores in major cities like Chicago remain boarded up following on from Black Lives Matter protests during the spring and summer.
Gap Looks at Closing Stores in Some European Countries
The retailer to is hoping to save cash while dealing with a sales slump brought on by the pandemic.
Amazon Extends Work From Home Option Until June
The development comes weeks after the e-commerce giant said more than 19,000 of its US frontline workers contracted Covid-19 this year.
J.C. Penney Rushes to Finalise Sale to Lender
With a planned sale to its bankruptcy lenders and biggest landlords, the retailer must first finish a staggering lease agreement with less than a week to close the deal.
Report: Top Audit Firms Decline to Work With Boohoo
Four accounting companies, including Deloitte and Grant Thornton, have already ruled out working with Boohoo, the Telegraph reported on Tuesday.
Kohl’s Promises Wary Investors Margin Boost
The retailer plans to increase activewear sales to be at least 30 percent of its business, up from about 20 percent in 2019.
Boohoo Seeks New Auditor To Replace PWC
The fast fashion e-tailer's stock dropped as much as 17 percent after the news broke.
UK Shopper Numbers Fall Again as Covid-19 Restrictions Tighten
Shopper numbers were down 2.8 percent on high streets and 3.5 percent in shopping centres.
US Consumer Sentiment Ticks Up, Still Below Pre-Pandemic Level
Consumer views of buying conditions for durable goods have worsened ahead of the holiday shopping season.
J.C. Penney Sale Talks Stall Ahead of Crucial Holiday Season
The standstill comes ahead of a crticial quarter, raising the prospect that creditors will carry the burden of millions of dollars in extra costs.
Madison Avenue Rent Plunges With Manhattan Retail Taking a Hit
The high-end shopping corridor, home to luxury brands and swanky boutiques, saw a 17 percent decline in rent in the third quarter.
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.