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.
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
Asos Sees Quadrupling of Profit on Strong Pandemic Demand
The fast fashion e-tailer made a pretax profit of £142.1 million in the year to August 31, up from £33.1 million in the same period last year.
Fast Retailing Annual Profit Likely Halved
The Japanese retailer expects profit to rebound around 70 percent in the next fiscal year.
Who You Need to Hire for the E-Commerce Boom
As the pandemic reshapes consumer preferences, companies are shifting their workforces to accommodate a new reality.
French Connection First-Half Sales Halve
The British retailer's results have more than tripled underlying losses compared to the same period a year earlier.
Amazon Pitches Early Holiday Shopping With Fall 'Prime Day' Event
The event, typically held in July, is now a kickoff to what will be an earlier holiday shopping season.
Can Black Designers Break Through with Key Retailers?
This season, Black designers are finding that buyers at sought-after stores are more eager to stock their brands, though many of the barriers that have kept Black-led labels from key retailers remain in place.
The Key to Brick-and-Mortar During the Pandemic? Neighbourhood Retail
With commuting and tourism sharply down, savvy retailers are using creative partnerships with local attractions to target consumers in their neighbourhoods.
Amazon Kicks Off the Holiday Shopping Season Early
This week, everyone will be talking about Amazon Prime Day, efforts to revive US economic stimulus negotiations and Uniqlo owner Fast Retailing's expansion plans. Get your BoF Professional Cheat Sheet.
The Pros and Cons of Virtual Showrooms
Platforms like Nuorder and Joor dissolved many pain points for brands and retailers this selling season, but they may never be a perfect solution.
J.C. Penney Judge Urges Aurelius Group to Bid
The push comes as J.C. Penney, its biggest landlords and holders of most of its senior debt work to execute a bid that would rescue the company by October 16.
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.