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.
How Fashion and Beauty Can Better Engage with Black Businesses
Four months after renewed demands for racial justice hit the fashion and beauty industries, what — beyond symbolic gestures — has been done, and what will it take to make initiatives like the 15 Percent Pledge work?
Retail Reborn Episode 4: Will Covid-19 Kill Experiential Retail? Not So Fast.
Doug Stephens, founder of Retail Prophet, examines how the concept of reimagining the store as media can be applied even during a pandemic, with guests including Neighborhood Goods’ Matt Alexander, Story founder Rachel Shechtman and Ben Kaufman, CEO and co-founder of CAMP.
Puma Shares Dip as Kering Sells 5.9% Stake
Kering sold its stake in the German sportswear company for approximately $772 million.
BoF Live: How Brands Can Use E-Commerce to Create Lasting Customer Relationships
From the shift to storytelling to user generated content, Shopify Plus’ Head of EMEA Shimona Mehta and Ilia Beauty CEO Lynda Berkowitz joined BoF’s Robin Mellery-Pratt to discuss customer acquisition strategies and how e-commerce can build consumer relationships that last.
Can a New Mall Make It in 2020?
This week, everyone will be talking about the start of market week, the reopening of the American Dream mall and Shanghai Fashion Week. Get your BoF Professional Cheat Sheet.
Report: Clarks in Exclusive Deal Talks With LionRock Capital
The investment firm is looking to secure a majority stake in the footwear chain valued at up to $193.97 million, according to people familiar with the matter.
H&M To Close Hundreds of Stores as Online Shift Accelerates
The retailer aims to cut its store number by a net 250 next year, representing 5 percent of its current network.
Worldpay's Insights on Retail’s New Growth Levers
Processing over 31 million online, in-store and mobile transactions on any given day, Worldpay shares insights on the rapid developments in customer-centric retail strategies.
Hong Kong Retail Slide Continued in August Amid Restrictions
Retail sales by value fell 13.1 percent from a year earlier to HK$25.6 billion ($3.3 billion).
Boohoo Shoppers Undeterred by Scandal
The ultra-fast fashion company boosted its outlook as its core customer base appeared unfazed by reports of poor working conditions in its supply chain.
Will Stefan Larsson Turn PVH Into a Modern Brand Machine?
The former Ralph Lauren and Old Navy executive, who will replace current CEO Manny Chirico in a planned succession next February, is known for a forward-thinking approach on brand management and operations.
Brand Licensing Deals: Fresh Start or Beginning of the End?
Licensing firms have a reputation for buying famous but faded labels and milking them dry. Will Brooks Brothers, Barneys and others in bankruptcy today meet the same fate?
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.