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.
Retail Reborn Episode 2: Building Smarter, More Sustainable Supply Chains
In Episode 2 of BoF’s new podcast series, Doug Stephens investigates how supply chains must evolve to meet the novel challenges faced by both the fashion industry and the planet — with guests including John Thorbeck, chairman of Chainge Capital and Nina Marenzi, founder of The Sustainable Angle.
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
6 Ways the Pandemic Has Changed How People Shop
From heightened expectations around delivery to a preference for local brands, people are adjusting their consumption habits in the wake of the pandemic. Here’s what retailers should know.
A $700 Million Commercial Mortgage-Backed Security Portfolio Is On the Brink as Malls Collapse
The bond’s performance shows how rapidly the pandemic is deepening losses in a sector that was already getting crushed by online shopping.
Can Amazon Crack the Luxury Market This Time?
The American e-commerce giant has been trying to lure luxury fashion brands to its platform for years. Now, it’s new, mobile-only ‘Luxury Stores’ launch aims to adapt the successful template set out by Alibaba’s Tmall for its customers.
Lululemon Defies Brick-and-Mortar Woes in Plan To Add Stores
The sportswear company said its stores are small, profitable and serve as an anchor for the brand’s loyal customers.
UK's Biggest IPO in Years Was an E-Commerce Company
The Hut Group raised £1.9 billion ($2.4 billion) in the biggest listing on the London Stock Exchange since June 2017.
US Retail Sales Rebound Slows After Extra Jobless Aid Lapses
The expiration of the supplemental $600 weekly payments at the end of July as well as slowdowns in back-to-school spending likely weighed on retail activity during the month.
Zara Owner’s Lean Business Model Helps It Cope With Pandemic
Inditex managed to reduce stock-in-trade by 19 percent at the end of July, softening the blow to earnings.
Creditors of New Look Back Restructuring Plan
The British fashion retailer will receive turnover-based leases at 402 stores to help it weather the coronavirus crisis.
Retail Reborn Episode 1: How Trauma Transforms the Consumer Psyche
In Episode 1 of BoF’s new podcast series, Doug Stephens and social psychologist Sheldon Solomon PhD examine the impact of collective traumas like Covid-19 on consumer behaviour.
H&M Third Quarter Profit Beats Estimates
The fast fashion retailer, which will publish its full quarterly report on October 1, reported pretax earnings of around $229 million.
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.