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.
Chris Benz Exits J.Crew
The womenswear designer is leaving the challenged brand just as it emerges from bankruptcy protection.
Bolstered by Lockdown Measures, Lululemon Beats Earnings Estimates
A shift to remote working and at-home exercise around the globe due to the COVID-19 pandemic has increased demand for comfortable athletic clothing.
JD Sports Restores Outlook as Sales Start To Recover
The sportswear retailer predicted full-year profit would be at least £265 million ($349 million).
Primark Profit Could Top Forecast After Robust Post-Lockdown Trading
In July Associated British Foods forecast full year adjusted operating profit for Primark in a range of $396-$462 million.
The ‘Zero Inventory’ Solution
The cost of inventory that doesn’t sell is fashion’s biggest inefficiency. But there is a better approach that some believe can be achieved at any scale.
Will American Retail Rise Again?
This week, everyone will be talking about what comes next for American retail, the prospects for the luxury watch market and Goop’s online wellness summit. Get your BoF Professional Cheat Sheet.
Neiman Marcus Bankruptcy Ends
The group won court permission on Friday to leave behind the debts and drama that pushed it into bankruptcy, just a day after its harshest critic was arrested on federal charges stemming from the case.
Can Brand Accelerators Save Emerging Labels from the Pandemic?
The Covid-19 crisis has made going it alone even harder for high-potential young labels. Brand platforms offer cash and critical operational support.
Hedge Fund Founder Draws US Charges in Bid for Neiman Marcus
The allegations offer a rare glimpse into the bare-knuckled tactics sometimes deployed in distressed-debt investing.
PVH Posts Surprise Profit Amid Demand for Casual Clothing
The Calvin Klein and Tommy Hilfiger owner reported a total revenue of $1.58 billion for the second quarter ended August 2, beating analysts' estimates of $1.25 billion.
The Next Big Activewear Opportunity
Nike has responded to the growing demand for maternity-specific workout clothes by launching a dedicated line. Will its competitors follow suit?
Can Fashion Trade Shows Survive the Pandemic?
With large in-person events facing an uncertain future due to changing coronavirus restrictions, trade shows have had to sharply adapt to serve their audiences. But with a changing format, will the business model have to change too?
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.