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.
Saks Faces Eviction in Miami Over $1.9 Million in Unpaid Rent
The department store owner told its landlord this month that it couldn’t make lease payments due to the effects of the Covid-19 pandemic.
How to Prepare for the Toughest Holiday Season Ever
The fashion industry is confronting a fourth quarter that will be like no other as the ongoing pandemic keeps shoppers at home and the economy in flux. What can retailers do?
Dick’s Sales Surge as Consumers Snap Up Sporting Goods
The key retail metric of same-store sales surged 21 percent — more than double the estimate of analysts compiled by Consensus Metrix.
Hudson's Bay Company Reportedly Scraps Financing Plan
The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.
New Look Puts Latest Restructuring Proposal To Landlords
The UK retailer seeks turnover-based leases at 402 stores to cut costs and ensure its survival.
How to Make Your Sale Stand Out
From once-a-year events to private access, retail experts and consumer psychologists share the best discounting strategies for getting customers to shop sales.
Lessons from a Direct-to-Consumer Success Story
Dôen is in the rare position of having built a profitable business actually selling clothes. But the pandemic upended its production capabilities and ambitious goals for the year. BoF finds out what that means for the community-driven label.
J. Crew Wins Bankruptcy Exit Approval
To do so, it’ll swap more than $1.6 billion of old secured debt for ownership in the company.
Nordstrom Reports 53% Dip in Sales
The Seattle-based company's online sales also fell 5 percent in the quarter ending on Aug. 1.
BoF LIVE: The Future of Physical Retail
Watch Warby Parker’s Neil Blumenthal, leading retail analysts Sucharita Kodali and Sarah Willersdorf, and BoF's Lauren Sherman and Cathaleen Chen discuss how brands and retailers should redefine the importance of brick-and-mortar stores.
The Case for Opening a New Store Right Now
From solo entrepreneurs to global giants, plenty of brands are still betting big on physical retail, despite the ongoing pandemic. What's the argument for such an unexpected strategy?
Real Estate Investors Skip Paying Loans While Raising Billions
The economic fallout from the coronavirus has devalued some real estate while also creating new targets for these cash-loaded investors.
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.