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.
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.
Fashion’s Retail Workers Are Bearing the Brunt of the Crisis
As the industry braces for an uncertain autumn and government support winds down for the unemployed, companies should make efforts to listen to and protect their store associates.
Eyewear Brands Cash In on Our Screen-Time Overdose
With everyone working from home, brands and retailers have seen sales for blue light-blocking 'screen readers' surge. Has the pandemic helped the category find its feet?
Impatient Landlords Say No Way to Giving Ascena a Break on Rent
The bankrupt owner of the Ann Taylor and Lane Bryant asked for a deferral in July, but a group of landlords argue it isn't reasonable because most of the company’s stores are operating despite the pandemic.
J. C. Penney Shareholders at Risk of Wipeout Want Voice in Court
The group argues a liquidation would generate more than $8.4 billion, enough to pay off all creditors with some left over for shareholders.
Zalando Launches Diversity Drive After Racism Investigation
The German e-tailer's former art director accused the company of failing to respond to complaints in 2018 about employees who resisted booking Black models.
ThredUp Plans IPO Early Next Year
The secondhand fashion e-tailer could raise between $200 million and $300 million, people familiar with the matter said.
Pre-Orders Are Becoming a Popular Tool for Fashion Brands. But Are They a Good Idea?
Independent designers like Telfar are bringing pre-orders directly to their customers — online and outside of the traditional seasonal delivery schedule. BoF explores the pros and cons of the strategy, and how to talk to customers about waiting in a fast-fashion world.
T.J. Maxx-Owner Forecasts Current-Quarter Comparable Sales to Drop Up to 20%
The retailer, struggling with its supply chain, reported a second-quarter decline in sales too.
Fitness Retailer Sweaty Betty to Prepare $524 Million Sale
One of the company’s largest backers is consumer-focused private equity firm L Catterton, which invested in the brand in 2015
L Brands Reports 63% Surge in Same-Store Sales
The growth was fuelled by its Bath & Body Works brand.
Target Sees Record Sales Since March
The American retailer's comparable sales rose 24 percent in the second quarter.
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.