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.
Asos Boosts Sales and Profit Outlook on Strong Demand
The British online fashion retailer forecast a pretax profit in the region of $170-$196 million for its 2019-20 year.
BoF LIVE: How Lululemon Built Athleisure’s Leading Brand
BoF unpacks why a brand built on yoga leggings is winning the pandemic.
Brooks Brothers Bidding Narrows to Venture Backed by New Barneys Owner
Authentic Brands and Simon Property Group had previously disclosed they were bidding $305 million for the company's global business operations.
Zalando Sees Strong Demand and Fewer Returns
The German e-tailer said it saw a 27 percent rise in revenue to €2.03 billion.
Report: Simon Property Group to Transform Some Stores Into Amazon Fulfilment Centres
The two companies were in talks before the pandemic about converting retail space that was formerly occupied by J.C. Penney and Sears Holdings Corp.
Brands Claim Their Clothes Kill Viruses. Will Consumers Buy It?
With apparel spending down sharply, retailers are willing to try almost anything to lure anxious shoppers back. Tackling their fear of germs head-on is one way to woo them.
Who Wants to Buy Europe's Failing Fashion Brands?
An online retailer chasing growth, a supplier-turned-retailer, and a worried Italian government are among the unlikely cast of investors shelling out for brands including Warehouse, Naf Naf and Corneliani. The assets are small fish, but the deals could hint at bigger transactions to come.
Is Luxury E-Commerce Still Booming?
This week, everyone will be talking about Tapestry's first earnings since CEO Jide Zeitlin stepped down, the return of in-person shows at Copenhagen Fashion Week and the luxury e-commerce boom. Get your BoF Professional Cheat Sheet.
US Retailers Tiptoe Into the Holiday Season Blind and Weary
The season represents about 20 percent of annual retail sales each year, and stores need some relief after enduring months of turmoil as the health crisis roiled the world economy.
H&M Suspends Employees Who Named New Product With Racist Slur
The Swedish retailer has launched an investigation into its chain & Other Stories, which came under fire after a report by CNN revealed several managers used racist language internally to refer to a hat.
Adidas Expects Rebound in Third Quarter
Second-quarter sales of €3.58 billion ($4.25 billion) were above analysts’ estimate of €3.24 billion.
Matchesfashion Doubles Down on Emerging Labels
The retailer, facing growing pains of its own, is launching a new 'Innovators Programme' to bolster the fledgling labels that help set it apart from competitors in a crowded luxury e-commerce market.
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.