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.
BoF LIVE: The Future of the Independent Fashion Store
Local luxury retailers are poised to succeed post-pandemic. Two industry veterans share their strategies.
Next Second Quarter Sales Dropped 28%
The British retailer said the decline was better than expected and has forecast full-year profit of around $252 million.
Puma Uncertain About the Second Half of 2020 After Quarterly Sales Slump
The German sportswear brand saw its sales drop 30.7 percent to $975.34 million in the second quarter.
Where People Are Actually Shopping
Retail sales recovered in June but analysts say the uptick will be short-lived. How can stores woo customers back?
Nike to Wind Down Operations at Arizona Factory
Citing the impact from coronavirus, the move marks an abrupt turnabout for a project meant to become a state-of-the-art plant for its Nike Air shoe line.
Men's Wearhouse Owner Likely to File for Bankruptcy in Third Quarter
Tailored Brands Inc. also announced plans earlier this month to close up to 500 stores and cut 20 percent of its corporate workforce.
How to Survive the Future of Retail
Covid-19 is a once-in-a-century event that will eradicate many retail species and accelerate the growth and evolution of 'apex predators' like Amazon, Alibaba, Walmart and JD.com. Only the fittest will survive.
Under Armour Faces Potential Investigation by the US Securities Exchange Commission
The sportswear brand said the notice is in connection to a federal probe about whether it shifted sales from quarter to quarter to meet objectives.
Europe’s Retail Sector Struggles as Shoppers Stay Close to Home
Consumers are heading out to shops in residential areas, with 46 percent aiming to shop more locally in the long term than they did before the pandemic.
Neiman Marcus to Close Its Store at Manhattan’s Hudson Yards
Its planned exit comes just over a year after the mall at the mega-project opened to much fanfare in March 2019.
Report: Authentic Brands and Sycamore Partners Weigh Bids for Ann Taylor Owner
Ascena Retail Group had been struggling to contend with dated brands and merchandise and a shift to online shopping despite a string of acquisitions over the years.
UK Retail Spending Rebounds to Near Pre-Lockdown Levels
A 70 percent surge in clothing and footwear sales reversed much of their slump in recent months, though the sector remains one of the worst hit.
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.