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.
Brooks Brothers Enters Purchase Deal With Authentic Brands and Simon Property Group
The move could preserve the apparel brand as a going concern and help its operations in at least 125 stores.
LA’s Fred Segal Bets on Luxury Recovery Abroad With New Shops
The West Hollywood boutique will open a flagship in Seoul as part of a plan to add as many as 15 new locations in the world’s major urban centres.
Ann Taylor Owner Files for Bankruptcy
Ascena Retail Group, which listed about $12.5 billion of debts, has entered into a restructuring support agreement with over 68 percent of its secured term lenders.
Nike Job Cuts Will Cost Up to $250 Million
The layoffs will be part of the retailer's pivot toward e-commerce.
Who’s Next: A Solutions-Driven Trade Show Rooted in Innovation
To equip exhibitors with technologically innovative and sustainable solutions, the French tradeshow is aligning its B2B offering to reflect the industry’s pivots under lockdown — while planning to safely open its doors to the end consumer.
Ann Taylor Parent Seeks New Loan, Board as It Nears Bankruptcy
Ascena is reportedly preparing to file for bankruptcy and shutter at least 1,200 of its 3,000 stores.
‘Stay Calm’: Walmart Trains Staff How to Deal With the Maskless
Although top health experts recommend wearing masks in public to prevent the spread of the virus, the issue of whether to wear one has swelled into a culture war.
Tapestry CEO Jide Zeitlin Resigns Amid ProPublica Investigation
The executive, who has served on the company's board for 14 years and was named its chief executive in 2019, is leaving as misconduct allegations surface.
Walmart to Spend Another $428 Million on Employee Bonuses
The retailer said the new spending brings the total expenditure on employee bonuses to $1.1 billion this year.
Ted Baker Reports Better Than Expected Sales Performance
The struggling British retailer saw its shares rise 16 percent and online sales jump 35 percent in the 11 weeks to July 18.
Can Diesel Be Cool Again?
With a new CEO and strategic plan, the original ‘designer denim’ label is serious about making a comeback. But can it modernise its approach while staying true to its history?
Manhattan’s Retail Pain Worsens With Fifth Avenue Rent Slide
Lower Fifth Avenue reported a 30 percent drop in retail asking rents from a year earlier.
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.