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.
Growth in UK Shopper Numbers Stalls After Post-Lockdown Rush
Shopper numbers across all retail destinations increased by 4.5 percent in the week to July 18, down from 10.6 percent in the week to July 11.
Op-Ed | The DTC Reckoning Is Real. What Next?
For founders of undercapitalised, unprofitable DTC brands, partnering with a strategic player earlier than anticipated is a success, not a failing, argues Matt Kaden.
Report: Ted Baker to Cut a Quarter of UK Staff
The retailer plans to axe at least 500 jobs, including 200 from its London head office, according to the Sunday Times.
Coronavirus Lockdowns Return in the US
This week, everyone will be talking about Valentino's couture show and the worsening coronavirus pandemic in the US. Get your BoF Professional Cheat Sheet.
Boohoo Tells UK Home Secretary It's Probing Charges of Malpractice
The fast fashion retailer said it supports proposals for a licensing scheme that would ensure all garment factories are meeting legal obligations.
Shoppers Used to Have Nearly Endless Options, Then Came Covid-19
Retailers are ordering less merchandise and cutting slower selling products from their stores to avoid a build-up of inventory.
Leveraging Holistic E-Commerce Marketing Strategies at SkyDiamond Elite
Managing an accumulative $1.5 billion in digital marketing revenue, founder and CEO Habib Bakshi shares how the e-commerce marketing firm creates data-driven strategies for the fast-evolving retail landscape.
The BoF Podcast: Neiman Marcus Chief Executive Sees Stores As Vital for Digital Growth
In an exclusive conversation with BoF’s Imran Amed, Geoffroy van Raemdonck expresses optimism for the retailer’s bankruptcy process and explains why brick-and-mortar remains integral to its core business.
Zalando Gets Chance to Prove Itself Against Amazon
Europe’s largest e-tailer estimates earnings could reach a record €300 million this year due to a lockdown-induced surge in online shopping.
BoF LIVE: The State of Retail from China to the US
BoF unpacks what the store of the future will look like in a post-pandemic climate and whether retailers can bounce back from the tremendous financial losses caused by the virus outbreak.
J.C. Penney to Cut 1,000 Jobs and Close 152 Stores
The layoffs will also impact corporate-level employees as the company looks to emerge from Chapter 11 protection.
Retailers Struggle Despite a Surge in Online Sales
From Macy's to Target, many businesses in the US are grappling with higher expenses related to e-commerce.
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.