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.
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.
How to Communicate and Connect with Gen-Z Consumers
From community dialogues to prioritising purpose, Afterpay’s Nick Molnar and Manu Atelier Co-Founder Merve Manastir share their insights into the key metrics and measures to build a relationship with the Gen-Z consumer.
Asos Sees Sales Rise 10% in Lockdown Period
The ultra fast fashion retailer's sales were £1.01 billion, up from £919.8 million in the same period last year.
What Happens When Shoppers Refuse to Wear Masks?
Fashion brands are getting dragged into a war with shoppers over wearing masks and other Covid-19 shopping precautions. Here's how they should respond.
Amazon Tests Primary Healthcare Programme for Employees
Under the programme, 20 medical centres would be built across five cities near the e-commerce giant's fulfillment centres.
Swatch Group Posts Its First Half Year Loss
The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.
Alibaba's Jack Ma Sells Shares Worth $8.2 Billion
Ma has cut his stake in the company over the past year to 4.8 percent from 6.2 percent.
How Big Can the Mask Market Really Get?
With a multi-billion dollar market prediction, the category may not be a fleeting trend for brands.
The Off-Price War Heats Up
From stalwarts like T.J. Maxx and Nordstrom Rack to venture-backed newcomers and online luxury resellers, a multitude of discount retailers are all vying for a piece of the growing off-price market, which will thrive amid the lingering global recession.
Primark Rejects £30 Million Bonus for Bringing Back Staff
The fast fashion retailer said it would not take advantage of a British government scheme despite losing £650 million in net sales a month since stores were forced to shutter.
Ted Baker Faces Investor Revolt Over Executive Pay
An advisory firm said the company’s decision to increase executive salaries and bonuses is not justified.
Brooks Brothers Gets Bankruptcy Loan With Zero Interest Rate
The new $80 million loan will eliminate an early repayment penalty and give the company more time to close any sale arranged as part of the bankruptcy case.
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.