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.
Gap Says It Will Pay Telfar for Cancelled Collaboration
The New York designer partnered with the mall retailer before Covid-19 thwarted the plans. But Gap's announcement of a new co-branded Yeezy label last week raised questions about its prior collaboration commitments.
H&M Prepares Debut Bond Issue as Pandemic Hammers Retailers
The move comes after the retailer declared its first loss in at least a decade.
Nike Plans to Cut Jobs in Digital Push
The planned layoffs come after the company reported a $790 million quarterly net loss, its first in more the two years.
Can Kanye West Save Gap?
The controversial and influential entertainer and designer will bring his Yeezy collection to Gap in a co-branded line of apparel in 2021.
Why Fashion Brands and Their Retail Landlords Are Suing Each Other
After months of pandemic-inflicted shutdown, a legal battle over who’s responsible for rent was inevitable. The outcome for any of these cases will set a precedence for the whole industry.
Nike Reports Losses After Pandemic Hits Sales Harder Than Expected
A sign of Covid-19's effects on retail, the sportswear giant reported its lowest level of revenue since 2013.
Macy's to Cut 3,900 Jobs to Help Counter Covid-19 Losses
The department store chain said it expects to save about $365 million in fiscal 2020 as a result of the layoffs.
Etsy Stock Continues to Rise
Shares of the company have soared this year as analysts grow more optimistic about its long term prospects.
UK Mall Landlords Worry About Rent Collection
Landlords face an existential threat as retailers collapse into bankruptcy with little sign of new operators looking to take their place.
Kohl's CEO Says the Pandemic Is Transforming Its Stores
The department store chain is making greater use of protective gear and curbside pickups as it prepares for a business cycle that’s significantly different from previous years.
Can the Subscription Box Model Be Saved?
Beauty and clothing subscription boxes saw a surge in new customers during Covid-19. Can they navigate the business model's high costs and low retention levels?
How the Fashion Industry Is Redesigning Itself in Lockdown
The industry has faced some of the worst upheaval as a result of the pandemic. Here’s how four corners of the stricken industry are making it work.
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.