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.
Could the Pandemic Make Retail Better?
The Covid-19 crisis has crushed fashion retailers, but the pressure could prove a catalyst for change that ultimately makes the sector stronger.
UK Retail Sales Up While Public Borrowing Hits Record High
Public sector net borrowing hit $68.7 billion in May, with experts warning of rising unemployment and no guarantee of a strong rebound.
Brookfield Sues Gap Over $2 Million in Missed Rent Payments
The shopping mall landlord is the second major group to sue the apparel retailer on overdue payments.
Online Fashion Stocks in Vogue as Coronavirus Speeds E-Commerce
Shares in online fashion retailers Zalando and ASOS jumped as coronavirus lockdowns accelerate a shift to e-commerce.
UK High Streets Half Empty Despite Shops Reopening
Footfall in English high streets remained down over 50 percent compared to the same days last year.
Ted Baker Raises £105 Million To Ride Out Pandemic
The funding comes amid plans to reduce costs and shift toward online sales.
Where Does the Suit Fit into the Modern Wardrobe?
The fate of the traditional suit was already in question long before the pandemic. Where does the market go from here?
Target Increases Hourly Wage to $15
The big box retailer said the new hourly rates, effective July 5, will be accompanied with bonuses, paid leave and other benefits.
BoF LIVE: The Future of Wholesale
Watch Nicolas Santi-Weil, CEO of Ami Paris, and Shira Sue Carmi, CEO of Altuzarra, discuss the challenges and value of the wholesale model with BoF's Lauren Sherman and Chantal Fernandez.
Boohoo Acquires Warehouse and Oasis Brands
The Manchester Based Group, which also owns Nasty Gal and prettylittlething, paid £5 million for the struggling British apparel companies.
Walmart Partners With Shopify to Expand Online Marketplace Business
The American retailer aims to add 1,200 sellers this year to double down on the coronavirus-fuelled surge in e-commerce sales.
H&M Sales Decline in Second Quarter
The fast fashion retailer saw net sales fall by 50 percent in the three months to May 31, despite an uptick in online sales.
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.