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.
How an Exodus from Cities Will Reshape Retail
The work-from-anywhere revolution will accelerate the coming of a post-digital age for shopping, argues Doug Stephens of Retail Prophet.
Victoria’s Secret Sues New York Landlord
The lingerie brand is suing the landlord of its flagship store in Herald Square, arguing that the pandemic has made it impossible to pay almost $1 million a month in rent.
Macy’s First-Quarter Sales Plunge
The department store chain reported preliminary adjusted net loss of $630 million compared to a profit of $137 million a year earlier.
Zara Owner Built a Post-Covid Retailer Before Coronavirus
Inditex managed to rely on its online business to keep operations running, limiting the damage from shuttered stores.
Macy's Raises $4.5 Billion to Shore Up Funds as Stores Reopen
Shares of the company, which also owns Bloomingdale's, surged about 11 percent after the bell.
Men’s Wearhouse Owner Weighs Bankruptcy Filing
Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, was struggling even before the coronavirus outbreak.
New York’s Shops Cautiously Reopen After Months of Lockdown
But major retail chains with stores across the US and robust e-commerce operations aren't rushing to restart.
Galeries Lafayette Group Faces $1 Billion Hit
Since the reopening of its stores on May 11, traffic is down by about 20 percent compared to normal times.
Mulberry to Slash 25% of Workforce
The British leather goods brand, whose shares have fallen 30 percent this year, said it expected a gradual recovery sales in the medium-term.
#BoFLIVE: The Future of the Off-Price Market
As lockdown measures ease, Value Retail Founder and Chairman Scott Malkin sheds light on the future of luxury outlet shopping destinations and the lessons learned from China.
How Shifting Consumer Values Are Changing Online Payments
Discover how unprecedented times have altered consumer mindsets in online payment — substantiated by insights drawn from Affirm’s network of more than 5.3m customers and 4,000+ retailers.
UK Mall Landlord Intu Appoints Administrator Amid Debt Crisis
The owner of Manchester’s Trafford Center is focused on reaching an agreement with financiers for a standstill on loan repayments.
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.