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.
Sycamore Partners in Talks to Buy J.C.Penney, Sources Say
J.C.Penney is also reportedly in touch with some of its landlords, including Brookfield Asset Management Inc and Simon Property Group, about possible transactions.
UK Retail Sales Drop 18% in May
As lockdown hits, retail suffers the second-worst result on record after April’s 29.6 percent decline.
How to Work With Buyers Right Now
Brands and buyers are turning to digital platforms to sell upcoming collections. But success will require a blend of new and old-fashioned strategies.
Gap's Quarterly Sales Down 43% on Coronavirus Hit
Net loss came in at $932 million, or $2.51 per share, for the three months ending May 2.
Adidas Sees Rebound in China Quicker Than Expected
The German sportswear brand now expects second-quarter sales for the Greater China region to be around the same level as last year.
Canada Goose Expects Little Revenue in Current Quarter
Sales fell nearly 10 percent to C$140.9 million in the fourth quarter ended March 29.
Big Retailers Say They Don't Mind the Looting. It's Different for Small Businesses.
Small business owners who support #BlackLivesMatter have mixed feelings about the damage the riots may have to their livelihoods.
How Could Radical Transparency Impact Retail?
The human and environmental impact of retail is under greater scrutiny than ever before. In partnership with Affirm, BoF investigates how businesses should approach consumers' demands for more transparent and responsible retailers.
How to Prepare Your Business for a Post-Pandemic World
BoF outlines the steps that retailers and labels need to take as they survive the first shockwave of the pandemic and now must grapple with prolonged economic downturn.
Designer Aurora James Calls on Retailers to Commit to Black-Owned Businesses
As the US sinks into further turmoil over the death of another black man by the hands of the police, the Brother Vellies owner is asking the fashion industry to do more to combat systemic racism.
Violence, Looting Spreads as Protests in US Continue
Another night of outrage left stores smashed and looted in many American cities, as curfews failed to quell violence that replaced peaceful daytime demonstrations over the death of a black man seen on video gasping for breath as a white Minneapolis police officer knelt on his neck.
When Will Fashion Recover?
For the moment nobody knows when or how the Covid-19 crisis will end, but five key variables will drive the contours of the fashion industry’s recovery.
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.