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.
Why Fashion’s Payment Strategies Should Become More Consumer-Centric
The co-founder of Afterpay, which has 48,000+ retail partners including Revolve, Fenty Beauty and Asos, shares how younger consumers’ purchasing behaviour is evolving and the growth levers rethinking payment strategies could represent for retailers.
Nordstrom Sales Plunge Nearly 40% in Quarterly Sales
Digital sales rose only 5 percent in the same period.
Abercrombie & Fitch Posts Steep Quarterly Losses
Net sales fell 34 percent to $485.4 million in the first quarter as stores remained shut.
How Harrods Is Solving Its Excess Inventory Problem
Facing an unprecedented volume of unsold goods after weeks of Covid-19 lockdowns, the British department store is launching an outlet at London’s Westfield White City shopping mall.
Boohoo Buys Out PrettyLittleThing Shareholders for $331 Million
After the purchase Boohoo will retain over £350 million, leaving it in a strong position for future acquisitions.
Forty Five Ten's Future Is In Limbo After Cutting Staff and Closing Stores
The multi-brand retailer hasn't announced plans to reopen and is operating with a skeleton crew, weeks after the lockdown was lifted in its home state of Texas.
Is This the End of the American Mall as We Know It?
Too many stores are chasing a customer who no longer exists. As the pandemic wipes out these retailers, the malls they occupy will also become obsolete.
Hugo Boss Sees Recovery in Third Quarter at Earliest
The German suit maker warned it expects second-quarter sales to fall by at least 50 percent.
H&M's Furloughed Headquarter Staff to Return to Work
Despite many of its stores remaining closed, the fast fashion retailer announced 2,500 employees are set to return to its Stockholm headquarters in July.
US Consumer Confidence Stabilises Amid Reopening Optimism
Analysts forecast a significant pick-up in activity in the third quarter but warn a return to pre-crisis levels remains nowhere in sight.
#BoFLIVE: The New Rules of Going DTC
Gone are the days of aggressive customer acquisition, returns on paid marketing investment and single hero products as surefire ways to capture the imagination of the coveted Millennial and Gen-Z consumer.
UK to Reopen Thousands of Shops in Easing of Coronavirus Lockdown
Prime Minister Boris Johnson is eager to restart the British economy.
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.