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.
UK to Reopen Thousands of Shops in Easing of Coronavirus Lockdown
Prime Minister Boris Johnson is eager to restart the British economy.
Saks’ Owner Denies Claim It Stripped Assets in Reorganisation
The retailer is responding to a lawsuit from its lenders that called its reorganisation a “corporate shell game.”
Alibaba's Fourth-Quarter Results Beat Market Expectations
The e-commerce platform experienced an uptick in online sales by nearly 19 percent and expects to generate over $91.1 billion in revenue in fiscal 2021.
UK Retail Sales See Record Declines
Sales volumes fell 18.1 percent from March, the most since records began in 1988.
Lululemon Capitalises on Activewear Boost as Shares Jump
Analysts predict the activewear company will dominate the market, with shares climbing 92 percent, as consumers working from home prioritise comfort.
TJ Maxx Says Sales Recovering After Coronavirus Slump
The off-price chain is better positioned than some of its department store competitors.
#BoFLIVE: What Will Reopened Stores Look Like?
BoF's Lauren Sherman and Brian Baskin spoke with Saks Fifth Avenue President Marc Metrick and Jessica Richards, founder of Shen Beauty, about what to expect from the future of retail.
Canada Goose Lays Off 125 Workers
The outerwear brand has cut 2.5 percent of it global workforce in a bid to mitigate the financial losses caused by the pandemic, just months after suspending the long-term outlook for the year.
#BoFLIVE: Is This the End of the American Mall?
Watch retail consultant Robert Burke discuss the future of the shopping mall and the role it will play in a troubled retail landscape, with BoF’s Lauren Sherman and Cathaleen Chen.
Macy's Warns of up to $1 Billion Quarterly Loss
The department store operator forecast first-quarter sales between $3 billion to $3.03 billion, down from $5.50 billion a year earlier.
Clarks to Cut 900 Office Jobs as Covid-19 Strains Cash Flow
The high-street shoe retailer had been struggling in an increasingly competitive market even before the coronavirus hit, reporting a loss of almost £83 million ($101 million) in the year ended February 2, 2019
Report: Rent the Runway Nears Funding Below Last $1 Billion Value
The fashion rental company is said to be seeking at least $25 million in a funding round, which would value the startup at about $750 million.
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.