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.
The Great Retail Reopening Has Begun. Will Shoppers Return?
This week, everyone will be talking about the future of Victoria's Secret, the reopening of American stores and China's 520 Day. Get your BoF Professional Cheat Sheet.
The BoF Podcast: Millard Drexler on Why ‘Growth Is the Enemy’
The retail guru on the state of American department stores, venture capital funding and the importance of staying small.
Nike Warns of Fourth-Quarter Hit From Store Closures
The sportswear giant is boosting e-commerce capabilities to address increased online orders.
Boohoo Builds War Chest For Post-Pandemic Deals
The Manchester-based group has raised £198 million for new M&A opportunities, in a private placing that’s left the company with around £500 million in cash.
Designers Lobby to ‘Fix’ the Fashion System. Will It Work?
In recent weeks, three different groups of designers and retailers have proposed shifts to the industry’s product delivery and discounting calendars in a bid to create healthier, more profitable businesses. Can they pull it off?
Op-Ed | Dear Fashion, Amazon Isn't Going to Save You
Neither the e-commerce giant nor government is going to save fashion. The industry needs to save itself by embracing substantive, systemic change, argues Lawrence Lenihan.
The Problem With the Online Luxury Model
It's not just department stores breaking down during the pandemic. Luxury e-commerce, which has a more captive audience than ever, is facing similar challenges.
Under Armour’s Quarterly Revenue Drops 23%
The sportswear brand reported a net loss of $589.7 million the first quarter ended March 31, compared with a profit of $22.5 million a year earlier.
Fashion, E-Commerce and the Coronavirus
This week, everyone will be talking about online retail's struggles during the pandemic, France lifting its lockdown and fashion media's response to the crisis. Get your BoF Professional Cheat Sheet.
Footwear Retailer Aldo Explores Bankruptcy Protection
It is the latest retailer to file for bankruptcy protection since measures to fight the pandemic put much of the world into lockdown.
The Uncertain Future of the American Mall
This week, Neiman Marcus filed for bankruptcy, Nordstrom announced the permanent shuttering of 16 stores and Lord & Taylor said it would liquidate merchandise in all of its locations, raising questions about the future of the shopping malls they anchor.
Gap Sued Over Unpaid Rent at Midtown Manhattan Store
The San Francisco-based company said last month that it had suspended about $115 million worth of rent payments for its stores in North America.
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.