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 Art of the Crisis Pivot — and the Brands Getting it Right
Fashion brands that find their businesses upended by the pandemic are finding creative new ways to operate. Here's how they did it.
Brands See an Uptick in Online Sales During the Covid-19 Crisis
As lockdown measures across the globe remain in place key fashion players, including H&M, Zalando, Hugo Boss, Puma and Inditex have benefitted from an increase in consumers pivoting their spending online.
Can Neiman Marcus Survive Bankruptcy?
Beyond restructuring its $5 billion of debt, the Dallas-based luxury department store chain still needs to reinvent itself to survive in the long run, experts say.
Next to Expand Beauty Business Using Shuttered Debenhams Stores
The British clothing retailer announced its plans to open standalone beauty shops in five of the closed department stores to bolster its existing online beauty business.
Report: Inditex to Reopen Stores in Spain Following Coronavirus Shutdown
The Zara owner will open several of its smaller stores as the Spanish government eases some lockdown restrictions, according to a source close to the company.
Puma Bets on Wellness Uptick for Recovery
The sports retailer expects all markets to recover by the end of the year and for growth to return in 2021.
Op-Ed | In a Crisis, Looking Good Really Can Help Us Feel Good
Fashion doesn’t just reflect our inner selves; it can also have psychological effects that actually change how we think, feel and act, argues Carolyn Mair.
Debenhams to Cut Jobs as Stores Shut Down
The British department store group said it will shut down five of its stores in Hammerson leading to potentially 1,400 job losses.
Alibaba Launches 'Outlet' Platform to Shift Luxury Overstock
China's biggest e-commerce company said it was piloting the new Luxury Soho platform to run alongside its Tmall Luxury Pavilion flagship site.
Hugo Boss Expects 50% Sales Drop Next Quarter as Crisis Impact Worsens
The German suit maker's first-quarter sales fell by 17 percent as a result of shuttered stores.
Amazon Wins Business From Reluctant Brands After Coronavirus Closes Stores
The e-commerce giant has long enjoyed outsize power over small businesses. Now, that leverage includes bigger brands that relied on physical retail for the bulk of their sales.
Op-Ed | Could a Marketplace Solve Fashion’s Supply Chain Challenges?
Covid-19 has put a spotlight on the costly inefficiencies and inflexibilities of the apparel supply chain. A global sourcing platform could help to address these issues, argue Maxine Lim and Becca O'Leary.
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.