Asos Customers Receive ‘Hack’ Notification Threatening Leak
The retailer is investigating after users of its mobile app received a notification claiming hackers had ‘fully compromised’ company data.
Retail
Analysis and advice from the front lines of the retail transformation.
American Apparel's Owner May Pivot Permanently to Masks and Gowns
T-shirt maker Gildan sees significant opportunities supplying North American customers that have long relied on Asian imports.
Why Fashion 'Seasons' Are Obsolete
This week, Saint Laurent said it would skip Paris Fashion Week and set its own schedule for showing collections for the rest of the year, raising deeper questions about following universal fashion seasons in a global market.
J. Crew Mulls Bankruptcy Under Pressure From Debt and Pandemic
A Chapter 11 bankruptcy would allow J. Crew to stay in business, cut its borrowings and close weak stores to minimize costs.
Macy's to Reopen Stores Across 68 Locations
The department store chain said it will resume operations in states with relaxed lockdown measures and has set out a preliminary timeline for opening up the rest of its retail locations.
Tapestry Reports Near 20% Drop in Quarterly Sales
The Coach owner announced that it will open 40 of its stores in North America on May 1 to help reduce the financial setback caused by the coronavirus pandemic.
What’s Next for Resale?
Secondhand fashion platforms like Poshmark, Depop and Thredup are seeing high demand during the pandemic. But will it last?
Report: JD.com to File for $2 Billion Hong Kong Second Listing
The e-commerce platform's potential listing could come as early as the second half of the year.
End of Lockdown to Hasten UK Retail Shift From City Centres
Larger outlets, mostly outside urban centres, can be reopened more easily as they have more space for social distancing
H&M Set to Permanently Close Eight Shops in Italy
The decision is in part due to the ‘economic sustainability’ of the retail locations, according to a company spokesperson.
Amazon Calls Workers Back to Warehouses
The retail giant is ending a policy that allowed workers to take unpaid time off. Many worry what awaits them when they return.
Marks & Spencer Cancels Dividend for Fiscal 2021
The move is set to save the British retailer £210 million.
Amazon’s Pandemic Labour Prompts Investigation in New York
The move comes after the e-commerce giant fired the leader of a Staten Island warehouse walkout.
THE NEWS IN BRIEF
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.
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.