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.
What Will Stores Look Like When They Reopen?
From luxury drive-throughs to sanitised garments, retail is going to be drastically different from now on.
Adidas Misses Forecasts With 93% Profit Plunge
First-quarter operating profit fell to €65 million, well short of the €263 million expected by analysts.
The State of the Direct-to-Consumer Market
Online brands were facing profitability challenges before the crisis struck. Now, they must confront dramatically lower valuations and the possibility of being sold in distress — or worse.
Italy Prepares to Ease Lockdown and Reopen Businesses
The prime minister gave the most detailed outline yet of plans to reopen the economy, in a newspaper interview ahead of the government's roadmap out of lockdown.
UK Retail Readies for Coronavirus Lockdown Easing With New Guidance
New guidance includes providing hand sanitiser for customers, limiting numbers in shops at any one time, installing protective screens at tills and encouraging cashless payments.
The American Department Store's Real-Time Reckoning
This week, everyone will be talking about the impending bankruptcies of several American department store chains, financial results from Tapestry and the success of "essential" retailers. Get your BoF Professional Cheat Sheet.
Department Stores Offer Curbside Service as Stores Reopen
Saks Fifth Avenue stylists and personal shoppers are sending messages to clients in Texas, telling them they can schedule appointments to shop online and collect merchandise curbside or make returns.
A Fashion World Without Department Stores
Debt-laden Neiman Marcus seems set to be the first major American department store to succumb to the coronavirus crisis in what could become a wave of insolvencies across the sector. What will the fashion landscape look like as these once-mighty chains falter?
JD Sports Suspends Final Dividend to Save Cash Amid the Covid-19 Crisis
The British sportswear retailer further delayed the publication of its full-year results and announced Chairman Peter Cowgill will forgo 75 percent of his salary.
British Government Suspends Commercial Evictions
The move comes after trade bodies wrote a letter to Chancellor Rishi Sunak seeking rental support.
Adidas to Replace €2.4 Billion Loan From German State Bank With a Multi-Billion Bond
Reports suggest the sports retailer no longer requires the government-backed loan which it agreed to earlier this month to curb the financial impact of the coronavirus pandemic.
Gap Suspends $115 Million Monthly Rent Payments
The retailer said it may not have enough funds to run its operations in the next 12 months.
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.