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.
Target's Online Sales Jump as Shoppers Stock Up From Home
The big box retailer expects to gain market share in apparel as competitors struggle.
What the Potential End of the Victoria’s Secret Deal Means for Retail M&A
The pandemic is a goldmine for opportunistic acquisitions, but not all challenged mall brands are created equal.
American Eagle Pulls Its Annual Forecast
Shares of the retail dropped 14 % after the announcement, with the retailer adding that current-quarter results would be significantly hit by coronavirus-related store closures.
Sycamore Partners Seeks to End Victoria's Secret Acquisition Deal
The firm argued in a filing that parents L Brands has eroded the value of the lingerie seller by furloughing staff and missing rent payments.
Boohoo Sales Growth Declines Amid the Coronavirus Outbreak
The online clothing retailer said its performance has recovered in recent weeks with improved year-on-year growth in group sales during April.
How Are Sports Brands Marketing Without Sports?
Nike, Adidas and Under Armour sponsor professional sports and athletes to stand out globally. Online, they have more competition, but their connection to champions still means something to quarantined consumers.
Lord & Taylor Explores Bankruptcy
It is one of several options that the retailer and its advisers are exploring, which also include trying to negotiate relief from creditors and finding additional financing, sources said.
John Lewis Full-Year Sales Could Fall 35%
Sales at the department stores were down 17 percent year-on-year since the middle of March.
Primark Owner AB Foods Omits Dividend to Save Cash in Coronavirus Crisis
Primark's 376 stores remain closed since March, representing a loss of $806 million of net sales per month.
Fast Retailing to Reopen Two Uniqlo Stores in Berlin
The clothing retailer will be the first in Europe to resume business after all but one of its stores in the region shut due to the coronavirus.
On the Frontlines of Retail There Are No Heroes, Only Victims
Most retail workers are woefully underpaid, stripped of rights and treated as interchangeable parts in a global retail machine, writes Doug Stephens of Retail Prophet.
What Vestiaire Collective’s €59 Million Fundraise Says About the Future of Luxury Resale
The company has closed its latest funding round in the throes of the coronavirus pandemic, suggesting resale is one area of luxury investors are optimistic about.
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.