Frasers Group Acquires 8.8% Stake in Under Armour
The move extends British company’s push into sports brands following a recent purchase of Puma stock.
Retail
Analysis and advice from the front lines of the retail transformation.
Debenhams Enters Administration for Second Time
The ailing British department store, which narrowly avoided collapse roughly 12 months ago, has already liquidated its operations in Ireland.
Fast Retailing Predicts 44% Annual Profit Decline Due to Coronavirus
The owner of brands including Uniqlo and Theory also cut its full-year dividend outlook fro ¥480 ($4.41) per share, down from ¥500, as it reels from economic challenges beyond its key China market.
H&M Borrows €980 Million to Boost Liquidity Buffer
The fast fashion retailer warned it would make a loss for the first time in decades in its second quarter.
Levi's Returns to Life in China as Stores Reopen, Online Sales Rise
But the American company is facing a mounting crisis at home, where it will furlough all its retail store staff.
Off-Price Retailer TJX to Furlough Most of About 286,000 Staff
The company said store reopening dates would defer based on the state and locality of the outlet.
Is This the End of Wholesale, or the Beginning of Something Better?
Department stores are cancelling orders and delaying payments, pushing designers to breaking point and calling into question a system that has been challenged for years.
Gap Inc. Cancels Summer and Fall Orders As Covid-19 Bites
The US retailing giant asked suppliers to stop shipping orders and halt production for the fall season, taking drastic measures to mitigate fallout from a widespread retail lockdown.
Debenhams Prepares to Enter Administration for a Second Time in a Year
The British department store said it plans for a ‘light touch’ administration while its 142 stores remain closed under the coronavirus lockdown and 22,000 staff are furloughed.
What Will Stores Look Like Post-Pandemic?
This week everyone will be talking about the future of retail in a post-pandemic world, the state of the "drop" model and the proliferation of spring sales. Get your BoF Professional Cheat Sheet.
Coronavirus Stalls Fashion Giant Inditex
The fast-fashion chain's operations have come to a halt as the coronavirus pandemic continues.
Report: Neiman Marcus Advances Bankruptcy Preparations
The department store began holding confidential discussions this week with bondholders about possible financing that would help the company continue operating while under bankruptcy protection, sources said.
H&M’s March Sales Fall 49% Amid Covid-19 Outbreak
The pandemic has forced H&M to temporarily close most of its stores, flag big layoffs and scrap its annual dividend.
THE NEWS IN BRIEF
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.
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.