Levi’s Growth Slows After Marketing Misstep
The company lost out in its third quarter because of a decision to market baggy jeans over low rise, but still raised its sales outlook for the year.
Retail
Analysis and advice from the front lines of the retail transformation.
Who Is Still Shopping?
Despite an overall drop in apparel sales, young consumers stuck on social media — and fortunate enough to have a steady income — are buying clothes as the Covid-19 crisis continues to unfold.
H&M to Cut Working Hours Amid the Covid-19 Outbreak
As the global pandemic mounts, the retailer announced it is in talks with thousands of its employees about reducing hours to curb the spread of the virus.
UK Businesses to Lean Heavily on Government Support
Almost half of British companies expect to furlough 50 percent or more of their workforce, according to a survey, meaning reliance on a government scheme that will pay up to 80 percent of employee wages.
What To Do About Rent
As the coronavirus pandemic continues, tenants and landlords are on a collision course over rent. But retailers may have the market advantage, real estate experts say.
German Department Store Galeria Files for Creditor Protection
With all of its outlets closed, the department store chain is losing roughly €80 million in weekly revenue.
Adidas Will Pay April Rent After Apologising
The German sports brand was blasted on social media last week for its decision to defer rental payments.
Fashion Executives Braced for Pain, But Optimistic Long-Term, Says BoF Survey
Senior industry managers have a nearly unanimously bleak outlook on how the Covid-19 pandemic will affect business performance, but long-term most are optimistic their companies will rebound, according to a survey conducted by The Business of Fashion.
Keeping Track of Fashion's Layoffs
From Macy’s to Everlane, the retail industry is bracing for more layoffs as store closures and economic turmoil hurt sales.
Zalando Cuts Spending and Investment as Coronavirus Continues
The fashion retailer is also planning to waive its commission fee for all new and existing physical stores that sell their goods on its platform.
Macy's to Furlough Nearly 130,000 Employees
The department store said it planned to keep its stores shut and bring back employees on a staggered basis only once business resumes.
Want to Make Masks for Healthcare Workers? Here’s What You Need to Know
A growing number of apparel makers are attempting to manufacture protective gear in the fight against coronavirus. While the items are easy to sew, the process isn't simple.
Next Shutters E-Commerce Indefinitely Due to Coronavirus
The British retailer previously said it could feasibly sustain a hit of more than £1 billion ($1.2 billion), or 25 percent of annual sales.
THE NEWS IN BRIEF
Fast Retailing Annual Profit Jumps 32%, Beats Expectations
The Uniqlo owner hit a new record annual profit for the fifth year in a row, boosted by strong results in all regions.
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.
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.’