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.
To Launch Or Not to Launch? For New Direct-to-Consumer Brands, That Is the Big Question.
As the coronavirus pandemic cripples businesses big and small, start-ups are faced with a dilemma. Does it make sense to launch a new product in a tough environment or wait — and rack up expenses?
Discount Retailer Ross Stores Cancels Orders Through June
After closing stores to curb the spread of the coronavirus, many retailers are telling vendors to immediately cancel orders.
UK Retail Results Show Stagnant Sales for February
Even before coronavirus hit, UK retail saw its weakest performance in nearly seven years.
#BoFLIVE Wrap-Up: Protecting Your Business During Coronavirus
BoF Executive Editor Lauren Sherman speaks with correspondents Chantal Fernandez and Cathaleen Chen about how to plan for the future in such an uncertain time.
Nike's Sales Beat Estimates Despite Coronavirus Disruption
The sportswear company saw digital sales increase by 36 percent in the third quarter, following the outbreak.
SMCP Warns of 20% Sales Drop Due to Coronavirus
The Sandro and Maje owner cited store closures and fewer shoppers due to the outbreak as the reason for the decline.
Puma Sets Short-Time Work for 1,400 Employees
The sportswear company said staff will work half of their usual hours but will still be paid their full salary.
Unilever to Protect Workers’ Pay for up to 3 Months
The consumer goods giant will also help its 'most vulnerable' suppliers with cash as part of a $543 million relief programme.
Report: Neiman Marcus in Bankruptcy Talks With Lenders
The luxury retailer is struggling to ease its $4.3 billion debt load, according to a report by Bloomberg.
Rental and Resale Were Supposed to Be the Future. Could Coronavirus Change That?
While the whole apparel sector is challenged by the ongoing crisis, fast-growing of rental and resale platforms may be uniquely and disproportionately impacted.
Laura Ashley to Shut Stores and Cut Jobs
The British retailer announced it will be permanently closing 70 stores after filing for administration amid the coronavirus outbreak.
Report: UK in Talks With Amazon Over Delivering Coronavirus Tests
The Financial Times said businesses with established delivery networks could be used to deliver tests to medical workers.
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.’