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.
H&M to Provide Protective Gear to Hospitals
The fashion retailer has offered to source masks, gowns and gloves for hospitals in the European Union amid shortages.
Global Stories From a Month That Changed Fashion Forever
Over the last four weeks, the Covid-19 pandemic has shut down fashion’s capitals and triggered a global economic meltdown. BoF documents the early days of the crisis.
US Apparel Makers to Churn Out Masks for Healthcare Workers
The US healthcare system is in urgent need of personal protective equipment, and the fashion industry is responding.
M&S Warns of 'Severe Impact' From Coronavirus
The British retailer, already seeing a substantial decline clothing and homeware sales, will not pay a final dividend for its 2019-20 year and said it was unable to provide meaningful guidance on 2020-2021 earnings.
A Guide to Protecting Your Business During Coronavirus
What can business owners do to prepare for the impact? Communicate early and often internally and externally, cut costs, talk to your partners and more best practices to consider.
German Retailers Plead for State Aid as Stores Close
Germany’s HDE retail association said store closures would lead to sales losses of around €1.15 billion per day.
Amazon Shuts New York Delivery Station After Worker Gets Coronavirus
The move highlights the operational risk the e-commerce giant faces as the outbreak spreads.
Fashion and Beauty Factories Are Shifting to Make Masks, Sanitiser and Other Pandemic Essentials
Manufacturers in Italy, France and beyond — including LVMH and Coty — are pivoting their production lines to create in-demand hydroalcoholic gel and masks. But what are the implications for the workers?
Inditex Writes Down Inventory, Signals Sales Drop as Coronavirus Hits
The Zara owner took a nearly €300 million impairment on its inventory and said sales fell 24 percent this month.
Retailers, Pressured to Shutter Stores, Face a Moral Dilemma
Consumer backlash against big brands that continue to operate their stores is mounting as efforts to contain the coronavirus pandemic increase. But some critics are asking them to go one step further and halt e-commerce as well.
Amazon to Receive Only Vital Supplies at US, UK Warehouses
The e-commerce giant is freeing up inventory space for goods in high demand as a result of the coronavirus outbreak.
Amazon to Hire 100,000 Workers Amid Surging Demand Due to Coronavirus
Like a number of US supermarket chains, the e-commerce giant is turning to people in the restaurant, travel and entertainment businesses who are suddenly looking for work due to business closures.
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.