Shein Outsells British Rival Asos as UK Revenue Hits $3.41 Billion
The ultra-fast fashion company said sales had been bolstered by marketing partnerships with music festivals, a pop-up shop on London’s Oxford Street and local Christmas gift events.
Retail
Analysis and advice from the front lines of the retail transformation.
The Victoria’s Secret Opportunity
Under new ownership and management, the lingerie giant will have a chance to truly transform itself and reclaim the market share it lost to body positive competitors.
Report: L Brands CEO in Talks to Step Aside and Sell Victoria's Secret
The move comes as the nearly $6-billion company faced slumping sales at the lingerie giant for at least four quarters.
French Consumer Confidence Up Despite Strikes
Strikes against pension reform shut down much of the French public transport for weeks in December and January.
Nordstrom Launches Secondhand Clothing Sales
The Seattle-based department store becomes the latest retailer to dabble in the burgeoning resale market.
Canadian Brands Hope to Cash In on the 'Meghan Effect'
Experts speculate that the Sussexes’ move to North America could bolster the country’s fashion industry by spotlighting homegrown labels.
Kobe Bryant's Unexpected Death Poses Dilemma for Sneaker Resale Sites
The tragedy has left millions of fans in mourning — and some in search of his signature sneakers. As prices for rare pairs climb into the thousands of dollars, resale sites are weighing what separates homage from profiteering.
The BoF Podcast: Mickey Drexler on How to Make Things People Will Buy
The New York-based ‘merchant prince’ speaks with BoF’s Lauren Sherman about discount culture and how tapping into the zeitgeist helped turn around brands like Gap and J.Crew.
US to Crack Down on Counterfeit E-Commerce Goods
Companies are also urged to increase self-policing methods under new Trump administration proposals.
Three Strategies for Brands Entering the Rental Market
Want to get started with rental, but not sure which avenue to take? BoF breaks down the options and weighs the pros and cons of each.
Asos Beats Sales Forecasts
The online retailer's sales growth indicates that it has addressed operational issues after overhauling its warehouse and technology capabilities.
The End of Opening Ceremony Marks the End of Shopping As We Know It
Multi-brand stores no longer serve the purpose that they once did. Why do we need them now?
Ted Baker's Balance Sheet Blunder Worsens
An investigation by Deloitte found the British retailer's stock was overstated by £58 million, more than double its preliminary estimate.
THE NEWS IN BRIEF
Gap to Use Athleta Leader’s Exit to Rebuild Slumping Brand
The departure of Athleta’s CEO for Lululemon is a chance to ‘reimagine the brand’s path forward,’ Gap Inc. CEO Richard Dickson wrote in an internal memo viewed by Bloomberg.
Harvey Nichols’ Birmingham Store Will Close in January
The department store’s Leeds and Bristol outlets will be converted to the Flannels brand in a shake-up under Mike Ashley’s Frasers Group, which purchased the chain when it was put into administration in mid-August.
Lululemon Hires Athleta Head in Management Shakeup
Maggie Gauger is joining Lululemon as chief product officer as new CEO Heidi O’Neill looks to revive sales.
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.
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.