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.
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.
Inside the Closet of the Future
With the rise of rental and resale, wardrobes of the future are primed to be smaller, more temporary and filled with pieces designed to last longer.
Why Floral Dresses Are the Trend That Just Won’t End
Printed dresses may not be groundbreaking, but they are a moneymaker. Here's how labels have really capitalised on the category.
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
How Amazon Could Upend the Luxury Fashion Sector
The e-commerce giant enters a crowded field of digital luxury players. But to brands, it offers two invaluable assets: an unparalleled logistics capability and 100 million Prime members.
Gap Won't Spin Off Old Navy
The clothing company had announced the potential separation last February.
Pitti Immagine CEO on the Future of Trade Shows
The luxury veteran behind Pitti Immagine explains how the Italian trade show group will evolve in the face of threats to the B2B system and double down on the visitor experience with an ‘obsessive’ attention to detail.
Opening Ceremony Stores to Close
Following an acquisition by New Guards Group, the retailer's four locations will close in 2020.
Boohoo Thrives After Strong Holiday Sales
The online fast-fashion retailer is successfully tapping into a generation of younger consumers, upgrading its forecasts after a strong end to 2019.
Opening Ceremony Acquired by Off-White Backer New Guards Group
Founders Humberto Leon and Carol Lim will remain co-creative directors of the brand and the stores will close in 2020.
Amazon Ramps Up Counterfeit Reporting
The retail giant is planning to give more data on counterfeit goods to law enforcement, said a person familiar with the programme.
Nordstrom CEO on the Store of the Future
A fourth-generation member of the Nordstrom family, Pete Nordstrom is rolling out more of the American department store’s smaller formats in a bid to optimise the omnichannel experience by reducing friction and harnessing the power of the local neighbourhood.
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.