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.
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
How to Build the Retail Customer Service Dream Team
Good in-store service is vital to winning back customers and building a lasting brand.
Lessons From the Rise and Fall of Toms Shoes
The once-hot footwear brand's story is a cautionary tale for companies reliant on a hero product and narrow brand messaging.
Next's Strong Christmas Boosts Hopes for UK Retail Sector
The first major stock market-listed retailer to update on Christmas trading also forecast sales and profit growth for its 2020-21 financial year.
Why Highsnobiety Is Breaking Into Physical Retail
The streetwear media authority will link with Colette and Selfridges for its first brick-and-mortar launch.
The Year Ahead: Neighbourhood Stores Return
Consumer demand for convenience and immediacy is prompting retailers to complement existing brick-and-mortar networks with smaller format stores that meet customers where they are and reduce friction in the customer journey.
The Year Ahead: The Trade Shows of the Future
In a bid to differentiate themselves — or even just to survive — more trade shows will add B2C attractions or launch new services and experiences to improve relationships with their traditional B2B audience.
Hudson’s Bay Chairman Weighs Raising Offer for Retailer
Minority investors including Catalyst had opposed the previous bid, saying it undervalues the company’s real estate and that it didn’t provide enough disclosure to shareholders.
How US Apparel Retailers Can Try to Bounce Back in 2020
According to analysts, these will be the most important trends for apparel retailers and department stores to follow next year.
EssilorLuxottica Hit by $213 Million Fraud at Thai Factory
The scandal risks reigniting concern about a power struggle at the recently merged Italian-French eyewear conglomerate.
Barneys Ends Online Sales as It Prepares for New Ownership
The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.
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.