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.
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.
Rain Keeps UK Boxing Day Shoppers at Home
The number of shoppers hitting post-Christmas sales is set to drop significantly for a fourth year in a row, initial data showed.
Amazon Says Holiday Shopping Broke Records This Year
The number of items that were delivered with one-day or same-day shipping quadrupled compared to last holiday season.
Online Sales Give Short U.S. Holiday Shopping Season a Boost
According to data from Mastercard, the apparel category registered stronger-than-expected e-commerce growth with online sales rising 17 percent.
Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse
Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.
Super Saturday Generated a Record $34.4 Billion, Analyst Says
The Saturday before Christmas topped Black Friday's numbers, resulting in the best weekend of the season for many struggling retailers.
How Retail Analysts Measure Store Performance in an Online World
A major shift in consumer behaviour means success is measured far differently than it was even a decade ago.
For Analysts, Gauging Retail Performance in an Online World Is Harder Than Ever
Forget store traffic and bag count: major shifts in consumer behaviour have forced retail analysts to move away from old-school tactics to measure retailers' performance.
Ulta Tops Amazon as Decade’s Best Performing Large Retail Stock
The beauty retailer’s in-store experiences, selection of influencer brands and relaunch of its customer loyalty program have helped it stay on top.
Drive Season 2, Episode 6: Everlane’s Michael Preysman on ‘Balancing Time, Customer and Product’
Preysman shares his experience of building Everlane from the ground up and putting sustainability and something he calls 'radical transparency' at the centre of his business model and operations.
Nike Earnings Fail to Wow Investors After Stock Hits Record
Despite posting quarterly results that sailed past Wall Street estimates, the shares dipped in late trading, suggesting some investors were looking for an even bigger upside surprise.
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.