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.
Philip Green's Arcadia Secures £310 Million Loan
The money will be spent on refinancing the fashion group's flagship Topshop store on London's Oxford Street.
US Retail Sales Rise Less Than Expected in November
The Commerce Department said on Friday retail sales rose 0.2 percent last month.
Philip Green's Arcadia Secures £310 Million Loan Refinancing on Flagship Store
Apollo Management International LLP provided the loan.
Op-Ed | The Retail Apocalypse Confronts a New Crop of CEOs
Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.
Lululemon's New Product Investments Hit Holiday Quarter Profit Forecast
The company plans to invest in developing new sports bras and accessories to keep up with the competition and investors' growth expectations.
Safilo's Sales Hit After Losing LVMH Brands
The Italian eyewear company said the exit of Fendi, Dior and Givenchy could result in a $220 million dent in sales.
American Eagle Hit by Weakened Demand
The US-based retailer saw shares drop by 7 percent amid sluggish demand and stiff competition in the retail space.
Hudson's Bay Gets Support From Key Advisory Firm
Glass Lewis argues that there’s no viable alternative deal given that Chairman Richard Baker’s group said it won’t sell its shares to anyone else.
Zara Owner Posts Strong Profit Growth
Inditex reported a net profit of €1.17 billion ($1.3 billion) for the third quarter and forecasts full-year sales growth of up to 6 percent.
What's the Point of Outlet Malls in 2020?
Destination discount shopping must evolve with the changing retail landscape in order to survive.
Op-Ed | Online Shopping Is Growing, But Isn’t Creating Jobs
Because so much of their interaction with customers is virtual and automated, e-commerce players don’t necessarily need to increase headcount as sales rise.
Hudson’s Bay Sales Slump Ahead of Vote on Baker’s Takeover Bid
Comparable third-quarter sales fell 1.7 percent, while gross margins dropped 120 basis points.
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.