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.
Softbank May Sell Alibaba Stock to Fund Buyback
SoftBank’s February announcement of a $5.5 billion buyback sent its shares to a peak in April, but the stock has since lost most of the gains.
Watches of Switzerland Eyes Small US Retailers
The luxury timepiece seller is pumping investment into acquiring regional US retailers that can't compete in the market alone.
Can Mytheresa Bring Its Winning Streak to Menswear?
The German e-tailer has grown into a profitable $400 million business. Now, it’s hoping to crack the $32 billion menswear market.
How to Save Lord & Taylor
The retailer reported a loss of $119 million in fiscal 2018, an indication that Lord & Taylor has lost a great deal of its lustre.
Advisory Firm Recommends Shareholders Vote Against Hudson's Bay's Plans to Go Private
Chairman Richard Baker's offer comes seven years after he took the retailer public, and values the company at just a third of its 2015 worth.
Battling the Retail Apocalypse: What Worked and What Didn't
The last decade was the most transformative for retail since the rise of big-box stores in the 1980s. To drive traffic and better engage consumers, companies have tried out a number of different tactics. What were gimmicks and what stuck?
The Art Basel Crowd Discovers Miami’s New Neighborhood
Allapattah, near the Miami River, saw flashy events during the fair and is the home of two vast, new arts institutions. Both were built by real estate investors.
H&M's Cos to Test Clothing Rentals in China With YCloset
H&M follows Banana Republic and Bloomingdale's, which are lending out their clothing for a monthly rental rate.
Department Stores Scramble to Bolster Foot Traffic
Threatened by strong e-commerce sales, US department stores went big on their holiday window displays in an effort to draw in consumers.
Co-Founders of Boohoo Sell Shares Worth £142 Million
Mahmud Kamani and Carol Kane, who started the fast-fashion group in 2006, sold 4.3 percent of company equity, reducing their combined holding to 15.8 percent.
Hudson's Bay Director Says Insiders' Offer Is Only Deal on the Table
Richard Baker's take-private deal comes seven years after he took Hudson's Bay public and values the company at just a third of its 2015 worth,
Nike Seeks New Weapon in Battle Against Counterfeit Goods
Proposed legislation would extend to design patents the same protections given copyrighted and trademarked goods.
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.