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.
Do Stores That Don't Sell Anything Really Work?
Canada Goose's new store has a simulated avalanche, but no coats to buy. Will its bet on experiential retail pay off?
In Brands We Trust: Why Companies Are the New Communities
Brands have a powerful opportunity to fill the void in belonging and meaning left by the decline of religion and eroded faith in government.
Lord & Taylor Is Returning to New York With a Mini Store
The department store will return to Manhattan this holiday season as a temporary, two-week shop, according to a person familiar with the matter.
Amazon Critics Protest Outside of Jeff Bezos' Home for Cyber Monday
The coordinated efforts hope to bring attention to warehouse worker deaths and injuries, the environmental costs of fast delivery and the increasing amount of information tech companies gather about customers.
How Russia’s Largest Fashion Group Is Driving Retail Growth in St. Petersburg
As DLT, St. Petersburg’s most famous department store, celebrates its 110th anniversary, BoF meets Alexander Pavlov, chief executive of the Mercury-owned TSUM and DLT department stores, to hear how he continues to find growth in the challenging Russian market.
Ted Baker Says It May Have Overstated Inventory by £25 Million
The British company's shares are expected to tank as much as 30 percent.
Festival Wear E-tailer Dolls Kill Raises $40 Million
The online retailer, which caters to Burning Man fans and TikTok ‘E-Girls,’ plans to strengthen its e-commerce experience, add new brands and expand its international presence.
US Sales Surge in the Early Hours of Thanksgiving
$2 billion was spent online by US consumers in the first hours of the holiday, but in-store Black Friday crowds were thin.
H&M Tests Renting Clothes to Address Environment Concern
The Swedish retailer follows competitors Banana Republic and Urban Outfitters, which tapped into the billion-dollar rental market earlier this year.
Amazon Avoids Breach of Coty's Trademark Rights
The cosmetics company took the e-commerce platform to a German court for stocking Davidoff perfume for third party sellers.
Amazon and EBay Accused of Selling Cosmetics With Mercury
Sixty percent of 158 skin-lightening products purchased by activist groups on Amazon and eBay were contaminated.
How to Make the Most Out of Black Friday
A truncated holiday shopping season has driven many retailers to unleash sales earlier than ever and offer even bigger discounts. But some players have decided to adopt unusual strategies for the biggest sales moment of the year.
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.