Joe Corré’s Light House Club Launches Pop-Up Spaces for Emerging Designers
Independent creatives can apply to utilise pop-up spaces at Light House to sell merchandise and meet with clientele.
Retail
Analysis and advice from the front lines of the retail transformation.
LVMH’s Latest Brick-and-Mortar Bet
After 15 years and €500 million worth of renovations, LVMH is reopening famous Parisian department store La Samaritaine. But does its 2020 revival make as much sense as it did when the group brokered the deal in 2001?
T.J.Maxx Owner TJX Buys Stake in Russian Retailer Familia
The acquisition comes after the low-cost apparel retailer enjoyed 24 percent turnover growth in the first nine months of 2019.
The Direct-to-Consumer Reckoning
For fashion start-ups, raising money and growing sales came easily. But with costs rising and profits elusive, securing a happy ending for investors is proving much harder.
Gap Inc. Enters a New Era. Will It Be Better Than the Last One?
This week, everyone will be talking about Gap Inc.'s first earnings since the departure of CEO Art Peck, a potential thaw in US-China trade tensions and BoF's annual VOICES conference. Get your BoF Professional Cheat Sheet.
China's JD.Com Beats Quarterly Revenue Estimates
The e-commerce giant's strong sales were attributed to growth in lower-tier cities.
Dubai's Mall-Building Binge
The luxury destination's retail expansion is expected to fill more than three Mall of Americas — increasing the city's shopping space by about 40 percent — despite failing regional outlets.
Canada Goose Earnings Exceed Wall Street Expectations
The Toronto-based company reported a 27.7 percent jump in revenue to $222.2 million.
11 Honoré Raises $10 Million for Strategic Expansion
The size inclusive e-commerce platform will use the funding from backers including Nordstrom to expand its personal shopping service.
Nike to Stop Selling Products on Amazon Site
The split comes amid an overhaul of Nike’s retail strategy that aims to focus on direct-to-consumer relationships.
How Stone Island Found Its Luxury-Streetwear Sweet Spot
In its 37-year history, Stone Island has grown cult followings among hypebeasts and football hooligans alike. How does the brand reconcile this eclectic customer base as it expands into new markets and demographics?
The RealReal Responds to Counterfeit Accusations
In an email sent to customers, Chief Executive Julie Wainwright acknowledged that spotting fakes isn’t an exact science.
Weak Clothing Sales Hit Britain's M&S Profit
The British retailer's "transformation" plan has been hindered after weakened clothes sales, resulting in a 17 percent drop in first-half profit.
THE NEWS IN BRIEF
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.
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.