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.
Adidas Earnings Beat Estimates as North America Sales Improve
The European market also showed more promise as sales returned to growth, rising 3.2 percent.
For Barneys' Brands, It's All About Damage Control
Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.
Fifth Avenue Rents Decline as Retail Stores Struggle
Lower Fifth Avenue saw the biggest decrease in rent prices, falling by 25 percent, while upper Fifth Avenue fell by just 0.7 percent.
Pandora Cuts Sales Outlook After Poor Third-Quarter
Weakened customer demand, falling shares and political unrest in Hong Kong have hindered the jewellery brand’s attempt at relaunching.
It’s Official: Barneys New York's New Owner Is Authentic Brands Group
The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.
Forever 21 Avoids Store Closures After Rent Cuts
The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.
Gucci and Prada Take Up Plight of Workers in Barneys Bankruptcy
Barneys' creditors are supporting a bid that would keep more of the bankrupt retailer’s existing stores open.
How London’s Soho Became a Mecca for Selling Fashion to Millennials
The gritty quarter of Soho has attracted a flood of fashion brands targeting young streetwear-savvy consumers.
Can Nanushka Be More Than Just an Influencer Brand?
After finding fame on social media and building a thriving business via wholesale, the Budapest-based label sees opening its own stores as the next stage of its exponential growth.
SMCP Reports a Rise in Third-Quarter Sales
The group remains optimistic about a growth in sales following a rise in third-quarter revenue by 10.8 percent to €274.5 million from last year.
Vestiaire Collective Partners With Selfridges for First Permanent Store
The resale platform's segue into physical retail will help boost brand awareness, while the department store will be dipping a toe into the fast-growing $25 billion luxury resale market.
Nike Files New Patent Infringement Lawsuit Against Skechers
The suit claims that Skechers’ Skech-Air Jumpin’ Dots and Mega shoes use footwear cushioning inventions Nike had developed.
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.