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.
A Changing of the Guard at Nike and Under Armour
The CEOs of two of the world's biggest athletic brands announced on the same day that they would step aside. BoF examines what their successors will need to do to keep up momentum.
H&M Opens Experiential Store in Germany
The boutique offers yoga classes and a cafe with a garden as the Swedish budget chain seeks to revive flagging sales.
Supreme Lands in San Francisco, Amid Clash of Counterculture and Capitalism
The billion-dollar streetwear label, which has thus far managed its own tension between counterculture roots and private equity-fueled growth, will need to appeal to both the cred-conscious local skater community and the city’s wealthy ‘tech bros’ to succeed.
Israeli Fashion Mogul Challenges Authentic Brands in Bid for Barneys
The retailer, which filed for bankruptcy in August, has been seeking proposals to best Authentic Brands' $271 million offer.
Puma Profits Hit By US-China Trade War
Chinese production for the sportswear brand's US market has dropped to around 20 percent.
Swatch Group Won't Renew Calvin Klein Licence Agreement
The group attributes the decision to uncertainties in Calvin Klein's management.
Nordstrom Needs New York. Does New York Need Nordstrom?
Nordstrom's massive new women's store, its first in Manhattan, is a big bet on the future of department stores even as some of its rivals are in retreat. But the Seattle-based chain isn't entering the city blind.
Why Kith's First Investor Hasn't Given Up on Saving Barneys
With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.
Summersalt is the Latest Brand to Cash in on the Travel Trend
The direct-to-consumer brand made waves with its size-inclusive swimwear. Now it wants to sell sweaters and pajamas too.
Under Armour Now Makes Spacesuits. Is That Good Business?
The US-based sportswear brand has partnered with Virgin Group on a new collection of spacesuits.
UK Retail Sales Growth Softens as Department Stores Disappoint
Growth in retail spending is at its weakest in more than three years, raising concerns about the health of the economy in the run-up to Brexit.
US Retail Sales Post First Decline in Seven Months
Sales dropped 0.3 percent in September as households cut back spending on several categories including online purchases.
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.