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.
Asos Profits Slump 68 Percent on Warehouse Problems
The online fashion retailer's shares have also fallen 49 percent over the last year.
Report: Barneys Nears Bankruptcy Deal With Authentic Brands Group
After filing for bankruptcy earlier this summer, the luxury department-store chain closes in on a $270 million deal, according to sources familiar with the matter.
How to Handle a Customer Service Crisis
For retailers large and small, mishaps are inevitable. But how a company responds to its mistakes is crucial. If handled poorly, disgruntled customers may turn away from a brand for good. But the right moves can turn a disaster into an opportunity to build greater loyalty.
World’s ‘Hottest Sportswear Firm’ Li Ning Surges 200 Percent
The Chinese brand, founded by former Olympic gymnast Li Ning, has more than tripled in Hong Kong trading this year.
Ganni’s Guerrilla Approach to Global Growth
The Danish label is part of a generation of social-media-savvy brands that are betting on activating their powerful online communities to help smooth a path to international expansion.
The Big Problems with Fast Fashion
This week, everyone will be talking about online retailer Asos' latest results and fashion weeks in Shanghai, Seoul and Tokyo. Get your BoF Professional Cheat Sheet.
The Business of Saving Barneys
Reviving the upscale department store chain will take more than a Kith-like remake.
Bicester Village Plans New York Presence
Value Retail is planning a Bicester Village outlet in the New York metropolitan area, Chairman Scott Malkin tells BoF.
Peer-to-Peer Rental Start-Ups Take on Rent the Runway
A slew of new companies offer fashion rentals from users' closets and say their business models are easier to manage. But are customers dedicated enough to ship out and clean their own items?
Uniqlo Sister Brand Sees 75 Percent Profit Gains
Fast Retailing-owned experimental and stylish brand GU is experiencing significant growth.
The Big Business of White Sneakers
Despite a highly saturated market, startup labels are breaking through thanks to the enduring popularity of the minimalist trainer. So, how does a new brand sell such a simple shoe?
Levi’s Hit by Weakness in US Wholesale
The denim brand reported a 4 percent drop in third-quarter profit, the first fall since the 165-year-old company went public in March.
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.