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.
Browns 'Roaming Retail' Concept to Set Up Shop in Berlin
The British multi-brand boutique will host a three-day, festival-style pop up for the latest incarnation of its 'Nomad' travelling retail concept.
Ted Baker Warns of Possible Sales Decline After Year of Turmoil
The apparel chain has been reeling since the resignation of founder Ray Kelvin, who faced allegations of inappropriate conduct from employees.
H&M Earnings Return to Growth After Two-Year Slump
A well-received summer collection helped the Swedish retailer boost profitability, with inventory as a proportion to sales falling to 18.5 percent.
Forever 21 Needs Older Shoppers to Come Back From Bankruptcy
The retailer filed for bankruptcy protection on Sunday, and its turnaround plan relies on luring in shoppers who are actually willing to buy clothes at full price.
JD Sports' Footasylum Takeover Faces More Criticism From UK Competition Watchdog
The Competition and Markets Authority said Britain's biggest sportswear retailer had failed to address initial concerns that the acquisition could be bad for shoppers.
Forever 21 Founders Borrowed $10 Million From Their Daughters
The offspring are now named as unsecured creditors of their parents’ company in the bankruptcy filings.
Forever 21 at an Impasse on Landlord Deal Ahead of Bankruptcy
The breakdown in negotiations with Simon Property Group Inc. and Brookfield Property Partners LP means the retailer is without a reorganisation plan as it prepares for a bankruptcy filing, said sources familiar with the matter.
Rent the Runway Pays Angry Customers $200 After Service Failures
The start up will issue refunds as well as give additional cash to customers who have had their orders canceled due to the supply chain problems.
Barneys Gets Letters of Interest From Potential Buyers
Two of the five would-be suitors would want all of the assets, while the others are interested in just parts of the bankrupt retailer, according to sources familiar with the matter.
Ted Baker Taps Debenhams Executive for CFO
Rachel Osborne, a retail industry veteran with more than two decades of experience, will join Ted Baker once a date is agreed for her exit from the department store, where she is also CFO.
Amazon Fashion Teams With Puma on New Athleisure Brand
The accessibly priced collection was created using analysis of shopping habits on Amazon.
EBay CEO Steps Down Amid Ongoing Operating Review
Devin Wenig took over in 2015 and made bold promises of returning the marketplace to prominence, but the results have been slow going.
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.