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.
French Connection Expects Sale to Conclude by Year-End
The company also reported a smaller first-half operating loss on growth in its wholesale business in the United States.
J.C. Penney’s First Female CEO Says Her Turnaround Will Be the One to Work
Jill Soltau is making a long-shot bid at J.C. Penney Co. to do what her predecessors couldn’t: uncover what customers really want from the ailing department-store chain.
US Agency Says Walmart Likely Discriminated Against Female Workers
The world's largest retailer allegedly discriminated against 178 female workers by paying less or denying promotions or both because of their gender.
Shopify Starts US CBD Platform
The Ottawa-based company plans to offer tools including online store design, payment, shipping and marketing in more than 40 states to merchants of hemp-derived cannabidiol.
H&M to Test Selling External Brands in Strategy Shift
The move is a significant strategy shift and possible step toward competing directly with multi-brand online retailers such as Zalando and Asos.
H&M Sales Growth Slows
The Swedish retailer has been trying to reduce its high inventory level, which stood at $4.2 billion at the end of June.
Can Roller Coasters and a Bunny Garden Lure Shoppers Back to the Mall?
The American Dream megamall's developers hope a dizzying array of attractions — from a boozy waterpark to on-site bunny adoptions to luxury flagships — will get customers to shop retail.
US Retail Sales Rise More Than Expected in August
Consumer spending, which accounts for more than two-thirds of the economy, increased at a 4.7 percent annualised rate in the second quarter, the most in four and a half years.
Sports Direct Faces Chaos After Failing to Appoint Auditor
Billionaire Mike Ashley failed to appoint an auditor in time for the company's annual general meeting, throwing it deeper into chaos.
Neiman Marcus Secures $100 Million Facility to Increase Liquidity
The luxury retailer plans to use proceeds from the facility, also known as a FILO, to reduce its revolving credit facility and create $100 million in liquidity the company can access in the future.
Can Everlane Hack the Menswear Market?
With the debut of its "Uniform" collection for male shoppers, Everlane is hoping to finally win over the menswear market.
Zara Owner Inditex Disappoints on Profit Margin Despite Strong Sales
The disappointing margin growth overshadowed strong growth in sales in the first half, buoyed by good summer weather in Europe.
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.