UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Retail
Analysis and advice from the front lines of the retail transformation.
How to Get Your Customers to Pay Full Price
Discounting is rampant at retail, but these tactics can help you keep margins healthy.
Retail Stocks Set to Bypass Tariff Woes
Shares of US retail and consumer goods companies appear set to emerge largely unscathed from the trade dispute between the United States and China.
Target Shares Jump due to Improved 2019 Forecast
The retailer predicted a full-year adjusted profit above Wall Street estimates after better-than-expected holiday quarter results.
A Dover Street Market Alum Breaks Out on His Own
Hirotaka Sasako went from shop floor to buyer at Dover Street Market after impressing Rei Kawakubo. Now, he’s opening his own multi-brand store in Tokyo, stocking buzzy brands like Wales Bonner, Namacheko and Stefan Cooke.
Alibaba Announces First Major B2B Partnership in US
The partnership with Office Depot will use the business supplies distributor’s network to create a new online destination and build out its offering to small businesses.
Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia Expansion
Unusual choice Pierre Poignant named third CEO in nine months of Lazada, the subsidiary spearheading Alibaba's high-stakes Southeast Asia expansion.
Malls Take Another Beating as Retailers Cull Over 300 Stores
After a brief period of shopper stabilization — fueled by rising consumer confidence and low gas prices — it appears another culling is in order for the retail industry.
Gap Shares Surge as Wall Street Praises Split With Old Navy
Gains in the stock set it up for its best day in more than 10 years and added about $2 billion to the company's market capitalisation.
Swedish Retailer Odd Molly Stock Doubles in Value, Baffling Market
Speculation among confused investors focused on everything, from a potential M&A to the digital transformation of the company.
Gap and Old Navy Are Breaking Up
Gap Inc will spin out Old Navy, the company said Thursday, in an effort to bolster both the growing Old Navy and fading Gap brands.
J.C. Penney Rises as Wall Street Buys Into Turnaround Strategy
The retailer surged 25 percent as it revealed plans to close 15 more locations and announced a trio of new executives.
J.C. Penney Pulls Plug on Clothing Subscription Service
The subscription service, introduced in December 2017 in partnership with Bombfell, works in a similar way to Stitch Fix.
THE NEWS IN BRIEF
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
EBay Will Lay Off 9% of Workforce
The online marketplace is looking to simplify operations and shift resources to its fastest-growing areas, Reuters reported.
Vinted Faces Influx of Suspected Looted Goods After French Riots
The company has ‘taken immediate action to identify and remove listings linked to the looting,’ and has ‘stepped up monitoring of suspicious listings,’ a Vinted spokesperson said in a statement. ‘When our rules are breached, we act against the accounts involved, up to permanent bans.’
Zara Billionaire Owner Ortega Buys $550 Million Chicago Tower
Pontegadea Inversiones SL acquired the 51-story One North Wacker in the city’s business district in one of the biggest US office deals this year.
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.
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.