Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
After the retail empire’s initial takeover bid failed, the company raised its holding to 50.08 percent in a move that will turn the German apparel brand into a subsidiary of Frasers.
Retail
Analysis and advice from the front lines of the retail transformation.
US Retail Sales Unexpectedly Fall the Most in Nine Years
The broad weakness across most sectors adds to signs that US economic growth is cooling from prior quarters.
Mickey Drexler-Backed Line Takes on J.Crew
Former J.Crew designer Somsack Sikhounmuong has partnered with founder Alex Drexler to relaunch Alex Mill, expanding the label into women’s for the first time.
Lampert Reveals Plans for Sears After Bankruptcy
Chairman Edward Lampert has said the retail chain will focus more on tools and appliances than apparel.
New Look Year to Date Revenue Down 5 Percent
Following a debt-for-equity swap in January to reduce its debt by £1 billion, the British fashion chain is focused on driving more profitable sales.
Under Armour Tops Profit Estimates After Decluttering Spree
Shrinking inventory by cutting underperforming products has been key to the sportswear brand's restructuring efforts.
Debenhams Gets £40 Million Credit Deal
The department store also announced a sourcing partnership with Li & Fung for its own-brand products.
The Secrets to Veronica Beard’s Success
At a time when the lifecycle of a brand can be short as an Instagram Story, the New York-based label is building a sustainable business.
Stop on the Third Floor for Designer Shoes – And the Revolution
Tehran’s unfinished mega mall showcases the fragilities that have come to challenge a system underpinned as much by promises to deliver prosperity and fairness as religious orthodoxy.
Will Singapore Win Asia’s Start-Up Race?
Singapore’s fashion start-up scene is abuzz with innovation and plucky entrepreneurs, but agility, adaptability and scale are necessary to succeed in the growing Southeast Asian market.
How Bad Is China's Economic Slowdown? It Depends What You Sell
Dozens of companies have sounded the alarm about weakening demand, with some reporting unexpected declines in fourth-quarter sales or issuing profit warnings.
Apple Retail Chief Angela Ahrendts Departs
The former Burberry CEO led retail and online stores at the tech company for five years.
US Retail Sales Expected to Top $3.8 Trillion in 2019
A healthy economy and rising wages in 2018 gave consumers the confidence to shop and splash out on retailers' annual holiday season bargains.
THE NEWS IN BRIEF
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
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.