Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Retail
Analysis and advice from the front lines of the retail transformation.
Report: Sears to Ask Bankruptcy Judge for Approval to Liquidate
Should the retailer liquidate its assets, it would become one of the most high-profile victims in the wave of bankruptcies that has swept the industry in the last few years.
UK Retailer Footasylum Cuts Profit Outlook After Disappointing Christmas
Shares plunged to a record low after the company said its full-year core earnings would come in at the lower end of analysts' estimates.
UK Retail Sales Suffer Worst Year in More Than a Decade
Sales at brick-and-mortar stores fell 1.9 percent in December, capping off the worst year for monthly sales shrinkage since at least 2006, finds to a new report by BDO LLP.
The Year Ahead: End of Ownership
The lifespan of fashion products is being stretched as pre-owned, refurbished, repaired and rental business models continue to evolve.
Rent the Runway CEO on Underestimating the Fashion Rental Market
The chief executive of Rent the Runway reveals the reason why industry leaders keep underestimating the fashion rental market and why this market works for consumers who refuse to be ‘ripped off.’
Report: Sears Prepares for Possible Liquidation as ESL Bid Fails
If the 125-year-old retailer does die in bankruptcy, it would mark the largest fatality yet in the retail apocalypse.
Christmas Report Heralds More Pain for UK Retailers
As more shoppers head online — and away from physical sites often locked in expensive leases — there’s little escape from the traditional British industry’s decline.
Chile Consumer Demand in Trouble as November Retail Sales Drop
The fall undercuts hopes that consumer demand would strengthen on the back of a better jobs market.
Saks Shuts Downtown Store in Cutthroat Manhattan Retail Wars
The failure of the women’s shop highlights intensifying competition in New York's department-store battlefield.
British Shoppers Splurge Over Christmas as Brexit Chatter Wanes
As the political debate subsided, consumers appeared confident enough to spend more generously.
Hong Kong Blames Trade Spat for Worst Retail Sales in 17 Months
Retail sales value rose 1.4 percent from a year earlier in November, the slowest growth since June 2017.
Next Reports Strong Christmas Sales
The British retailer's performance may signal a reprieve for others in the sector reporting later this month.
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.