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.
H&M's Blowout Sales Growth Leaves Questions About Inventory
The Swedish retailer reported its fastest quarterly sales growth in three years, but analysts question how much it cut prices to get rid of excess inventory.
ASOS Cuts Guidance After ‘Significant Deterioration’ in November
The British online retailer reported a deterioration in expected growth for November, as retail gloom spreads beyond brick-and-mortar stores.
UK Consumer Spending Falls by Most Since July
Expenditure on clothes, recreation, transport and communication all dropped by more than 2 percent in November compared with a year earlier.
When France’s Workers Rise Up to Protest, Amazon Gets Busy
The country's Yellow Vests protests have driven customers away from stores to online, with an estimated €1 billion in sales sacrificed due to the violence.
Retail Apocalypse Crushes Italian Clothing Company OVS
Shares of the BC Partners-owned company have collapsed 85 percent this year, the biggest drop among large European retailers.
China's November Retail Sales, Industrial Output Growth Weakens Sharply
Retail sales rose 8.1 percent in November from a year earlier, below expectations for an 8.8 percent rise and the slowest since May 2003.
Costco Margin Dip Overshadows Sales Beat
The company's shares, which have gained 21.7 percent this year, were down 3.2 percent in extended trading on Thursday.
Stitch Fix Does Not Expect Shoppers to Splurge This Holiday Season
SAN FRANCISCO, United States — Online personal-shopping company Stitch Fix said on Monday it expects active client counts to be relatively flat from
UK's November Shopper Numbers Fall Worst for a Decade
Footfall on high streets, shopping centres and retail parks fell by 3.2 percent year-on-year last month.
Sears Chairman Lampert Makes $4.6 Billion Bid for Bankrupt Retailer
ESL's takeover bid features financing from a variety of sources and a complicated structure.
Saks Fifth Avenue Drives Revenue Gains at Hudson's Bay
Chief executive officer Helena Foulkes said in an interview that the company is still fixing the fundamentals, though she’s pleased with progress.
Fashion Retailer Joules Preps for No-Deal Brexit With EU Facility
A growing list of UK companies are minimising disruption to operations by prepping for a no-deal situation.
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.