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.
Harassment Claims Hit Ted Baker Boss's Fortune as Shares Plunge
Company shares have plummeted by as much as 25 percent, costing chief executive Ray Kelvin over £70 million.
Sports Direct CEO Proposes Plan to Save UK Retail
The plan to save the high street includes reduced rent, waived business rates and a levy on e-commerce sales.
Ted Baker Slumps as Company Pledges Harassment Probe
The British fashion chain saw its stock dip following claims that its founder enforces a 'hugging' culture at the company.
Retailers Are Testing Facebook-Style Shopper Profiles
New software tracks every purchase you’ve made, product you’ve returned, ad you’ve clicked on and item you’ve tossed from your cart.
PVH Plans Fixes for Calvin Klein
The company forecast fourth-quarter adjusted earnings of $1.58 to $1.60 per share, in line with analysts' expectations.
Hong Kong Retail Sales Growth Picks up in October, Consumer Sentiment Remains Clouded
Retail sales in October rose 5.9 percent from a year earlier, marking the 20th month of expansion.
J.Crew Reports Sales Accelerated in Departed CEO’s Last Quarter
The apparel company’s total comparable-store sales rose 8 percent, the biggest gain in more than five years.
Express Draws Wall Street's Wrath for Missing Retailers' Rebound
The company's failure to hit expected sales figures underscores how competition has narrowed the room for error among apparel retailers.
Abercrombie & Fitch Shares Soar as Sales Beat Expectations
The company’s total comparable-store sales rose 3 percent, beating analyst estimates of a 1.7 percent gain.
Cash-Strapped Millennials Turn to Instalment Plans to Buy T-Shirts and Jeans
Filling a gap between credit cards and store credit, buy-now-pay-later start-ups are increasingly popular with millennials but they are not without risk.
Top Asia Clothier's New Idea: Leave a Harajuku Shop Empty-Handed
The GU Style Studio store, a collaboration with Uniqlo operator Fast Retailing, allows customers to try apparel and place orders online for later delivery.
Japan Retail Sales Rise Most in 10 Months, Signals Economic Rebound
Consumers are spending more on fuel, cars, medicines and cosmetics in a sign the world’s third-largest economy is likely returning to growth.
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.