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.
Chico's Plunges Most Ever on Earnings Miss, Brand Chief Exits
The retailer's shares dropped by 38 percent after missing analyst sales forecasts.
Cyber Monday Sales Hit Record in Holiday Shopping Blitz
Revenue of $7.9 billion made it the largest online shopping day of all time in the US.
H&M to Close Struggling Cheap Monday Brand
The closure of the brand, which affects around 80 employees, is expected to be complete by the end of June 2019.
Surge in Holiday E-Commerce Sales May Bring a February Hangover
While expected to be a blockbuster, this season could possibly be the last standout Christmas of the current economic cycle.
Blockbuster Cyber Monday Is Overshadowed by Economic Outlook
Despite record spending on Cyber Monday, rising interest rates and an escalating trade war mean US retailers are still facing squeezed profit margins.
Amazon Opens Spanish Pop-Up Store to Showcase Its Wares
The world's largest online retailer is increasingly turning to physical stores to attract and keep customers.
Kohl's Tops Same-Store Sales Estimates, Raises Forecast
The American department retailer has benefitted from a makeover of its stores, as well as partnerships with Amazon and Under Armour.
Victoria's Secret Hires CEO From Tory Burch to Lead Turnaround
John Mehas was the president of Tory Burch.
David's Bridal Files for Chapter 11 Bankruptcy in Delaware
The Pennsylvania-based retailer's court filing lists liabilities of more than $500 million and assets of more than $100 million.
J.Crew Must Die to Live
The struggling specialty retailer is close to being a lost cause. Here's what should be done to try to save it.
J.Crew CEO Jim Brett Is Leaving the Company
Brett, who joined the ailing specialty retailer in July 2017, was in the midst of a turnaround plan. He'll be replaced by a temporary committee of senior executives.
Building the WeWork of Fashion
A host of startups are competing to help digital fashion brands looking for a real-world home by taking care of the hard parts, from leasing to store analytics.
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.