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.
McGill University Opens Bensadoun School of Retail Management
The new school aims to address shifts in the retail landscape and consumer behaviour, from digital disruption and the rise of e-commerce to the coming of age of the millennial generation.
Flipkart Billionaire's Exit Puts Corporate India on Notice
Companies like Walmart, which bought a majority stake in Flipkart earlier this year, face increasing pressure to make decisions in light of #MeToo and its worldwide relevance.
Fashion Can’t Ignore Rent the Runway
The apparel-rent service has become a significant driver of sales for some of the world’s most popular fashion labels. Now, a new revenue-sharing model has large-scale players, including Levi’s and J.Crew, jumping on board.
Denim Tailors and T-Shirt Tattoo Parlours: Inside Levi’s New Times Square Flagship
The denim giant, cruising toward its highest sales in a decade, is opening its biggest store yet, packed with customisation options and heritage products that have fuelled the jeans brand’s resurgence.
Report: Victoria’s Secret Lingerie CEO Resigns
Jan Singer has reportedly stepped down just over two years into the role.
David's Bridal Is Near a Deal for Chapter 11 Restructuring
The American chain store specialising in wedding and prom dresses has been considering bankruptcy for weeks, anonymous sources report.
Macy's Boosts Annual Earnings Forecast Ahead of Holiday Season
Despite increasing competition online, the retailer surpassed expectations last quarter and has upped its adjusted earning forecast to $4.10 to $4.30 per share.
Canada Goose Raises Profit Guidance After Direct Sales Double
The parka brand's earnings surpassed analyst forecasts and prompted more optimistic growth expectations for this fiscal year.
Chinese Shoppers Crave Experiences With Their Bags
Generation Z customers in China are looking for more than just purchases on their shopping trips, says LVMH.
How Retailers Are Reinventing the Checkout Line
New payment services are flooding the e-commerce space. But which ones should retailers use?
Need Supply Co. and Totokaelo Form New Retail Group
The indie-luxe retailers are joining forces in order to compete more effectively on a global scale.
Thai Developers Pour Billions Into Retail
Retail sales growth reached a five-year high in August this year, with the Thai capital expecting to add more retail floor space than any other Southeast Asian city.
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.