Aritzia Seeks to More Than Double Sales by 2032
New categories and brick-and-mortar expansion beyond North America are set to drive Aritzia’s quest to hit $10.5 billion CAD ($7.5 billion).
Retail
Analysis and advice from the front lines of the retail transformation.
Marathon World Record Hands Nike Its Biggest Win in 15 Years
It was the first time since 2003 that a runner set the world's record with the company’s swoosh at its feet, as all previous records were set in shoes by Adidas.
Zalando Slashes Guidance Again
Europe's biggest pure online fashion retailer said the unusually hot summer weighed on revenue growth and earnings.
H&M Beats Forecasts with Third-Quarter Sales Rebound
The retailer reported stronger-than-expected sales growth in the third quarter as its efforts to compete with online sellers and budget brands were bearing fruit.
Target to Hire 120,000 Workers to Meet Holiday Season Rush
The retailer said the busiest time of the year will require a 20 percent increase in hires over 2017.
John Lewis Profits Evaporate as Struggling Rivals Slash Prices
The group said profit before one-off items slumped 99 percent in first half of 2018, hit by its stores' pledge to match prices at rivals.
Saks Off 5th Wants in on the Discount Retail Boom
Hudson’s Bay is trying to turn around its discount chain, after it reported falling same-store sales for the seventh time in the past eight quarters.
Debenhams Shares Rise After Speculations of Merge with House of Fraser
Shares in Debenhams rose after an outgoing director of Sports Direct said theboard had discussed combining the department store group with House of Fraser.
Will the Launch of Madewell Men's Boost J.Crew?
President Libby Wadle breaks down the fast-growing label’s dual-gender strategy.
Debenhams Is Not Pursuing Store Restructuring
The British retailer said that while major store closures were an option, the company was not actively pursuing this route.
Hudson's Bay and Signa Holding Merge Two German Department Store Chains
The move comes as the department store chains seek to respond to fierce competition from e-commerce players.
Retail Innovators: Colette’s Sarah Andelman on Product Curation
Sarah Andelman, co-founder of world-leading concept store Colette, gained global renown for her product selection and staging. Here, she discusses curation in a digital age as BoF explores the evolution of retail — in partnership with Unibail-Rodamco-Westfield.
Shares in Debenhams Slump as Radical Restructuring Considered
Shares in struggling British retailer hit a record low after it widened the remit of adviser KPMG to include examining future options for the group.
THE NEWS IN BRIEF
Pop Mart Quarterly Sales Fall Up to 50% as Labubu Fad Cools
Sales in the Americas fell 70 to 75 percent.
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.
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.’