Uniqlo Scraps Price Rise on $2 Socks After Japanese Shopper Outcry
The decision underscores the challenge Japanese retailers face as persistent inflation squeezes household budgets.
Retail
Analysis and advice from the front lines of the retail transformation.
Retailers Attempt to Rival Amazon's Prime Day
American retailers like Target, Macy's and Walmart have coincided special promotions with Amazon's Prime Day. While their deals on merchandise vary, the pitch is the same: no membership fee required.
Hudson's Bay Drops Ivanka Trump's Brand Due to Weak Performance
The Toronto-based company, which also owns Saks Fifth Avenue and Lord & Taylor, will phase out the brand at its namesake chain and website this fall, a spokeswoman said in a statement Friday.
The BoF Podcast: Inside Stitch Fix, Everlane and Beautycon’s California-Based Businesses
Three of the most followed founders and entrepreneurs in fashion and beauty — Stitch Fix’s Katrina Lake, Everlane’s Michael Preysman and Beautycon’s Moj Mahdara — discuss their California-based businesses.
Meghan Markle's Aritzia Wardrobe Drives Shares
Shares of the Vancouver-based fashion retailer touched a 52-week high on Thursday.
ASOS Confident on Profit Guidance Despite Slowing Sales Growth
The British retailer announced it was on track to make analysts' forecasts for full year profit, although sales growth for its latest trading period came in short of market expectations.
How Zalando Is Fighting Off Amazon and Building the Spotify of Fashion
Ten years ago, Robert Gentz and David Schneider founded what has become Europe’s biggest fashion e-commerce player. Now, Amazon is targeting their turf, but the duo has bigger plans: an operating system for fashion.
Why Steven Alan Entered a Licensing Deal With Jachs NY
The New York retailer is partnering with Jachs NY to bring back his classic styles while he focuses on downsizing and strengthening his own stores.
Retail Innovators: Rachel Shechtman
In a new series, BoF explores the evolution of retail in partnership with Unibail-Rodamco-Westfield. First up: Rachel Shechtman, the founder of Story and brand experience officer at Macy’s, discusses how companies should approach building experiences in retail.
Uniqlo’s $300 Million Bet on Federer
The logic behind Uniqlo’s 10-year deal with 36-year-old tennis legend Roger Federer.
The BoF Podcast: Inside the Retail Hurricane with Doug Stephens
Listen to Doug Stephens aka the Retail Prophet discuss the death of wholesale, the shift to direct-to-consumer, embracing uncertainty and how to confront Amazon.
Department Store Landlords Narrow Lease Escape Clauses
Many landlords in America are pushing to eliminate or restrict the escape clauses in the wake of mass department-store closings, causing less flexibility for the remaining tenants.
New Threat to Retail: Rising Commodity Prices
Prices of commodities have been increasing across the board. Can the apparel industry take another hit when it is already down?
THE NEWS IN BRIEF
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).
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.