Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Retail
Analysis and advice from the front lines of the retail transformation.
Op-Ed | 10 Must-Know Buyers in China’s Emerging Megacities
A new generation of retail power brokers are doing a roaring trade, selling niche designer and advanced contemporary brands in China’s 'new first-tier megacities.'
Harvey Nichols Aims to Lure Shoppers With New Womenswear Floor
For the past four years the British department store has been revamping its 220,000 square foot flagship store in London’s Knightsbridge. Today it unveils the latest phase of the multi-million pound project.
Walmart Rolls Out 3D Virtual Online Shopping
The announcement comes at a time when retailers are seeking technological advancements to enhance in-store and online customer experience.
Department Stores to Take Toll on John Lewis Profit
The warning comes after it reported a 22 percent drop in core profit to £289 million for its last financial year in March.
South Africa's Long4Life to Buy Fashion Retailer Rage for $287 Million
The owner of Long4Life has made a string of acquisitions, including sporting goods retailer Holdsport and beauty chain Sorbet.
Ex-Amazon Executive Tapped to Run Luxury Store Bergdorf Goodman
Neiman Marcus Group hired a former Amazon executive to run its luxury department store Bergdorf Goodman as it refocuses efforts on growing internet sales.
Walmart's Image Takes a Dive Despite Effort to Alter Narrative
The retailer’s corporate reputation has fallen for the past two years.
Creditors of House of Fraser Back Survival Plan
The department store's creditors have backed the survival plan to close more than half of its stores.
Why Digital Brands Are Invading Department Stores
Traditional retailers are bringing internet-born, direct-to-consumer brands into their stores as a way to draw millennials, creating new models for wholesale partnerships in the process.
Activist Urges the Owner of Hudson's Bay to Mimic Macy's
Activist investor Land & Buildings resumed its criticism of department store owner Hudson's Bay Co., urging it to correct its underperformance and extract value from its substantial real estate holdings.
Debenhams Issues Third Profit Warning This Year
Struggling to compete with online rivals, the British department store plunged as much as 20 percent.
Op-Ed | The Pop-Up Has Grown Up
Smart retailers are tapping into the power of the pop-up shop to study customers, test new business ideas and much more, writes Thomas S. Robertson.
THE NEWS IN BRIEF
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.
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.