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 | Fast Retailing's Overseas Push is Paying Off
The Japanese Uniqlo owner is defying retail woes, with its foreign sales push and strong domestic demand paying dividends.
Turkish Retailer Beymen to Proceed With IPO
The luxury retailer will proceed with an Istanbul listing of up to 40 percent of its capital.
French Connection Shares Rise as It Sells Stake in Toast
The UK-based group is selling its 75 percent stake in Toast to Dutch firm Bestseller for $32.9 million.
Sézane Names Nordstrom as First US Retail Partner
The digitally native French fashion brand is delving deeper into physical retail and will see its Spring collection stocked across five Nordstrom stores.
Walmart Opens High-Tech Supermarket in China
Customers will be able to use a mini programme on WeChat as they shop, and bypass traditional checkout counters by paying via their mobile device.
6 Tips for Taking Your Brand Direct-to-Consumer
A slew of wholesale-dependent brands are eager to shift their sales strategies towards direct retail — but it’s not easy.
Band of Outsiders Founder Launches New Venture
With Entireworld, Scott Sternberg aims to unite the commercial savvy of a direct-to-consumer business model with the emotion of a designer-led brand.
J. Crew Looks to Madewell for Growth After Long Slump
Though overall revenue increased just 2 percent last quarter, it jumped 32 percent at Madewell.
Walmart Bets on Tencent in China Payment War
Walmart said it had dropped Alibaba-linked Alipay after agreeing a tie-up with Tencent to use its popular WeChat payment system.
Korea’s Lightning Fast Fashion
Seoul’s awe-inspiring Dongdaemun garment district makes it hard for the likes of H&M to compete in one of Asia’s most influential fashion markets. BoF investigates the hyper-local, hyper-connected competition.
Next Clothing Margins to Shrink Amid UK Retail Woes
The company expects retail margins to fall to 10 percent from around 13 percent as a result of lower like-for-like sales.
Everlane’s Five Tactics for Winning at Physical Retail
Four months after opening Everlane’s first permanent store, chief executive Michael Preysman reveals the strategy behind the direct-to-consumer brand’s early offline success.
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.