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.
Galeries Lafayette Turns to Art and Gourmet Food to Lure Shoppers
The upscale department store plans to open its first Italian food emporium and a three-storey food hall including seven restaurants.
Nordstrom Ends Buyout Talks With Founding Family Over Price
The family had been working since June to take the 117-year-old retailer private, but the two sides couldn’t agree on a price.
John Lewis Wants to Be the Anti-Amazon
The retailer wants to build more personalised relationships with its customers through concierge-style services, doubling down on everything it says Amazon can’t do.
Decoding Richemont's Lancel Divestment
What does the potential sale of Lancel say about the Swiss conglomerate’s fashion strategy?
Trade Rifts Are Backdrop for China TV's Shaming of Global Brands
The annual programme, which calls out companies for alleged unfair practices against consumers, has previously targeted brands like Nike.
Harvey Nichols Partners With Farfetch in Online Push
The department store will sell accessories and clothes through the platform as it looks to boost web sales and reach more customers online.
Orvis Follows Walmart and Dick's in Raising Age for Gun Sales
The outdoor retailer is tightening its restrictions and will now require shoppers to be 21 to buy shotguns.
Debenhams May Rent Out Excess Space to WeWork
As Debenhams seeks to shrink its department stores, the retailer is said to be talking to WeWork about a lease.
Sales at John Lewis Hit by Snow Storm
The snow storms that blasted Britain last week also battered the department store chain, with weekly sales slumping more than 14 percent.
Chinese Owner Plans to Sell House of Fraser Stake
Nanjing Xinjiekou plans to sell its majority stake in the troubled British department-store chain, adding to the upheaval on the UK's shopping streets.
Nordstrom Rejects Founding Family's Buyout Offer
A special committee at the retailer said the proposed price was inadequate and that it plans to terminate discussions unless the price offered was "substantially" improved.
Society Has Changed. Victoria’s Secret Hasn’t.
The lingerie behemoth is still selling sex like it was 1999 — and new competitors more attuned to today’s cultural reality are taking market share.
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.