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.
Singapore Kicks Off Race to Tax $38 Billion Shopping Boom
The proposed e-commerce tax comes as Southeast Asian governments grapple with online retail's assault on brick-and-mortar vendors.
Union is Headed to Tokyo
The new destination will be the cult streetwear retailer's first new space in 27 years and will include exclusive collaborations with Kaws, Alyx and OAMC.
Macy's Will Be the First Major US Department Store to Sell Hijabs
The chain plans to sell a collection of modest dresses, tops, cardigans and hijabs online.
The Death of Clothing
The underlying problem of weak demand is expected to dog the apparel industry for years, meaning more store closures and more bankruptcies lie ahead — with or without Amazon.
Ralph Lauren is Traveling Back in Time to Bring Back Preppy Chic
Management has pinned its hopes on classic styles infused with technical functionality to help revitalize the brand.
The Cautionary Tale of H&M and Digital Disruption
The Swedish fast-fashion giant’s poor financial results reflect a range of woes — not least its failure to adapt to a digital world.
Op-Ed | H&M’s Monkey Ad: Racist, Tone Deaf or Just Plain Stupid?
Large companies can't afford to be tone deaf or culturally naïve in a global and digitally connected world, argues Jette Kristiansen.
H&M's Store Closures to Surge as Retailer Shifts Strategy
The number of store closures by H&M will surge to the highest level in at least two decades, as customers abandon physical stores and increasingly shop online.
H&M's Biggest Profit Drop in Six Years Puts CEO Under Pressure
H&M's drop in profits adds pressure on chief executive Karl-Johan Persson, who is trying to right the ailing clothing chain after recent slip-ups.
Walmart in Talks to Buy Minority Stake in India's Flipkart
Sources say Walmart could buy a 15 percent to 20 percent stake in Amazon.com Inc's main competitor in India.
Asos UK Revival Shows Online Retailers Escaped Store Gloom
The UK’s largest online-only fashion retailer, who experienced a rebound in domestic growth over the holiday season, profited at the expense of its store-based rivals.
Tom Ford to Show Men’s at New York Fashion Week
BoF's guide to the changing fashion calendar tracks new operating models and approaches, brand by brand.
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.