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.
Primark Prospers in Holiday Season
Brexit-squeezed UK consumers are shifting their spend from department stores to discount chains.
Nordstrom, the Last Great American Department Store?
What was once a humble regional chain is now, to some, the great hope of multi-brand shopping in the US. But is Nordstrom’s fun-loving, high-low merchandising strategy enough to withstand the retail apocalypse?
Zalando to Spend to Build Market Share This Year
The German online fashion retailer reported a recovery in fourth-quarter earnings, with sales rising to between €1.323 billion and €1.345 billion.
Restructuring and Redundancies at Paul Smith
Can the British brand known for its quirkiness and smart tailoring make good on its turnaround plan?
Woolworths Falls as Australia's David Jones Clothing Sales Slow
Revenue increased by 2.5 percent in the second half of 2017, compared with 6.7 percent the previous year, while stock slumped as much as 9 percent.
‘Consumer Boom’ Proves Real as Holiday Retail Tops Estimates
While sales rose 5.5 percent to $691.9 billion during the holiday months, department stores like Macy's and J.C. Penney saw their shares decline.
Op-Ed | The Ripple Effect of Walmart's Wage Hike
The retailer said it would raise the minimum hourly rate for its US workers to $11 — a move that could have ripple effects in the middle-market retail economy.
Digitising the Sales Associate
Department stores and boutiques are using new digital technologies and training to amplify one of the things that still differentiates them from online competitors: their seasoned in-store sales associates.
France Seeks to Rekindle Love of Clearance Sales
France plans to cut the length of state-regulated discount sales to stoke up flagging enthusiasm among shoppers.
Ted Baker Sales Rise Over Christmas Period
The company, which has close to 500 stores and concessions globally, said retail sales for the eight weeks to January 6 rose 9 percent.
Nordstrom Ends Rocky Year With Modest Holiday Sales Growth
The results underscore the theme other retailers have established this holiday season: Limited gains may not be enough to appease skeptical investors.
Swiss Retail in Recovery Mode as Franc Loses Shine
Switzerland’s retail market is relatively small at around $92 billion per year, but it is an important market for luxury brands in particular.
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.