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.
Inditex Said to Seek $472 Million for 16 Stores
The world’s biggest clothing retailer is seeking a buyer for 16 Zara stores, as online purchasing takes off in Spain.
The Retail Apocalypse Is Fuelled by No-Name Clothes
Private-label attire in aggregate is now a bigger seller in the US than any single apparel brand.
Macy's Executive Chairman Lundgren to Retire in January
Jeff Gennette, who has been CEO of the US retailer since March, was widely expected to become chairman as part of a succession plan announced in June last year.
Alibaba Redraws Retail Fault Lines With Bricks-And-Mortar Push
Alibaba spends over $10 billion in offline push looking to create retail net over consumers in a bid to compete with Amazon.
Sears Gains After Investor Asks Chain to Consider Going Private
Though Memento is a relatively small investor in Sears, the idea of going private brought a spark of optimism to the battered stock on Thursday. It climbed as high as $4.50 in premarket trading.
Surging Online Orders Slow Walmart Delivery Network
The backlog reflects the degree to which Walmart, UPS and other companies struggled to handle peak e-commerce volumes, despite months of preparation and major investments to expand and upgrade distribution facilities.
Walmart to Change Name, Reflecting Shift From Bricks to Clicks
The tweak reflects how customers commonly refer to the company, and supports its aim to serve customers both in physical stores and online.
Mulberry Posts Flat First Half Group Revenues
The company has lowered prices over the past two years to go back to its roots as an "affordable luxury" label, after an ill-fated attempt to go more upmarket, and is developing its business in Japan.
Miuccia Prada’s ‘Blueprint for the Future’
Prada’s co-chief executive officer and lead creative director speaks to Tim Blanks as the Italian fashion house prepares to launch a major new store in Miami, set to serve as a template for the future.
Macy's to Hire 7,000 More Workers on Brisk Seasonal Demand
The company — challenged by the rise of e-commerce and rapidly changing consumer preferences — is betting that a strong performance during the year-end shopping season will help spark a turnaround.
Amid ‘Retail Apocalypse,’ The Future of Commerce Is Community
In a world where traditional retail is dying, stores must embrace communal experiences, explained retail futurist Doug Stephens on stage at #BoFVOICES. Watch now.
Colette’s Sarah Andelman Reveals Next Move
On the #BoFVOICES stage, Colette's Sarah Andelman announced her next move following the closure of the beloved Parisian concept store: a new consulting company called Just An Idea. Watch now.
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.