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.
How a Designer Collaboration Transformed the Business of Le Specs
The once-sleepy Australian eyewear label is on track to become a $100 million brand, thanks, at least in part, to the blockbuster — and somewhat unexpected — success of its partnership with womenswear designer Adam Selman.
Soon You May Be Renting Your Work Clothes
Rent the Runway started out catering to women wanting one night of high fashion. Now its doubling down on subscriptions for the whole work week.
Lord & Taylor to Open Virtual Storefront on Walmart.com
The partnership will boost Wal-Mart's online assortment of premium products and advance the its effort to access millennial customers who usually do not shop on Walmart.com.
For Multi-Brand Retailers, Private Label Is a Growth Driver Once Again
From Mr Porter to MatchesFashion, retailers are looking to in-house brands to drive growth in today’s data-driven market.
Fred Perry Releases Capsule With Musician Miles Kane
The collection is part of a strategy to diversify the brand's network of collaborators and attract younger, social media-savvy consumers.
J.C. Penney's Same-Store Sales Beat Estimates
The department store chain said third-quarter comparable sales rose 1.7 percent, better than the 0.6 to 0.8 percent rise it had forecast last month.
UK Retailers Suffers Worst October in a Decade says Report
Business advisory firm BDO said its monthly High Street Sales Tracker found fashion sales slumped 8 percent, as UK consumer spending power is being squeezed by inflation and wage growth falters.
China's Deliverymen Face Robot Revolution as Parcel Demand Soars
Robots are among technologies revolutionising China's vast delivery industry, which is struggling to keep pace with 50 percent annual growth in parcel volumes amid staff shortages, tight competition and declining margins.
Nordstrom Sales Hurt by Hurricanes
The department store said the natural disasters would likely hurt full-year sales by $26 million.
Retailers Slash Holiday Season Hiring as E-Commerce Takes Toll
A new report shows that seasonal retail hiring has fallen each October since 2015.
Nicholas Kirkwood Launches In-Store Creative Residencies
The footwear brand is opening the doors of its Mount Street store for creative partnerships and pop ups over the next year.
LVMH Expands Gourmet Grocer La Grande Epicerie
The new branch comes amid a wave of investment in luxury stores and hotels in the French capital by LVMH and other firms hoping to profit from a recovery in tourist traffic.
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.