Hugo Boss Cuts Outlook Citing Weak Demand, Higher Costs
The German fashion house, recently taken over by Britain’s Frasers Group, is in the midst of a second turnaround effort under CEO Daniel Grieder.
Retail
Analysis and advice from the front lines of the retail transformation.
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.
Britain's M&S to Speed up Change as Profits Fall Again
Marks & Spencer said it would accelerate the pace of its five-year turnaround plan as it reported a 5 percent fall in first-half profit.
The RealReal’s First Permanent Store Will Mix Consignment with Community
Opening in New York on Friday, the shop will feature over 400 new pieces every day, as well as valuation services, drinks and monthly installations from outside partners.
Teen Fashion Retailer Styles for Less Files for Bankruptcy
The company is the latest apparel retailer to file for bankruptcy protection following declining sales.
Op-Ed | Why Mindful Millennials Are Modern Pagans
The ancient human need to explain the vastness of the universe through storytelling and mythology is what’s driving millennial consumer culture today in the US, argues Maggie Montagna and Mortimer Singer.
Oxford Street May Get the Upgrade It Needs
The proposal to pedestrianise London’s busiest shopping street could result in a significant bump in foot traffic, but more work will need to be done in order to burnish the chaotic destination’s reputation.
UK Retail Sales Weaken as Cash-Strapped Consumers Hold Back
UK retail sales fell the most in seven months in October as annual growth in household spending slowed its weakest in more than a year.
Target Offers Free Shipping on Holiday Orders
The move matches electronics seller Best Buy Co. and proves that the most contested battleground for retailers this holiday season is the so-called last mile — getting products to customers’ door.
Fashion’s Hottest Brands and Top Selling Products in Q3
In the latest Lyst Index, Virgil Abloh’s Off-White rockets up 31 spots to become the third-hottest fashion brand behind Balenciaga and Gucci.
West Coast Favorite Jenni Kayne Opens First Store in New York
The expansion coincides with the launch of home goods this autumn, as well as an overall business shift towards direct-to-consumer sales.
THE NEWS IN BRIEF
Ye Announces ‘Yeezy Season 01’ Runway Show in Los Angeles
The show will unveil the brand’s first-ever flagship store and mark Ye’s first full-scale runway presentation in four years.
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.
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.