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.
Supermarket Chain Kroger Launches Fashion Line
In a bid to compete with Amazon and Wal-Mart, the largest US supermarket chain is launching an apparel line.
Hudson's Bay Gets 'Unsolicited' Offer for Galeria Kaufhof
HBC reported Karstadt owner Signa has put in an "an incomplete, non-binding and unsolicited offer" to buy its main European asset, German department-store chain Galeria Kaufhof.
Michael Kors Hopes to Win Customers with Experiences
Michael Kors’ turnaround plan hinges on making its customers feel like they’re being personally dressed by its namesake designer — even if they aren’t.
Clare V Introduces First Fragrance
The Made-in-LA lifestyle label enters the beauty space with “Angie,” a locally produced scent.
Barneys New York Unveils Holiday Windows Designed by the Haas Brothers
Chief executive Daniella Vitale outlines the new, politically charged direction of the specialty retailer’s world famous windows amid a challenged year for luxury sales in the US.
Russia’s Luxury Market on the Mend
The country’s luxury market has recovered after two difficult years, helped mainly by domestic demand and rising sales to tourists, which will get a boost from a ‘tax-free’ scheme scheduled to come into force around February next year.
Burberry Plots Life After Bailey
Christopher Bailey is set to leave Burberry after 17 years, making way for a new chapter in the brand’s creative strategy.
The Psychology of Designer Handbags
Alexandra Shulman reflects on why shoppers invest so much emotionally and financially in one of the luxury industry's most powerful products.
Anya Hindmarch Enters the Home Space With Candles
The British accessories designer extends her tongue-in-cheek sense of humour to home fragrance with the launch of candles that smell like coffee and suntan lotion.
What American Department Stores Can Learn From the Success of Selfridges
The British retailer reported record results last year, with double-digit increases in both sales and operating profits.
JC Penney Shares Tumble 25 Percent
The company's stock drop followed its prediction of losses in the third quarter, renewing the sense that department stores are losing ground to e-commerce.
Nordstrom Doubles Down on Discount Format
As retail woes deepen, the department store chain looks to revive what was once its long-time bright spot: Nordstrom Rack.
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.