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.
The Business of Apartment Stores
Luxury brands and retailers have been transforming stores into home-like spaces to build deeper connections with customers. Now fast-fashion is following suit.
Nordstrom Ramps Up Holiday Hiring Despite Slump
The department-store chain, which halted its search for a buyout partner earlier this month, looks to hire 13,650 workers to help meet seasonal demand.
The Hong Kong Shopping Experience Is Changing
A return to the luxury sales heyday of recent years looks unlikely.
KM20 Marks Launch of Moscow Mega Store with Off-White, Gosha and Vetements
To celebrate the Russian retailer’s new experiential 2,500-square metre space, KM20 is partnering with 14 brands on exclusive capsule collections.
Hudson Bay Company’s Richard Baker Speaks on Latest Strategic Move
The Canadian retail-real estate group’s mastermind explains why selling the historic Lord & Taylor building to WeWork Property Advisors, combined with an equity investment, will free up the company to continue executing its ‘transformation plan.'
Measuring Retail Beyond Sales Per Square Foot
As stores become experience hubs as well as points of sales, retailers and real estate owners are thinking differently about the metrics they use to measure performance.
Hudson's Bay Sells Lord & Taylor Building to WeWork to Cut Debt
WeWork will pay $850 million for the Fifth Avenue flagship, as the Canadian retail group faces pressure from investors to cut debt.
Activist Investor May Seek Removal of Hudson's Bay Company Directors
Jonathan Litt continues to push for change at the Canadian department store group, announcing he may seek the removal of several directors following the recent departure of the CEO.
Hudson’s Bay Company CEO Jerry Storch Is Leaving
Executive chairman Richard Baker will step in to lead the department store group as it continues on a cost-cutting transformation plan.
Target to Remodel More Stores as Chain Seeks Edge Over Wal-Mart
The retailer plans to revamp more than 1,000 locations by the end of 2020, part of a sweeping overhaul of its operations to compete with rivals Amazon and Wal-Mart.
LVMH to Build Cognac Stocks, Starting With More Vineyards
The French conglomerate hopes to remedy its cognac shortage by planting more grapes as hail and frost hurt recent harvests, amid increased demand for Hennessy in the United States.
Lights, Camera, Selfie!
When the store is a stage for selfies, the art of lighting is more important than ever.
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.