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.
Nordstrom Lenders Demanded Interest Rate the Family Couldn't Pay, Say Sources
Nordstrom's founding family needed roughly $7 billion to take the department store private, with lenders thought to have demanded twice the average borrowing cost for typical retailers.
Op-Ed | Wall Street Wisely Makes Nordstrom Wait `Til Next Year
The Nordstrom family intends to pick up where it left off after the holidays, at which point lenders will be able to price debt with a better understanding of how the company's Nordstrom Local experiment is panning out.
Rent the Runway Introduces Lower Price Subscription Plan
At $89 per month, 'RTR Update' will aim to attract more millennial consumers to the clothing rental service.
Nordstrom Pauses Search for Buyout Partner
The Nordstrom family is no longer actively looking to close on a sale this year but will resume after the holiday season ends.
Mansur Gavriel Delves Deeper Into Physical Retail With Uptown Holiday Pop-Up
The cult label's latest outpost is part of a wider brand strategy to expand its retail footprint and bolster direct-to-consumer sales.
Supreme Said Close to Investment Deal With Carlyle Group
The skate-inflected label and longtime purveyor of ‘downtown cool’ could be close to selling a stake in the company to private equity firm The Carlyle Group, according to a report in Women’s Wear Daily.
More Bankrupt US Retailers To Stay In Business
Several creditors and investors are seeing value left in some bankrupt retailers, which might spell a slowdown in the decline in brick-and-mortar retail jobs.
Levi’s Unveils 50 Collaborations to Boost Comeback
The denim brand enlisted influencers from G-Dragon to Karlie Kloss to personalise trucker jackets as part of its efforts to grow beyond jeans — and tap today’s digitally driven youth culture.
L'Oreal To Appeal Greek Fine Over Price Fixing
The French company is to appeal its €2.6 million fine after six companies, including Estée Lauder, were fined by Greece's anti-trust commission for agreeing on retail discounts.
Amazon To Open Pop-Up Bar in Tokyo
The web retailer is going to sell beer, wine, sake and cocktails in Tokyo’s glitzy Ginza district to promote alcoholic products sold on its website in Japan.
Spain’s Political Crisis Stokes Uncertainty Over Retail Revival
The Catalan independence declaration and subsequent Spanish vote to seize control of the region threatens to put the country’s fashion momentum on pause.
What Shrinking Store Counts Say About the Luxury Industry's Future
For the first time ever, net luxury store growth over the last 12 months was negative with more closures than openings.
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.