Pandora Nudges Up Outlook, Speeds Up Launches
The jeweller edged up its near-term revenue and profitability targets as efforts to keep the brand affordable pay off.
Retail
Analysis and advice from the front lines of the retail transformation.
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.
Disruptive Sneaker Brand Greats Partners with Nordstrom
The direct-to-consumer footwear label enters the wholesale game for the first time in a deal with the American department store.
Nordstrom Shares Drop on Report That Its Buyout Deal Is Losing Support
Shares fell as low as $44.01 in premarket trading on Monday, as the Nordstrom family struggle to amass the financing needed for the buyout.
How to Save the Mall
Developers of premium shopping centres are reducing their dependence on fashion retail and doubling down on food, wellness and other lifestyle offerings.
Neiman Marcus and the Cautionary Tale of Toys R Us
The decline of the debt-laden American toy store chain does not bode well for the luxury department store giant.
H&M Profits Tumble After Summer Discounts Hurt Margins
Pretax profit fell 20 percent for the three months to August 31, as young shoppers purchasing online leaves vast quantities of unsold inventory in stores.
Op-Ed | Nike Needs to Address Its Growing Product Problem
Nike seems to have lost some of its magic, as sales in its North American division fall 3 percent.
Op-Ed | Amazon's Aesthetic Paradox: Pretty vs Profitable
For fashion and luxury brands, taking an all-or-nothing approach to Amazon is not a good long-term strategy, argues Richie Siegel.
Kohl's CEO Kevin Mansell to Retire, As Merchandising Chief Steps Up
Michelle Gass, who brought Under Armour into the company's stores, will replace Mansell when he retires in May after 35 years.
Holiday Sales Forecasts Indicate Strong Season for Retailers
Deloitte said it expects holiday sales to grow 4 percent to 4.5 percent over last year's shopping season.
French Connection's Profit Falls After Stores Close
Gross profit fell to £31.1 million for the six months to July 31, as the British retailer closes seven stores in 12 months.
Huishan Zhang To Open First Flagship Store on London's Mount Street
Zhang means business with his first brick-and-mortar store, which will be neighboured by the likes of Céline, Balenciaga and Christopher Kane.
THE NEWS IN BRIEF
M&S Sales Recovering After Last Year’s Cyber Attack
Sales and profit from clothing and homeware remain below two years ago but ‘brand is in good health.’
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.
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.