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.
Mickey Drexler Named Chairman of Outdoor Voices
Drexler's appointment to the activewear brand's board of directors follows a $9 million convertible note led by the executive's new firm Drexler Ventures.
Sweaty Betty Taps Experience Economy
The athleisure brand's new retail outpost, in the heart of London's Soho, hopes to draw customers with an experience-led offering that includes a cafe and blow-dry bar as well as a fitness studio.
Wal-Mart to Enter Voice-Shopping Market Via Google
The American retail giant will offer hundreds of thousands of items via Google Home in a bid to keep up with Amazon's Alexa.
Coty Slides Amid Challenges Integrating P&G's Beauty Brands
Shares at the cosmetics conglomerate fall 18 percent as it struggles to blend 40 brands acquired from P&G for $12.5 billion last year.
Macy's Gains After Naming eBay Executive as President
Macy’s rose after naming former eBay senior VP Hal Lawton as president, bringing in an executive with an extensive technology background to the struggling department store giant.
More New York Retail Outlets Sought as Mall Operator Settles
Simon Property Group Inc modifies lease restrictions, allowing Woodbury Common to build shopping complexes in Brooklyn and Queens.
Swiss Watch Rebound Continues, Led by Pricier Models
Richemont shares are up 1.2 percent as exports of premium watches increase for the fourth consecutive month.
Macy's to Cut 100 Jobs in Merchandising Unit Restructure
The US retail giant expects to save up to $30 million annually as it merges three units.
Here's a Retail Job That's Still in High Demand: Data Scientist
Bricks and mortar retailers are utilising data science and analytics to tackle the threat of e-commerce.
China Accuses Luxury E-retailer of Smuggling
The founder of xiu.com faces charges of smuggling goods worth $65.5 million into the country via travellers
Dollar Stores Stand their Ground in Escalating Retail Price War
Dollar Tree Inc and Dollar General Corp, which together operate more than 28,000 stores across the US, have said they don't need to keep cutting prices to stay competitive.
Stüssy to Launch T-Shirt Retrospective at Dover Street Market
The London exhibit will explore the t-shirt’s role as a means of communication, and will feature a series of tees bearing graphics from the streetwear brand’s archive.
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.