Ralph Lauren’s Quarterly Revenue Forecast Disappoints, Sending Shares Down
Expectations for the brand to sustain a rapid pace of growth set a high bar, leaving investors disappointed even as its raised its annual outlook.
Retail
Analysis and advice from the front lines of the retail transformation.
Urban Outfitters Exceeds Estimates Thanks to Free People, Anthropologie
The group's shares surged 20 percent thanks to Free People and Anthropologie, despite same-store sales and the Urban Outfitters brand both posting a loss.
Op-Ed | What If Stores Charged Admission?
Retailers must charge for what consumers value: their time, argues B. Joseph Pine II.
Retail Giants Capitalise on Booming Icelandic Economy
International retailers including H&M and Costco are taking advantage of the country's growing economy and rising purchasing power.
4 Things American Department Stores Must Do to Survive
Drastic action must now be taken if US department stores are to avoid perishing at the hands of shifting consumer culture.
J.C. Penney Stocks Plummet in Latest Blow to Department Store Sector
The retailer plans to shutter 140 underperforming stores, as shares drop 17 percent following second quarter results.
Nordstrom Gains After Surprise Sales Growth Reassures Investors
The retailer's 1.7 percent sales growth, exceeding the 0.5 percent predicted by Wall Street, has renewed hope in the department-store model.
Macy's, Kohl's Renew Fears of Department Store Slump
Shares of both retailers declined on Thursday after the quarterly results failed to assure investors that a comeback was taking hold.
Payless to Emerge from Bankruptcy as Rare Survivor
The footwear company looks to expand its brick-and-mortar presence in Latin America and Asia, as it disposes of more that $400 million debt.
Op-Ed | Ralph Lauren's Department Store Dilemma
Even as Ralph Lauren wants to send less merchandise to department stores, it still needs them to be healthy businesses.
Where Brands Are Missing a Trick in China
Many Chinese cities are either oversaturated or underserved by luxury brands which must recalibrate their retail footprint on the mainland.
UK Retailers Endure Worst July in Eight Years
British shops saw a dip in sales last month, adding to evidence consumers are cutting back spending on discretionary items.
Hugo Boss Reports First US Growth in Two Years
The German brand reported better-than-expected second-quarter sales and net profit on Wednesday after a restructuring plan has seen demand pick up in China and the US.
THE NEWS IN BRIEF
Tapestry Lifts Outlook as Young Shoppers Snap Up Coach Bags
Shares rose in early trading after the company raised its revenue and profit forecasts, even as the broader luxury sector grapples with a slowdown.
Shein Invests €500 Million in Europe as Customs Rules Tighten
The online retailer said it will expand its logistics hub in Poland as it grapples with stricter customs regulations in Europe.
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.
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.