Gap Replaces Old Navy CEO After Bigger-Than-Expected Sales Drop
Former Target and Walmart veteran Michael Francis, known in the industry as a marketing guru, will succeed current Old Navy CEO Horacio Barbeito on Nov. 2.
Retail
Analysis and advice from the front lines of the retail transformation.
The Fashion and Management Missteps That Left Express Clinging to Solvency
The retailer has struggled to keep pace with the times and has occupied an increasingly untenable spot: not prestigious enough to compete with the luxury brands, yet too expensive to go head-to-head with rapidly growing low-cost rivals.
The Fashion and Management Missteps That Left Express Clinging to Solvency
The retailer has struggled to keep pace with the times and has occupied an increasingly untenable spot: not prestigious enough to compete with the luxury brands, yet too expensive to go head-to-head with rapidly growing low-cost rivals.
Tiger Woods Debuts New Lifestyle Brand Sun Day Red
Just over a month after announcing his split with Nike after 27 years last month, Tiger Woods is back in the golf wear game.
Tiger Woods Debuts New Lifestyle Brand Sun Day Red
Just over a month after announcing his split with Nike after 27 years last month, Tiger Woods is back in the golf wear game.
What Chanel’s Resale Win Means for the Market
This week, the French luxury giant scored a $4 million win in its closely watched lawsuit against US reseller What Goes Around Comes Around. The verdict ratchets up legal risk for resellers, making secondhand luxury ‘a more dangerous business.’
What Chanel’s Resale Win Means for the Market
This week, the French luxury giant scored a $4 million win in its closely watched lawsuit against US reseller What Goes Around Comes Around. The verdict ratchets up legal risk for resellers, making secondhand luxury ‘a more dangerous business.’
How Luxury Players Are Reviving New York’s Real Estate Market
The slew of blockbuster deals from LVMH, Kering and Prada are proving to be a bright spot in an otherwise tough commercial property market.
How Luxury Players Are Reviving New York’s Real Estate Market
The slew of blockbuster deals from LVMH, Kering and Prada are proving to be a bright spot in an otherwise tough commercial property market.
Op-Ed | With Zac Posen, Gap Needs to Avoid Repeating a Big Mistake
Gap Inc.’s bet on bringing a touch of luxury to its affordable clothing line could be a strong one, but it must be mindful not to repeat its recent mistakes in trying to force a mainstream brand onto the runway as it did with Banana Republic.
Op-Ed | With Zac Posen, Gap Needs to Avoid Repeating a Big Mistake
Gap Inc.’s bet on bringing a touch of luxury to its affordable clothing line could be a strong one, but it must be mindful not to repeat its recent mistakes in trying to force a mainstream brand onto the runway as it did with Banana Republic.
Can Pickle Make Fashion Rental Work?
The peer-to-peer rental service sidesteps some problems that have plagued Rent the Runway. But it’s not without its own complications (just ask Pickle power users’ dry cleaners).
Can Pickle Make Fashion Rental Work?
The peer-to-peer rental service sidesteps some problems that have plagued Rent the Runway. But it’s not without its own complications (just ask Pickle power users’ dry cleaners).
Chanel Wins Trademark Case Against What Goes Around Comes Around
A jury agreed that the reseller had misled consumers by promoting the luxury brand’s goods in its marketing materials and claiming that the pre-owned pieces are authentic.
Chanel Wins Trademark Case Against What Goes Around Comes Around
A jury agreed that the reseller had misled consumers by promoting the luxury brand’s goods in its marketing materials and claiming that the pre-owned pieces are authentic.
Gap Inc. Names Zac Posen Creative Director
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
Gap Inc. Names Zac Posen Creative Director
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
Pangaia’s Net Losses Surpassed $50 Million in 2022
The ‘materials science’ start-up, whose investors include funds backed by Will Smith and Leonardo DiCaprio, has struggled to sustain the momentum generated by its brightly coloured sweatsuits during the pandemic.
Pangaia’s Net Losses Surpassed $50 Million in 2022
The ‘materials science’ start-up, whose investors include funds backed by Will Smith and Leonardo DiCaprio, has struggled to sustain the momentum generated by its brightly coloured sweatsuits during the pandemic.
4 Companies to Watch in This Week’s Earnings Bonanza
We’re in the thick of earnings season, with over a dozen major fashion and beauty companies reporting their quarterly and full-year results. Here’s which ones to watch out for, and why.
4 Companies to Watch in This Week’s Earnings Bonanza
We’re in the thick of earnings season, with over a dozen major fashion and beauty companies reporting their quarterly and full-year results. Here’s which ones to watch out for, and why.
Retailers Slash Prices on More Nike Sneakers in 2024, Data Shows
The trend marks a break from the past, when Nike retailers enjoyed the ability to sell through their Nike inventory at full price.
Retailers Slash Prices on More Nike Sneakers in 2024, Data Shows
The trend marks a break from the past, when Nike retailers enjoyed the ability to sell through their Nike inventory at full price.
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
The New H&M CEO’s Challenges: Wrong Product, Pricing and Channels.
In a surprising shakeup Wednesday, the Swedish fast fashion chain promoted longtime executive Daniel Ervér to CEO. Critics say his lack of outside experience will make it all the more difficult for H&M to embark on a necessary transformation.
THE NEWS IN BRIEF
Inditex’s Primark Competitor Lefties Lands in the UK
The low-cost clothing brand opened its first UK store in Liverpool on Thursday, with shops in Newcastle and Essex due to follow later this year.
Kohl’s Turnaround Stalls as Sales Growth Stagnates
Kohl’s turnaround attempt showed some progress after the retailer raised its annual earnings outlook, but it still doesn’t see sales growth this year.
Abercrombie Sees Record Shares Jump After Guidance Lift
Abercrombie & Fitch Co. shares rallied after revenue topped estimates and the retailer raised its annual earnings guidance, suggesting the preppy apparel company is regaining momentum.
Target Shares Fall After Pulling Halloween Costume Evoking Blackface
The retailer previously sparked calls for a boycott in early 2025 after it pulled back from its diversity initiatives as Donald Trump returned to the White House.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.