Lululemon Sees Annual Revenue, Profit Below Estimates Amid Board, Demand Challenges
CEO Calvin McDonald stepped down in December following months of share price weakness and lack of design freshness.
department-stores
News & Analysis
LA Prosecutors Are Accusing Four Big Retailers of Tricking Shoppers
"The Los Angeles city attorney’s office has sued four big retailers, alleging deceptive advertising that it says misled shoppers into believing that
LA Prosecutors Are Accusing Four Big Retailers of Tricking Shoppers
"The Los Angeles city attorney’s office has sued four big retailers, alleging deceptive advertising that it says misled shoppers into believing that
News & Analysis
The Secret History of Black Santas
"America's biggest shopping mall grabbed headlines this week by hiring its first African-American Father Christmas. But black Santas have been around
The Secret History of Black Santas
"America's biggest shopping mall grabbed headlines this week by hiring its first African-American Father Christmas. But black Santas have been around
Retail
Department Stores Change Tactics as They Lose Ground to Screens
Retailers such as Macy’s Inc. and J.C. Penney Co. are preparing for the holidays by offering more exclusive products, store-in-store showrooms and in some cases cash rewards.
Department Stores Change Tactics as They Lose Ground to Screens
Retailers such as Macy’s Inc. and J.C. Penney Co. are preparing for the holidays by offering more exclusive products, store-in-store showrooms and in some cases cash rewards.
Retail
Wal-Mart Tops Earnings Estimates After Traffic, E-Commerce Grows
Wal-Mart topped third-quarter earnings estimates and boosted its annual forecast, a sign the world’s largest retailer is benefiting from its push to expand e-commerce and improve its stores.
Wal-Mart Tops Earnings Estimates After Traffic, E-Commerce Grows
Wal-Mart topped third-quarter earnings estimates and boosted its annual forecast, a sign the world’s largest retailer is benefiting from its push to expand e-commerce and improve its stores.
Retail
Will Luxury Streetwear Get Millennials Into Department Stores?
BoF examines how luxury department stores are teaming up with urban labels like Kith and Off-White to tap millennial spending and open new sales channels.
Will Luxury Streetwear Get Millennials Into Department Stores?
BoF examines how luxury department stores are teaming up with urban labels like Kith and Off-White to tap millennial spending and open new sales channels.
Retail
Capitalising on Canada’s Fashion Moment
‘The Great White North’ has never felt more culturally relevant and luxury retailers have taken note. But how real — and big — is the opportunity?
Capitalising on Canada’s Fashion Moment
‘The Great White North’ has never felt more culturally relevant and luxury retailers have taken note. But how real — and big — is the opportunity?
Retail
Handbag Brands Reduce Product Lines as Luxury Demand Wanes
Retailers are increasingly opting to differentiate themselves from competitors by introducing fewer new lines.
Handbag Brands Reduce Product Lines as Luxury Demand Wanes
Retailers are increasingly opting to differentiate themselves from competitors by introducing fewer new lines.
Retail
Why Are Department Stores So Scared of Halloween?
Consumer spending on Halloween will hit $8.4 billion this year, yet many department stores and fashion retailers are ignoring the opportunity.
Why Are Department Stores So Scared of Halloween?
Consumer spending on Halloween will hit $8.4 billion this year, yet many department stores and fashion retailers are ignoring the opportunity.
News & Analysis
Can Technology Save The Brick-and-Mortar Store?
"From robots and virtual reality to digital mirrors and beacons, the region has become ground zero for testing software designed to make shopping
Can Technology Save The Brick-and-Mortar Store?
"From robots and virtual reality to digital mirrors and beacons, the region has become ground zero for testing software designed to make shopping
Retail
Biggest India Department Store Expects Record Growth for Year
Future Group, which runs India’s largest chain of department stores, expects record growth in the current financial year as a favourable monsoon boosts agricultural output and rural incomes.
Biggest India Department Store Expects Record Growth for Year
Future Group, which runs India’s largest chain of department stores, expects record growth in the current financial year as a favourable monsoon boosts agricultural output and rural incomes.
News & Analysis
Why Macy's Store Closure Plans May Just Be The Tip of The Iceberg
"A decade ago, Macy's went on a buying spree, growing to nearly 1,000 stores nationwide. Now it's on a mission to downsize in a big way."
Why Macy's Store Closure Plans May Just Be The Tip of The Iceberg
"A decade ago, Macy's went on a buying spree, growing to nearly 1,000 stores nationwide. Now it's on a mission to downsize in a big way."
News & Analysis
Neiman Marcus Blames Fashion Bloggers for Its Sales Woes
"For years, Neiman Marcus thrived on the demand for haute couture. But now the luxury department store says the quicker speed with which a hot runway
Neiman Marcus Blames Fashion Bloggers for Its Sales Woes
"For years, Neiman Marcus thrived on the demand for haute couture. But now the luxury department store says the quicker speed with which a hot runway
The News in Brief
Puig Announces New CEO
Jose Manuel Albesa will succeed Marc Puig, becoming the first non-family member to lead the Spanish conglomerate in more than 20 years.
Spandex Maker Lycra Files for Bankruptcy After Years of Stress
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
US SEC Preparing to Eliminate Quarterly Reporting Requirement, WSJ Says
The proposal would give companies the option to share results twice a year.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.