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.
stores
Retail
Searching for the Next Barneys
American luxury retail has changed, but customers are still hungry for the special feeling only an exceptional multi-brand store can offer. Can a crop of upstarts and a few savvy incumbents succeed where others have failed?
Searching for the Next Barneys
American luxury retail has changed, but customers are still hungry for the special feeling only an exceptional multi-brand store can offer. Can a crop of upstarts and a few savvy incumbents succeed where others have failed?
Retail
The Myths and Realities of Retail’s New Normal
As the Omicron variant sweeps across the world, retailers are reckoning with an inescapable reality: Covid-19 is here to stay. BoF outlines the fundamental facts that should inform the industry’s next moves.
The Myths and Realities of Retail’s New Normal
As the Omicron variant sweeps across the world, retailers are reckoning with an inescapable reality: Covid-19 is here to stay. BoF outlines the fundamental facts that should inform the industry’s next moves.
Global Markets
Who Is Selfridges’ New Thai Owner?
Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.
Who Is Selfridges’ New Thai Owner?
Thailand’s Central Group has partnered with Austria’s Signa Holding to acquire Selfridges in one of the UK’s biggest retail deals in years.
China
How 2021 Changed China’s Fashion Market
BoF’s annual round-up of the forces that reshaped the world’s biggest fashion market over the last 12 months.
How 2021 Changed China’s Fashion Market
BoF’s annual round-up of the forces that reshaped the world’s biggest fashion market over the last 12 months.
Workplace & Talent
How Retailers Can Prevent Robberies This Holiday Season
A spate of “smash and grab” robberies and similar organised theft incidents have dealt the latest blow to retailers looking to staff up at a critical time.
How Retailers Can Prevent Robberies This Holiday Season
A spate of “smash and grab” robberies and similar organised theft incidents have dealt the latest blow to retailers looking to staff up at a critical time.
China
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
China’s Booming Luxury Market Won’t Be Smooth Sailing Next Year
As repatriation of luxury spend continues in 2022, domestic sales in China are expected to surpass 2019 levels by 90 to 110 percent, but that doesn’t mean brands can rest on their laurels amid government crackdowns and economic headwinds.
Retail
JHSF’s José Auriemo Neto on Leveraging a Permanent Shift to Local Retail
São Paulo-based retail behemoth JHSF Participações has had to strengthen its relationships with local luxury clients during the pandemic. With tenants ranging from Louis Vuitton and Christian Dior, the group’s chairman has a plan to persuade well-travelled Brazilians to keep shopping domestically.
JHSF’s José Auriemo Neto on Leveraging a Permanent Shift to Local Retail
São Paulo-based retail behemoth JHSF Participações has had to strengthen its relationships with local luxury clients during the pandemic. With tenants ranging from Louis Vuitton and Christian Dior, the group’s chairman has a plan to persuade well-travelled Brazilians to keep shopping domestically.
Retail
The 24-Year-Old Aiming to Dethrone Victoria’s Secret
Parade has a grand plan to be the ‘next big underwear brand.’ Up next: its first store.
The 24-Year-Old Aiming to Dethrone Victoria’s Secret
Parade has a grand plan to be the ‘next big underwear brand.’ Up next: its first store.
Workplace & Talent
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
The Chief Supply Chain Officer is the New C-Suite Star
Big brands are beefing up their executive ranks with experts who can ensure increasingly complex supply chains operate smoothly and sustainably.
Retail
Retailers Have Sky-High Expectations for Black Friday. Will Shoppers Show Up?
This week, everyone will be talking about Black Friday, earnings from Abercrombie & Fitch and other mall brands, plus House of Gucci
Retailers Have Sky-High Expectations for Black Friday. Will Shoppers Show Up?
This week, everyone will be talking about Black Friday, earnings from Abercrombie & Fitch and other mall brands, plus House of Gucci
Retail
How to Stage Immersive Experiences in Physical Stores
Ssense’s Krishna Nikhil and 2PM’s Web Smith talk strategies for making physical retail exciting at The BoF Professional Summit: What’s a Store For?
How to Stage Immersive Experiences in Physical Stores
Ssense’s Krishna Nikhil and 2PM’s Web Smith talk strategies for making physical retail exciting at The BoF Professional Summit: What’s a Store For?
Luxury
Selfridges’ Andrew Keith on Post-Pandemic Retail
The managing director of Selfridges discusses the future of the British department store at The BoF Professional Summit: What’s a Store For?
Selfridges’ Andrew Keith on Post-Pandemic Retail
The managing director of Selfridges discusses the future of the British department store at The BoF Professional Summit: What’s a Store For?
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.