Retail

News & Analysis

Weakened Demand at Stores Signals More Trouble for Garment Suppliers

6 July 2020 • By Reuters

6 July 2020 • By Reuters

With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year.

News & Analysis

Weakened Demand at Stores Signals More Trouble for Garment Suppliers

With retailers looking to sell old inventory and seasonless basics, new orders for factories in garment hubs like Bangladesh are down by as much as 45 percent compared to last year.

BoF Professional Exclusive

Digital Fashion Weeks Are Here: Have You RSVPed?

5 July 2020 • By Brian Baskin

BoF Professional Exclusive

Digital Fashion Weeks Are Here: Have You RSVPed?

This week, everyone will be talking about the digital haute couture and men's shows in Paris, the growing advertiser boycott of Facebook and Instagram and a second wave of retail layoffs. Get your BoF Professional Cheat Sheet.

News & Analysis

Lucky Brand Files for Bankruptcy After the Pandemic Forces Closures

4 July 2020 • By Bloomberg

4 July 2020 • By Bloomberg

The US clothing retailer, who said it will continue to operate during the Chapter 11 process, plans to sell the company to Aéropostale and Nautica owner.

News & Analysis

Lucky Brand Files for Bankruptcy After the Pandemic Forces Closures

The US clothing retailer, who said it will continue to operate during the Chapter 11 process, plans to sell the company to Aéropostale and Nautica owner.

News & Analysis

Harrods Debuts Outlet Following News of Job Cuts

3 July 2020 • By Bloomberg

3 July 2020 • By Bloomberg

The opening of the outlet comes in the same week the department store confirmed that 600 to 700 of its 4,800 employees would lose their jobs.

News & Analysis

Harrods Debuts Outlet Following News of Job Cuts

The opening of the outlet comes in the same week the department store confirmed that 600 to 700 of its 4,800 employees would lose their jobs.

BoF Professional Exclusive

Reality Check: Fashion’s Crisis Is Far From Over

3 July 2020 • By Vikram Alexei Kansara

BoF Professional Exclusive

Reality Check: Fashion’s Crisis Is Far From Over

This week, brands and retailers made a series of grim announcements as lingering hopes for a V-shaped recovery from the Covid-19 crisis evaporated.

News & Analysis

Primark’s Sales Bounce Back After Stores Reopen From Lockdowns

2 July 2020 • By Bloomberg

2 July 2020 • By Bloomberg

Even so, the fast fashion retailer expects to generate £350 million ($437 million) in operating profit this year, compared with £913 million last year.

News & Analysis

Primark’s Sales Bounce Back After Stores Reopen From Lockdowns

Even so, the fast fashion retailer expects to generate £350 million ($437 million) in operating profit this year, compared with £913 million last year.

News & Analysis

Boohoo to Investigate Supply Chain Practices After Health Report

2 July 2020 • By Reuters

2 July 2020 • By Reuters

A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.

News & Analysis

Boohoo to Investigate Supply Chain Practices After Health Report

A garment workers' rights group accused the fast fashion e-tailer of putting workers at Leicester factories at risk of coronavirus infection.

News & Analysis

Diesel CEO Seeks to Revive 90s Success With Slimmed Down Brand

2 July 2020 • By Bloomberg

2 July 2020 • By Bloomberg

Massimo Piombini plans to close stores, raise prices and expand in sneakers to revamp the denim brand.

News & Analysis

Diesel CEO Seeks to Revive 90s Success With Slimmed Down Brand

Massimo Piombini plans to close stores, raise prices and expand in sneakers to revamp the denim brand.

BoF Professional Exclusive

How to Make Your Customer Service Better

2 July 2020 • By Chavie Lieber

BoF Professional Exclusive

How to Make Your Customer Service Better

Crippled with shipment delays and mountains of returns, brands are crumbling under an influx of inquiries — and losing customers along the way. Here’s how to turn it around.

News & Analysis

Macy's Posts Nearly $4 Billion in Losses

1 July 2020 • By Reuters

1 July 2020 • By Reuters

The department store chain reported net sales fell to $3.02 billion in its first quarter following plans to layoff a further 3,900 employees.

News & Analysis

Macy's Posts Nearly $4 Billion in Losses

The department store chain reported net sales fell to $3.02 billion in its first quarter following plans to layoff a further 3,900 employees.