Business of Fashion

• newHere’s Who Is Hiring in Fashion: North America
  We collate every job opportunity now live on BoF Careers for applicants seeking work in North America and share exclusive insights and insider tips from hiring managers at Altuzarra.
  - 2 hours ago, 17 Jan 21, 10:00pm -
• newSilvia Venturini Fendi on What Is ‘Normal’ Right Now
  BoF’s editor at large talks with the designer about antisocial voyeurism, colour as ‘vitamins’ — and an unexpected collaborator.
  - 3 hours ago, 17 Jan 21, 9:36pm -
• newSurreal Times at Prada — And in Fashion
  There was more of a symbiosis in this men’s collection than was evident in Miuccia Prada and Raf Simons’ first outing together for womenswear.
  - 4 hours ago, 17 Jan 21, 7:59pm -
• newFashion Leaves the Trump Years Behind
  This week, everyone will be talking about the incoming Biden administration, plus Prada and the rest of the men’s shows in Milan and Paris. Get your BoF Professional Cheat Sheet.
  - 16 hours ago, 17 Jan 21, 8:30am -
• newReport: British Retailer Next, US Hedge Fund Tipped to Lead Topshop Bid
  Bidding for the high-street retailer, expected to fetch more than $270 million, ends tomorrow, according to a report by The Sunday Times.
  - 17 hours ago, 17 Jan 21, 7:34am -
• At Zegna, Pure Cinema
  For all the staginess of the presentation, the collection itself was rooted in the daily routines that have reshaped our lives. It was kind of fabulous, full of clothes that were seductively simple.  
  - 2 days ago, 15 Jan 21, 10:00pm -
• US Clothing Retail Sales Declined 12 Percent in December
  
  - 2 days ago, 15 Jan 21, 5:53pm -
• Amazon Workers to Hold Mail Union Vote Starting in February
  The date has been set for a closely watched referendum on the relationship between the largest online retailer and the employees who pack and ship its products.
  - 2 days ago, 15 Jan 21, 4:07pm -
• Barneys New York Is Now Inside Saks After Bankruptcy
  The retailer reopens in New York after an eleven-month absence from the city.
  - 2 days ago, 15 Jan 21, 3:27pm -
• Ginny Wright Appointed CEO of Audemars Piguet North America
  
  - 2 days ago, 15 Jan 21, 12:52pm -

Business Insider: Retail

• newA Poshmark seller nabbed over $12,000 by buying stock in the company's successful IPO. Here's how she did it. (POSH)

  

  Summary List PlacementTiffany Wood, 30, has been a Poshmark seller since December, 2015, spending an average of about 30 minutes a day on the site.Thanks to Thursday's spectacular IPO, Wood and her husband are among the Poshmark users making money…
  - 11 hours ago, 17 Jan 21, 1:30pm -
• newAs retailers like Sephora begin delivering on diversity pledges, experts say 'much remains to be seen' about the industry's newest efforts to help minority-owned businesses

  

  Summary List PlacementWhile a slew of retailers have made public declarations to improve diversity and inclusion across their companies, experts say there is still significant work to be done to push pledges beyond lip service to make lasting chang…
  - 13 hours ago, 17 Jan 21, 11:20am -
• newAmericans have turned to melatonin to soothe pandemic-induced stress. Experts worry high demand, little federal oversight, and insufficient data leave the industry ripe for scams.

  

  Summary List PlacementAlex Goris has been taking melatonin every night for the last six months.Goris, a 22-year-old lab technician in Salt Lake City, said his stress over getting exposed to coronavirus at work was keeping him from getting enough s…
  - 17 hours ago, 17 Jan 21, 7:45am -
• The Future of Retail: Online Checkout

  

  Summary List PlacementAs the growth of e-commerce sales continues to outpace brick-and-mortar, having a seamless online checkout process is more crucial than ever.Online checkout has become inundated with payment options and data entry points, whic…
  - 1 day ago, 16 Jan 21, 8:01pm -
• Waterbeds used to be a $2 billion industry, but memory-foam mattresses helped cause their downfall

  

  Summary List PlacementFollowing is a transcript of the video. Announcer: Wouldn't you rather spend your evening in a waterbed? For a limited time, $189.99.Girl: Daddy, can I have a waterbed? Please, Daddy, can I have a waterbed?Narrator: Remember w…
  - 1 day ago, 16 Jan 21, 5:23pm -
• Nestle recalls more than 760,000 pounds of Hot Pockets because they might contain bits of plastic and glass

  

  Summary List PlacementNestlé Prepared Foods is recalling about 762,615 pepperoni Hot Pocket products because they may contain "pieces of glass and hard plastic," the USDA said. The problem was discovered when Nestle received four consumer compla…
  - 1 day ago, 16 Jan 21, 12:43pm -
• Restaurants are buying less food than before the pandemic as they struggle to stay afloat

  

  Summary List PlacementRestaurants nationwide spent significantly less on food and other supplies last year as the coronavirus pandemic forced many eateries to temporarily shut down and host fewer in-store customers, new data shows. Around 40,000…
  - 2 days ago, 16 Jan 21, 9:52am -
• How Walgreens, CVS, Kroger, and other retailers plan to leverage tech, convenience, and public trust to get the chaotic mass vaccine rollout back on track

  

  Summary List PlacementOn Tuesday, the daily COVID-19 death toll in the United States hit a record at 4,327. On Thursday there was a glimmer of hope — the long-awaited COVID-19 vaccine finally hit retail stores. And on Friday, President-elect Joe…
  - 2 days ago, 16 Jan 21, 9:42am -
• Taco Bell fans are demanding the chain bring back Mexican Pizza after announcing the return of potatoes. Here's why a top Taco Bell exec says not to give up hope.

  

  Summary List PlacementTaco Bell cut the Mexican Pizza from menus back in November, but some fans now have renewed hope that it might come back soon.The Mexican Pizza was one of more than a dozen items cut from Taco Bell's menu in 2020, alongside o…
  - 2 days ago, 16 Jan 21, 9:12am -
• Logistics startup Fabric has raised $136 million to build shipping warehouses in unused real estate like retail stores and gyms

  

  Summary List PlacementWhen people think of fulfillment centers, they likely envision massive warehouses in industrial parts of major cities. But robotics and micro-fulfillment startup Fabric is focused on creating much smaller spaces for retailer…
  - 2 days ago, 16 Jan 21, 8:00am -

Crain's New York: Retail

• newRead the latest issue of Crain’s New York Business online

  

  Not a subscriber? Sign up today for $1 downTo view the full story, click the title link.
  - 19 hours ago, 17 Jan 21, 5:00am -
• The startup with thousands of electric vehicles and hundreds of collisions

  

  When New York locked down last March, Kurt Yaeger was among those in the city who had to go on working. A neurosurgery resident, he didn’t feel comfortable climbing into an Uber and filling his lungs...To view the full story, click the title link.
  - 2 days ago, 15 Jan 21, 2:59pm -
• Biden plan could rescue states and cities from pandemic’s financial toll

  

  President-elect Joe Biden’s $1.9 trillion relief plan would provide a major financial rescue for states and cities, eliminating the need for deep budget cuts that would weigh on the recovery and...To view the full story, click the title link.
  - 2 days ago, 15 Jan 21, 2:52pm -
• As the city staggers on, cost to lives and livelihoods keeps rising

  

  Times Square is quiet, Broadway is dark, offices are empty.As New York City staggers though January, the cost of this pandemic, both in lives and livelihoods, just keeps rising.Caseloads remain...To view the full story, click the title link.
  - 2 days ago, 15 Jan 21, 2:31pm -
• Investors accuse partners of backdoor Netflix deal that deprived them of $106M

  

  The former minority owners of a Brooklyn studio space now leased by Netflix did a double take in 2019 when they found out the video-streaming giant had taken space at the site and the deal was tied...To view the full story, click the title link.
  - 2 days ago, 15 Jan 21, 2:13pm -
• McGuire and Yang shake up fundraising for public finance mayoral candidates

  

  The latest campaign finance numbers for the New York City mayoral race paint a picture of haves and have-nots among a crowded field of candidates. The announcement from Ray McGuire’s campaign that...To view the full story, click the title link…
  - 2 days ago, 15 Jan 21, 1:04pm -
• Barneys New York is back after bankruptcy—now inside Saks Fifth Avenue

  

  Barneys New York is finally returning to its hometown after the pandemic delayed its post-bankruptcy revival plans.The retailer, which for decades was a mainstay of the city’s retail scene, opens...To view the full story, click the title link.
  - 2 days ago, 15 Jan 21, 12:53pm -
• City will run out of vaccines next week

  

  Mayor Bill de Blasio said the city will run out of vaccines by next week due to supply shortages.“I’m telling you at this rate, there will not be any doses available in New York by next week,” de...To view the full story, click the title li…
  - 2 days ago, 15 Jan 21, 12:46pm -
• JPMorgan ends pandemic year with 42% jump in earnings and plans for nationwide expansion

  

  JPMorgan Chase wrapped up the pandemic year with a 42% jump in quarterly earnings and released $3 billion in reserves in a sign the nation’s largest bank believes the damage done by Covid-19 is...To view the full story, click the title link.
  - 3 days ago, 15 Jan 21, 11:28am -
• Mamdani looks to address 'failures of capitalism' in Assembly

  

  As only the third Muslim to serve in the state Assembly—and the first South Asian man elected to any office in New York City—Zohran Mamdani is ready to make an impact. The 29-year-old is riding high...To view the full story, click the title link…
  - 3 days ago, 15 Jan 21, 8:00am -

Financial Times: Luxury 360

• LVMH names new team to run Tiffany
  Luxury goods leader closes its biggest-ever acquisition after acrimonious fight over price
  - 11 days ago, 7 Jan 21, 11:21am -
• Future of luxury: A look at the year ahead
  High-end consumer goods proved remarkably resilient in 2020 — but the Covid-19 crisis is reshaping the sector in lasting ways
  - 18 days ago, 31 Dec 20, 12:00am -
• Gucci targets China’s post-Covid luxury surge with Alibaba tie-up
  Luxury brand previously said it would not work with country’s ecommerce groups because of fakes
  - 31 days ago, 18 Dec 20, 6:15am -
• Remo Ruffini shows Moncler is more than just puff with €1bn Stone Island deal
  Italian owner plots new path for the luxury puffer jacket brand that he rebuilt
  - 31 days ago, 18 Dec 20, 12:00am -
• Tiny dancers: how mini jewels became huge news
  Playful, versatile and liberating – the diamond has been downsized to magnificent effect
  - 32 days ago, 16 Dec 20, 11:55pm -
• Spain’s Puig aims to double revenue by 2023
  Family-held luxury group says its growing size means fourth generation will not take helm
  - 40 days ago, 9 Dec 20, 6:50am -
• Richemont’s Chloé names Gabriela Hearst creative director
  Collections of Uruguayan-born designer are made primarily from recycled materials, signalling sustainable push by Swiss luxury group
  - 41 days ago, 7 Dec 20, 2:20pm -
• Permira to buy stake in high-end auction site
  Private equity firm invests €150m in online marketplace for classic cars and artworks
  - 42 days ago, 6 Dec 20, 11:00pm -
• Balenciaga’s big rethink
  With a new show schedule and selling season, the Kering brand is one of a handful of fashion power players leading the charge for industry change
  - 45 days ago, 4 Dec 20, 4:00am -
• Marchetti moves from Yoox Net-a-Porter chief executive to chairman
  Geoffroy Lefebvre named CEO as competition from brand websites and online marketplaces stiffens
  - 48 days ago, 30 Nov 20, 12:44pm -

Financial Times: Retail

• newBringing Brooks Brothers back from the brink
  The starchy American brand has a chance to regain its former glory under new ownership. Here’s 10 ideas for success
  - 18 mins ago, 18 Jan 21, 12:00am -
• newUK warehouse investment hits record high as shoppers shift online
  Institutional shareholders pile into sector as Covid increases appeal of ecommerce infrastructure 
  - 1 hour ago, 17 Jan 21, 11:00pm -
• newMondi pins its hopes on ecommerce
  Packaging group expects that demand for office paper will never recover to pre-pandemic levels
  - 17 hours ago, 17 Jan 21, 7:00am -
• newBritain’s necessary but insufficient battle on modern slavery
  Until groups have more reason to worry about supply chains, the gap between words and deeds will be large
  - 18 hours ago, 17 Jan 21, 6:00am -
• Big Meat: facing up to the demands for sustainability
  Consumers and investors are looking at the environmental damage the industry has done and calling for change
  - 1 day ago, 17 Jan 21, 12:00am -
• From skinheads to the stock market: how Dr Martens went mainstream
  Valuation of £3bn-£4bn would trigger tenfold return for private-equity backer Permira
  - 1 day ago, 17 Jan 21, 12:00am -
• Latest fundraising values Deliveroo at more than $7bn
  Private financing boost for food delivery app ahead of long-awaited stock market debut
  - 1 day ago, 16 Jan 21, 7:04pm -
• Canada’s Couche-Tard ends €16.2bn takeover talks with Carrefour
  Last-minute intervention by Quebec’s economy minister fails to win round French government
  - 1 day ago, 16 Jan 21, 2:13pm -
• Anti-smoking group accused of serving interests of tobacco industry
  Former employee suing US foundation argues support for vaping is a boost for cigarette makers
  - 2 days ago, 16 Jan 21, 6:00am -
• Scoreboard: Golf’s reckoning with Donald Trump has come
  This week in the business of sport: financial crisis at New Zealand Rugby spark Silver Lake deal talks, New York seeks to legalise sports betting, and more.
  - 2 days ago, 16 Jan 21, 4:00am -

IBT: Retail & Consumer Goods

• South Korea Investigates 9 Samsung Executives On Suspicion Of Insider Trading Before C&T Deal
  South Korean financial regulators announced Friday that they were investigating nine executives from Samsung suspected of participating in insider trading during a merger of two subsidiaries. The probe began after the country’s stock exchange repo…
  - 4 Dec 15, 7:08am -
• Ab InBev, SABMiller To Spin Off Premium Brands To Ease Antitrust Concerns In Europe
  Anheuser-Busch InBev, the world’s largest beer brewer by volume, said it will look for buyers for SABMiller Plc’s European beer brands, including Peroni and Grolsch, to address regulatory concerns about their proposed 73.5 billion-pound ($110 bi…
  - 3 Dec 15, 7:39am -
• Coca-Cola Funded Anti-Obesity Nonprofit GEBN Shuts Down After Allegations Of Coke's Involvement
  The Global Energy Balance Network (GEBN), a nonprofit organization funded by the Coca-Cola Co., said on its website late Monday that it will discontinue its operations. The announcement comes four months after it was revealed that the Atlanta, Georg…
  - 1 Dec 15, 4:10am -
• Staples-Office Depot Deal May Be Blocked Again By US Antitrust Watchdog On Pricing Concerns
  The U.S. antitrust regulator may block Staples Inc.’s takeover of smaller rival Office Depot Inc., according to a New York Post report, citing two people familiar with the matter. The watchdog may ask for further concessions from Staples before a…
  - 1 Dec 15, 3:15am -
• National Blackout 2015: Can Black Twitter Shut Down Holiday Shopping Season?
  Yaa Asante Waa, a black community activist in New York City, stood in the heart of Harlem over the weekend to see how many African-American shoppers would remain true to their social media pledges to shop less or not at all during Black Friday promot…
  - 30 Nov 15, 4:20pm -
• Watch Amazon's Video Look At Its Drone Service, Amazon Prime Air
  If you’ve ever wondered what the drone-filled future of shopping might look like, you might want to take a look at Amazon's first video of Amazon Prime Air. The e-commerce giant published a YouTube video on Sunday showing how an Amazon drone might…
  - 29 Nov 15, 7:33pm -
• Thanksgiving, Black Friday Desktop Sales Rise, While Brick And Mortar Sales Slide
  For a second consecutive year, Americans spent a huge amount of time -- and money -- sitting in front of their computers on Turkey Day. ComScore reported that desktop e-commerce on Thanksgiving Day totaled $1.096 billion, the second consecutive year…
  - 29 Nov 15, 5:21pm -
• Small Shops See Uptick In Customers Despite Lack Of Small Business Saturday American Express Incentives
  In the wake of Black Friday, small shops and retailers were getting the attention on Saturday as United States consumers came out for Small Business Saturday -- a shopping holiday conceived by American Express in 2010. The day has become a way for s…
  - 28 Nov 15, 5:57pm -
• Small Business Saturday: American Express Cuts Credit Incentives For Shopping Locally
  Black Friday, Small Business Saturday, Cyber Monday – there’s a shopping day for everything at this time of year. But this year’s sixth annual Small Business Saturday will be missing one key factor: incentives for American Express credit card h…
  - 27 Nov 15, 7:18pm -
• Wall Street Closes Flat Black Friday, With Disney And Retailers Weak
  (Reuters) — U.S. stock indexes ended little changed in light trading Friday, with consumer stocks falling as investors fretted over early reports on the U.S. holiday shopping season and Walt Disney Co.’s subscriber losses weighing on the market.…
  - 27 Nov 15, 4:23pm -

Mornginstar: Retail Sales

• Hong Kong May retail sales fall 0.1 pct yr/yr
  June 29 (Reuters) - May retail sales data (percent change from a year earlier): ________________2015_______________ ___2014____ May Apr Mar Feb Jan Dec Nov Value: -0.1 -2.1^ -2.9 14.8 -14.5 -4.0 4.2 Volume: 4.6 2.5^ 0.8 18.1 -13.8 -1.4 7.6 ^ Revised…
  - 29 Jun 15, 4:47am -
• Wall Street climbs after retail sales data; healthcare up
  (Reuters) - U.S. stocks climbed on Thursday as retail sales data lifted the outlook for consumer spending and as healthcare shares gained.
  - 11 Jun 15, 5:15pm -
• Stocks, dollar gain on strong U.S. retail sales
  NEW YORK (Reuters) - Global equity markets rose on Thursday on optimism over still testy Greek debt talks and on strong U.S. retail sales, which lifted the U.S. dollar and bolstered expectations the Federal Reserve will raise interest rates this year…
  - 11 Jun 15, 3:24pm -
• WRAPUP 3-Strong U.S. retail sales boost growth outlook
  WASHINGTON, June 11 (Reuters) - U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam.
  - 11 Jun 15, 1:01pm -
• WRAPUP 1-U.S. retail sales jump in May, brighten growth outlook
  WASHINGTON, June 11 (Reuters) - U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam.
  - 11 Jun 15, 9:11am -
• U.S. retail sales jump in May, brighten growth outlook
  WASHINGTON, June 11 (Reuters) - U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam.
  - 11 Jun 15, 8:36am -
• U.S. retail sales jump in May, brighten growth outlook
  WASHINGTON, June 11 (Reuters) - U.S. retail sales surged in May as households boosted purchases of automobiles and a range of other goods even as they paid a bit more for gasoline, the latest sign economic growth is finally gathering steam.
  - 11 Jun 15, 8:30am -
• Indonesia's April retail sales grow 22.4 pct y/y - cbank survey
  JAKARTA, June 9 (Reuters) - Indonesia's annual retail sales in April grew at a faster pace of 22.4 percent, bolstered by information and communication equipment as well as food, beverages and tobacco, a Bank Indonesia survey showed on Tuesday.
  - 9 Jun 15, 4:20am -
• Morningstar Minute: How to Interpret Retail Sales
  The retail sales report can be an early-warning sign for recessions, but we are still waiting to see if the current slowdown is related to weather or a true dip in demand, says Morningstar's Bob Johnson.[0:00:03] ... our analyst team. Bob Johnson: We…
  - 4 Mar 14, 10:00am -
• Tele-Surveying China Retail Sales
  We are concentrating on providing services for investment corporations who are seeking opportunities to invest  in China.  We research public companies that have significant market share in China.   Professional Retail Sales Tele-Surveying  1:…
  - 23 Jun 13, 2:28am -

The Guardian: Retail

• new'Hate-wear' and 'sadwear': fashion's new names for lockdown dressing
  NYT and Esquire coin terms for the ways people are expressing frustration through clothesCoronavirus – latest updatesSee all our coronavirus coverageWith online sales booming but retail in sharp decline, the pandemic has changed shopping for ever.…
  - 12 hours ago, 17 Jan 21, 12:43pm -
• newNext consortium in pole position to buy Philip Green's Topshop empire
  Arcadia, which employed 13,000 staff in 500 outlets when it collapsed, up for auctionA consortium that includes high street giant Next is thought to be in pole position to buy Sir Philip Green’s Topshop empire out of administration.Arcadia, which e…
  - 12 hours ago, 17 Jan 21, 12:20pm -
• Spanish snow storm leads to UK salad shortage
  Lettuce and tomato supplies hit by Storm Filomena, piling extra pressure on retailers and suppliers January is a month when Britons turn to salads after the Christmas blowout. But now, on top of the disruption caused by Brexit and Covid, even the wea…
  - 3 days ago, 15 Jan 21, 11:06am -
• Wales to introduce new Covid risk assessments for shops and workplaces
  Government acts amid concerns some businesses are not taking restrictions seriously enoughCoronavirus – latest updatesSee all our coronavirus coverageLaws are to be introduced in Wales to make supermarkets, shops and workplaces more Covid secure am…
  - 3 days ago, 15 Jan 21, 7:15am -
• UK edges towards double-dip recession as GDP falls 2.6%
  Second national Covid lockdown in November ends six months of growth but decline not as bad as fearedThe UK economy has edged towards a double-dip recession after official figures confirmed a renewed slump in November fuelled by the second national c…
  - 3 days ago, 15 Jan 21, 2:11am -
• Boohoo requires an agent of change to help with its makeover | Nils Pratley
  An independent chairman should be a minimum demand in the fashion’s retailer’s reform effortsIs everything now tickety-boo at Boohoo? Certainly there was no sign of a consumer boycott after last year’s revelations of shoddy practices in clothin…
  - 3 days ago, 14 Jan 21, 4:00pm -
• Tesco posts record Christmas sales; US jobless claims jump – as it happened
  Rolling coverage of the latest economic and financial newsLatest: Mick Fleetwood in royalty dealMore Americans file for unemployment support965k initial claims filed last week....plus 284k PUA claimsEarlier:German economy shrank 5% last yearLike-for-…
  - 4 days ago, 14 Jan 21, 12:10pm -
• Boohoo sales spiked in run-up to Christmas despite poor working practices concern
  Clothing retailer’s sales jump 40% as Leveson notes ‘change agenda’ of firm still has ‘long way to go’Sales at Boohoo jumped 40% in the run-up to Christmas as shoppers shrugged off the association of the online company with poor working con…
  - 4 days ago, 14 Jan 21, 11:05am -
• We'll be back, vows Primark after predicting £1bn sales hit
  Sales projected to dive in main UK and European markets as Covid restrictions keep stores closedPrimark has said lockdown store closures will mean missing out on more than £1bn in sales, but said it was confident of a resurgence after the Covid cris…
  - 4 days ago, 14 Jan 21, 10:59am -
• Christmas on the UK high street: where did shoppers spend their money?
  Tesco, Lidl, Asos and Just Eat all increased sales but Primark, Greggs and M&S struggledThe crucial pre-Christmas trading period for retailers was disrupted in 2020 by stop-start coronavirus restrictions, which forced shops selling non-essential item…
  - 4 days ago, 14 Jan 21, 9:11am -

WWD: Retail