Business of Fashion

• newFarfetch Sales Soared as Online Shopping Took Off During Lockdowns
  The fashion marketplace sold record levels of merchandise and cut down on its losses as lockdown luxury customers pivoted online.
  - 26 mins ago, 14 Aug 20, 1:30am -
• newHow to Connect With the Luxury Consumer Post-Pandemic
  BoF sits down with Quintessentially’s Group Chief Executive Annastasia Seebohm to hear how luxury expenditure has evolved, and to discover how brands should innovate their consumer engagement strategies to gain competitive advantage in our new real…
  - 36 mins ago, 14 Aug 20, 1:20am -
• newThe BoF Podcast: Lily Cole on Why the Fashion System Needs Reform Now
  The model and activist speaks with BoF Founder and Editor-in-Chief Imran Amed about the lessons she learnt while writing her new book Who Cares Wins.
  - 13 hours ago, 13 Aug 20, 1:00pm -
• newTapestry Beats Quarterly Sales Estimates
  The Coach owner's net sales fell to $714.8 million, beating analyst forecasts of $663.4 million.
  - 18 hours ago, 13 Aug 20, 8:21am -
• newHow Fashion Can Tap Into China’s Latest TV Craze
  Hit programmes are a powerful way for brands to appeal to China’s 900 million internet users, but the mass marketing approach won’t pay off for everyone. Which brands are in position to benefit most?
  - 18 hours ago, 13 Aug 20, 7:50am -
• newPower Moves | CFDA Names New President, PVH Corp Hires New Chief Human Resources Officer From Nike
  This week, the Council of Fashion Designers of America promoted CaSandra Diggs to president of its organisation, while PVH Corp named Julie Fuller chief human resources officer.
  - 18 hours ago, 13 Aug 20, 7:37am -
• newLive Masterclass: How to Become a Diversity and Inclusion Change Agent
  What does it take to actually increase diversity and deepen inclusivity in fashion? In this special BoFLIVE masterclass, diversity and inclusion expert Dr Derrick Gay outlines best practices and pitfalls in fostering a more equitable industry.
  - 18 hours ago, 13 Aug 20, 7:37am -
• Now That Everyone Has Sweatpants, What Else Do They Want to Buy?
  Everyone knows that loungewear is having a moment. BoF breaks down three other booming, fashion-adjacent categories — and how the industry is moving to capture some of the spend.
  - 1 day ago, 13 Aug 20, 1:30am -
• IED Launches New Masters in Textiles
  Grounding a creative and strategic education in Made in Italy craftsmanship, the course will focus on design, innovation and sustainability.
  - 1 day ago, 13 Aug 20, 1:20am -
• Tapping Into the Future of Physical Retail — Download the Case Study
  In the age of e-commerce, defining the role of the store is as daunting as ever. But a brick-and-mortar experience is vital to brand building. A store is still the most important touchpoint between consumer and product, and the right interaction coul…
  - 1 day ago, 12 Aug 20, 9:00pm -

Business Insider: Retail

• newA California appeals court just ruled that Amazon is legally liable for defective products sold on its site by third parties (AMZN)

  

  An appeals court in California ruled Thursday that Amazon is legally liable for defective products sold on its site by third parties.The court said Amazon "was pivotal in bringing the product," a defective replacement laptop battery, to a customer,…
  - 8 hours ago, 13 Aug 20, 5:53pm -
• newCoronavirus has created less of a need for 'cold hard cash' as Americans move to contactless payments

  

  Since the coronavirus pandemic has discouraged any unnecessary contact, 54% of Americans surveyed have concerns about touching cash, with many Americans making the switch to contactless payment.While "it will take years before the U.S. resembles As…
  - 9 hours ago, 13 Aug 20, 5:22pm -
• newOutdoor giant REI planned a lush new headquarters complete with real campfires, but it's going up for sale before it has a chance to open

  

  REI is abandoning its brand-new corporate campus in bid to save money and encourage remote work among its employees. The co-op now plans to have multiple "headquarters" locations throughout the Seattle area and expects more employees to work from…
  - 9 hours ago, 13 Aug 20, 4:51pm -
• newBudweiser and Coca-Cola's sponsorship of the giant Sturgis motorcycle rally undercuts their COVID-19 advertising strategies, which emphasize social distancing

  

  Brands like Budweiser, Coca-Cola, Harley-Davidson, and PepsiCo are sponsoring this year's Sturgis Motorcycle Rally, as they have in years past.That contrasts with many of their own ads about staying home and staying safe to prevent the spread of th…
  - 10 hours ago, 13 Aug 20, 3:54pm -
• newNordstrom's Anniversary Sale starts now for Nordstrom cardholders — here's what you need to know and what deals are worth checking out

  

   The Nordstrom Anniversary sale is an event we look forward to every year. Early access to the Nordstrom Anniversary sale has already begun for cardholders.Everyone else can shop deals starting on August 19.See more: Here's how to gain early ac…
  - 10 hours ago, 13 Aug 20, 3:46pm -
• newCoach is dramatically cutting back on the number of handbags, shoes, and clothes it sells amid changing shopper habits

  

  Coach is cutting its product assortment in half for the upcoming holiday season. Todd Kahn, president and interim CEO of Coach, said that the cost-saving cuts would be to the "least relevant, the least productive" items. Parent company Tapestry…
  - 11 hours ago, 13 Aug 20, 3:00pm -
• newThe Future of Retail: Online Checkout

  

  As 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, which leads to poor e-comm…
  - 12 hours ago, 13 Aug 20, 2:05pm -
• new6 delivery-only restaurants that customers probably don't realize are owned by massive chains such as Chili's, Chuck E. Cheese, Applebee's, and Dog Haus

  

  Virtual restaurants are invisible, but their numbers are growing during the pandemic.They are delivery-only brands that seem to be local restaurants or separate chains, but are owned by and operated out of the kitchens of giant chains.Some are mor…
  - 12 hours ago, 13 Aug 20, 1:46pm -
• newStein Mart announces it will close all 279 of its stores just one day after the off-price retailer filed for Chapter 11 bankruptcy

  

  All of Stein Mart's 279 stores are closing for good, a group of liquidators announced on Thursday.The off-price retailer filed for Chapter 11 bankruptcy on Wednesday."We are encouraging shoppers to take advantage of Stein Mart's abundant assortmen…
  - 12 hours ago, 13 Aug 20, 1:34pm -
• newWeeks after saying it removed Boogaloo products, Amazon is still listing patches and t-shirts promoting the far-right, extremist group

  

  Amazon's marketplace lists products associated with the Boogaloo Bois, a far-right extremist group.The company said that it removed Boogaloo-related products after a BBC report flagged their presence in late July.Amazon's third-party seller policy…
  - 13 hours ago, 13 Aug 20, 1:17pm -

Crain's New York: Retail

• newState Labor Department ready for a second pandemic surge

  

  New York’s labor commissioner says the state is ready to rapidly ramp up its unemployment system again in case the pandemic surges and the economy must shutter once again.The coronavirus pandemic...To view the full story, click the title link.
  - 10 hours ago, 13 Aug 20, 4:21pm -
• newReal unemployment rate is nearly 33%, report says

  

  Nearly a third of the city is unemployed, according to a new report out Thursday.In the aftermath of the pandemic, unemployment ballooned to 32.7% in June and stayed that high in July, according...To view the full story, click the title link.
  - 10 hours ago, 13 Aug 20, 3:26pm -
• newState approves decade-low 1.8% rate increase in individual health insurance market

  

  The state Department of Financial Services said Thursday it would allow insurers selling health plans to individuals to raise their rates by only 1.8% on average for 2021.The increase is the...To view the full story, click the title link.
  - 11 hours ago, 13 Aug 20, 3:00pm -
• newSteiner Studios to develop 500K sf Brooklyn production hub

  

  Steiner Studios has scored a deal with the city to develop a new film and television production hub spanning 500,000 square feet in Sunset Park.The facility, which will be on the Made in New York...To view the full story, click the title link.
  - 12 hours ago, 13 Aug 20, 2:03pm -
• newManhattan DA candidate vows to get to the root of real estate corruption

  

  A former top Manhattan prosecutor now vying to the lead the department she left under controversy is pledging to crack down on corruption in real estate and construction if she wins.Diana...To view the full story, click the title link.
  - 12 hours ago, 13 Aug 20, 1:46pm -
• newTaxi commission fails to regulate Uber and Lyft under two-year-old city law

  

  The city’s taxi enforcement agency known for its heavy hand with drivers has neglected to implement a two-year-old law aimed at helping yellow taxis compete with Uber and Lyft as the ride-hail apps...To view the full story, click the title link.
  - 12 hours ago, 13 Aug 20, 1:41pm -
• newCity finances need more oversight, DiNapoli says

  

  New York state Comptroller Thomas DiNapoli spoke to Crain's on Wednesday about what can be done to alleviate the state and city budget crunches. He also talked about the state pension plan, a $200...To view the full story, click the title link.
  - 14 hours ago, 13 Aug 20, 12:24pm -
• newSenators propose plan for compensation of college athletes

  

  A group of Democratic senators led by New Jersey’s Cory Booker is pushing for a “College Athletes Bill of Rights” to allow compensation and health-care coverage for the players who power a $16...To view the full story, click the title link.
  - 14 hours ago, 13 Aug 20, 11:57am -
• newMortgage rates rise from a record low with 30-year at 2.96%

  

  Mortgage rates rose for the first time in three weeks, while holding close to the record lows that have juiced up the U.S. housing market.The average for a 30-year loan climbed to 2.96% this week,...To view the full story, click the title link.
  - 14 hours ago, 13 Aug 20, 11:34am -
• newTrump, Pelosi place diverging bets on economy and stimulus blame

  

  Nancy Pelosi and Donald Trump are putting down opposing wagers on where the economy is headed and who voters will blame if it goes south.The two sides are at least $1 trillion apart on another...To view the full story, click the title link.
  - 15 hours ago, 13 Aug 20, 11:15am -

Financial Times: Luxury 360

• Top cameras for holiday shots
  Convert your iPhone to a DSLR or buy the real thing if you Leica…
  - 1 day ago, 12 Aug 20, 8:10pm -
• How to collect vintage Cartier watches
  Warhol loved them. Steve McQueen wore one. Now vintage examples are hot property again
  - 3 days ago, 11 Aug 20, 8:18am -
• Why it’s time to sport an all-black watch
  This season’s monochrome models are the opposite of bling
  - 3 days ago, 11 Aug 20, 6:58am -
• Investors target pandemic-afflicted stocks as lockdown lifts
  Travel and leisure companies are among the top trades for retail investors as debate rages over a second wave of infections
  - 14 days ago, 31 Jul 20, 6:02am -
• Rich People’s Problems: I can’t complain
  Lockdown has blunted my ability to demand better
  - 14 days ago, 31 Jul 20, 12:00am -
• Luxury industry: top-down fashion
  Do not read too much into the latest figures
  - 15 days ago, 30 Jul 20, 11:30am -
• Kering blunts profit hit but warns future demand is baffling
  Gucci owner sees signs of improvements and says sales benefiting from ‘revenge buying’
  - 16 days ago, 28 Jul 20, 3:12pm -
• Essential kit for a water sports weekend
  From smart swim goggles to triathlon-ready wetsuits – indulge your inner adventurer and splash out on these accessories
  - 17 days ago, 28 Jul 20, 2:00am -
• LVMH profits fall worse than expected as virus hits sales
  Luxury leader’s biggest brands such as Louis Vuitton hold up better than smaller ones
  - 18 days ago, 27 Jul 20, 1:09pm -
• Diamonds and Dutch masters: what the wealthy are buying
  Jewellers, auction houses and property agents report a brisk business in rare gems, autographed trainers and $19m Hamptons homes during Covid-19
  - 18 days ago, 27 Jul 20, 12:00am -

Financial Times: Retail

• newBillionaire’s gaming group in high-stakes skyscraper gamble
  Critics say Crown Resorts’ luxury Sydney casino development risks becoming white elephant
  - 6 hours ago, 13 Aug 20, 7:30pm -
• newTravellers from France added to UK quarantine list
  Arrivals face 14 days of isolation from 4am on Saturday, prompting fears of a rush to get home
  - 8 hours ago, 13 Aug 20, 5:39pm -
• new‘Unacceptably low’ funeral care slammed by UK watchdog
  Providers told to be clearer about pricing and service but CMA stops short of more radical reform
  - 10 hours ago, 13 Aug 20, 4:15pm -
• newNew Look launches second debt-for-equity swap
  Fashion group will wipe out £440m of debt and seek turnover-based rents
  - 13 hours ago, 13 Aug 20, 12:58pm -
• newInvestors should disembark the good ship Tui or brace for long haul
  Tour group needs equity issue to steady ship; sunlight is no salve for undertakers’ ailments
  - 13 hours ago, 13 Aug 20, 12:45pm -
• newBrits splashing out on Rolexes boosts Watches of Switzerland
  Increased demand from UK consumers has partly offset fall in tourist numbers in London and airports
  - 15 hours ago, 13 Aug 20, 10:47am -
• newAnger over US single malt whisky tariffs in aircraft subsidy dispute
  UK trade secretary vows to step up efforts to have levy removed as sector says she is being ‘inexplicably slow’
  - 16 hours ago, 13 Aug 20, 9:58am -
• newTour operator Tui considers disposals after racking up €2.3bn loss
  German group also mulls rights issue and does not expect business to return to normal until 2022
  - 20 hours ago, 13 Aug 20, 6:22am -
• newCarlsberg warns of profit fall and suspends share buyback
  Danish brewer flags renewed risk of lockdowns in China and increased spending on marketing
  - 21 hours ago, 13 Aug 20, 5:01am -
• newGVC profit fall cushioned by surge in online gambling
  Owner of Ladbrokes Coral suspends interim dividend over risk of further lockdowns
  - 22 hours ago, 13 Aug 20, 3:48am -

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

• newAdverts for jobs related to internet sales surge by 46% in early August
  ONS says employers increased demand for staff across the UK and in all areas of the economyA surge in demand for people to work in sectors closely associated with internet shopping is behind a rise in online job adverts, according to official figures…
  - 12 hours ago, 13 Aug 20, 2:22pm -
• newNearly 300 workers test positive at M&S sandwich supplier in Northampton
  Greencore started testing staff after local rise in coronavirus casesCoronavirus – latest updatesSee all our coronavirus coverageAlmost 300 workers have tested positive for coronavirus following an outbreak at a factory in Northampton that makes M&…
  - 12 hours ago, 13 Aug 20, 1:27pm -
• newNew Look plans second rescue restructure in 18 months
  Retailer at risk of collapse with loss of 12,000 jobs if landlords do not agree to deal on rentNew Look has put itself up for sale and is planning its second rescue restructure in less than 18 months as it tries to trim rents and cut debt after a slu…
  - 13 hours ago, 13 Aug 20, 1:25pm -
• newFootfall in London's West End down by two-thirds on last year
  Mayor Sadiq Khan says city faces ‘existential threat’ from coronavirus pandemicThe looming crisis facing cities in the wake of the Covid-19 pandemic has been underlined by new data that shows the number of people on London’s West End shopping s…
  - 16 hours ago, 13 Aug 20, 10:00am -
• Dr Martens repays UK furlough cash after strong lockdown sales
  Sales of footwear brand rose nearly 50% and group profits almost doubledCoronavirus – latest updatesSee all our coronavirus coverageDr Martens has repaid its furlough cash to the government as a result of strong trading during the lockdown.The 60-y…
  - 1 day ago, 12 Aug 20, 2:04pm -
• Asos cheers City with second profit upgrade in a month
  After early hit by coronavirus, fashion store beats forecast as market price rises by rise 6%Coronavirus - latest updatesSee all our coronavirus coverageAsos has upgraded profit expectations for the second time in just over a month, saying sales had…
  - 2 days ago, 12 Aug 20, 7:47am -
• Mike Ashley's Frasers Group delays results for second year running
  Company formerly called Sports Direct says it needs more time to complete this year’s accounts following chaotic announcement in 2019Mike Ashley’s Frasers Group has delayed its annual results presentation for the second year running saying it nee…
  - 2 days ago, 11 Aug 20, 3:00pm -
• Tim Cook joins the billionaire club as Apple nears $2tn valuation
  Apple has thrived under Cook’s leadership with the iPhone X and a move into subscription TVApple chief executive Tim Cook has joined the billionaire club as the iPhone maker is poised to become the US’s first $2tn company.Apple’s performance ha…
  - 3 days ago, 11 Aug 20, 7:37am -
• Debenhams ready to cut 2,500 jobs in new blow to high street
  Beleaguered retailer says trading remains slow after reopening 124 storesDebenhams is to cut a further 2,500 jobs in its department stores and warehouses in the latest blow to hit the high street.The beleaguered retailer, which currently employs 14,5…
  - 3 days ago, 11 Aug 20, 7:03am -
• UK consumer spending approaches levels last seen before coronavirus
  Sunny weather and reopening of shops boost sales, but GDP figure expected to confirm recessionCoronavirus – latest updatesSee all our coronavirus coverageSunny weather and the reopening of non-essential shops across most of the UK has fuelled an in…
  - 3 days ago, 10 Aug 20, 7:01pm -

WWD: Retail