Business of Fashion

• newThe End of Opening Ceremony Marks the End of Shopping As We Know It
  Multi-brand stores no longer serve the purpose that they once did. Why do we need them now?
  - 4 hours ago, 23 Jan 20, 12:45am -
• newJean-Paul Gaultier Bids Fashion Farewell
  The original enfant terrible retired with a delirious smorgasbord of the androgyny, corsetry, sailor stripes, tattoos, slashed tailoring and sex he was best known for.
  - 6 hours ago, 22 Jan 20, 10:47pm -
• newValentino’s Bygone Glamour
  The general impression was a stiffness that felt less modern than the sensuous fluidity of the designs with which Pierpaolo Piccioli seduced the world two years ago.
  - 6 hours ago, 22 Jan 20, 10:26pm -
• newBurberry Faces Hong Kong Slump
  The British luxury brand saw sales in Hong Kong halve amid anti-government protests, while sales in Europe and mainland China increased.
  - 20 hours ago, 22 Jan 20, 8:13am -
• newTed Baker's Balance Sheet Blunder Worsens
  An investigation by Deloitte found the British retailer's stock was overstated by £58 million, more than double its preliminary estimate.
  - 23 hours ago, 22 Jan 20, 5:28am -
• Tim Blanks on the Haute Couture Spring/Summer 2020 Season
  Here are the latest reviews from BoF's editor at large.
  - 1 day ago, 22 Jan 20, 1:46am -
• Cos Undergoes Executive Shake-Up
  The head of H&M group’s second-biggest brand and two other senior executives are exiting in a challenging market.
  - 1 day ago, 22 Jan 20, 12:45am -
• Inside the Closet of the Future
  With the rise of rental and resale, wardrobes of the future are primed to be smaller, more temporary and filled with pieces designed to last longer.
  - 1 day ago, 22 Jan 20, 12:37am -
• Why Floral Dresses Are the Trend That Just Won’t End
  Printed dresses may not be groundbreaking, but they are a moneymaker. Here's how labels have really capitalised on the category.
  - 1 day ago, 22 Jan 20, 12:30am -
• Schiaparelli Goes Psycho-Chic
  Daniel Roseberry came closest to Schiaparelli herself with Dalí-esque doodads, and as he builds on that, the brand will truly be his.
  - 1 day ago, 21 Jan 20, 10:49pm -

Business Insider: Retail

• newTHE IN-STORE CHECKOUT REVOLUTION: How payments companies can take advantage of a $21 billion opportunity

  

  This is a preview of The In-Store Checkout Report from Business Insider Intelligence.14-Day Risk Free Trial: Get full access to this and all E-Commerce industry research reports.Although there are only a handful of autonomous checkout stores today…
  - 2 hours ago, 23 Jan 20, 2:01am -
• newTHE ONLINE GROCERY REPORT: The market, drivers, key players, and opportunities in a rising segment of e-commerce (AMZN, TGT, WMT, KR)

  

  This is a preview of a research report from Business Insider Intelligence. Current subscribers can read the report here.Online grocery growing rapidly from its small base. Its market value has doubled from 2016 to 2018, suggesting that consumers a…
  - 4 hours ago, 23 Jan 20, 12:03am -
• newThe controversial Nike Vaporfly sneaker that could get banned in the next few weeks is now a best seller on StockX

  

  A controversial Nike sneaker is becoming popular in the resale sphere. Some have claimed that the Nike Vaporfly sneaker, the shoe of choice for the man and woman who hold marathon world records, offers its wearers an unfair advantage.A ban on the…
  - 13 hours ago, 22 Jan 20, 3:49pm -
• newShoppers are abandoning store dressing rooms for their own homes, and it's sparked a wave of returns

  

  Returns hemorrhaged $309 billion in the retail industry in 2019, according to the "2019 Consumer Returns in the Retail Industry" report from returns fraud Appriss Retail.A cottage industry has risen up to help retailers cope with the rising tide of…
  - 13 hours ago, 22 Jan 20, 3:01pm -
• newExpress is closing 31 stores in 20 states this month. See if your local store is on the list.

  

  Express is closing 100 stores by 2022, including 31 stores across 20 states by the end of January 2020. Business Insider obtained the full list of Express stores closing this month, organized by state.Visit Business Insider's homepage for more st…
  - 15 hours ago, 22 Jan 20, 1:49pm -
• newImages of the 'Space Jam' Nike LeBron 17 sneaker are going viral — and it reveals how much the industry banks on hype for success

  

  Nike is reportedly dropping two pairs of "Space Jam" Nike LeBron 17 sneakers.Images of one pair, the LeBron 17 "Monstars," went viral on social media on Wednesday.Nike later confirmed that the Monstars would be released at retail on February 13 f…
  - 17 hours ago, 22 Jan 20, 11:14am -
• newUrbanStems delivers fresh, beautiful bouquets with free one-day delivery — we tried it and think it's a great Valentine's Day gift

  

   Giving flowers on Valentine's Day is a time-honored tradition, though many of us have horror stories of buying arrangements online, only for them to turn out to be mediocre bouquets in person.UrbanStems wants to close the gap, making the process…
  - 18 hours ago, 22 Jan 20, 10:48am -
• newStressed-out millennials are flocking to bars where they can throw axes at a target — here's what it's like

  

  Trendy ax-throwing bars are becoming all the rage in major cities around the US, including New York, Philadelphia, and Washington, DC."It's a really good release — it's like cheap therapy," Ginger Flesher-Sonnier, founder of Kick Axe Throwing, to…
  - 18 hours ago, 22 Jan 20, 10:43am -
• newMore than 1,900 stores are closing in 2020 as the retail apocalypse drags on. Here's the full list.

  

  Retailers have confirmed at least 1,900 store closings for 2020.Pier 1 Imports, Sears, Kmart, Forever 21, and Walgreens are among the retailers that are planning to close stores this year.Visit Business Insider's homepage for more stories.Retaile…
  - 18 hours ago, 22 Jan 20, 10:29am -
• newTHE BUY BUTTON REPORT: The introduction of SRC will turn the online retail payments industry on its head — here's how payments players can win in the new checkout landscape

  

  This is a preview of The Buy Button research report from Business Insider Intelligence.Purchase this report.Business Insider Intelligence offers even more consumer coverage with Payments & Commerce Pro. Subscribe today to receive industry-changing…
  - 18 hours ago, 22 Jan 20, 10:02am -

Crain's New York: Retail

• newBloomberg hits quarter-billion mark in campaign spending

  

  Michael Bloomberg has spent more than a quarter billion dollars on political advertising since joining the Democratic presidential race, far outpacing all other candidates.Bloomberg’s presidential...To view the full story, click the title link.
  - 12 hours ago, 22 Jan 20, 4:05pm -
• newWeWork sells its stake in women-focused coworking startup The Wing

  

  WeWork has sold its minority stake in the female-focused coworking startup The Wing, part of parent company We Co.’s efforts to refocus on its main office-sharing business.The company had been...To view the full story, click the title link.
  - 13 hours ago, 22 Jan 20, 3:29pm -
• newWeinstein trial opens, portraying the former producer as a predator

  

  Harvey Weinstein went on trial Wednesday in a landmark moment for the #MeToo movement, with prosecutors painting him as a sexual predator who used his movie-magnate stature to abuse women for...To view the full story, click the title link.
  - 14 hours ago, 22 Jan 20, 2:03pm -
• newLenox Terrace redevelopment plan teeters on collapse

  

  A long-sought redevelopment plan on the site of one of Harlem's largest residential complexes appears to be on life support. The Olnick Organization's prospect of rezoning Lenox Terrace, a...To view the full story, click the title link.
  - 15 hours ago, 22 Jan 20, 1:33pm -
• newCuomo wants quicker process for closing state prisons

  

  Gov. Andrew Cuomo is recommending a proposal that would give him the ability to close state prisons on a faster timeline.The measure is included in Cuomo's budget proposal, which was rolled out...To view the full story, click the title link.
  - 15 hours ago, 22 Jan 20, 12:59pm -
• newChelsea Terminal Warehouse redevelopment gets green light

  

  Plans to redevelop the historic Terminal Warehouse in Chelsea are moving full steam ahead.In a unanimous decision Tuesday, the city’s Landmarks Preservation Commission approved a revitalization plan...To view the full story, click the title link.
  - 16 hours ago, 22 Jan 20, 12:33pm -
• newFairway says it has 'no intention' to close all its stores

  

  Fairway, the iconic New York grocer, announced it has “no intention” to close all its stores, disputing a published report.“Fairway Market has no intention to file for Chapter 7 [bankruptcy] or...To view the full story, click the title link.
  - 19 hours ago, 22 Jan 20, 9:54am -
• newBloomberg calls for Trump's removal in new impeachment ad

  

  Democratic presidential candidate Michael Bloomberg launched a new impeachment-focused television ad Tuesday urging the Senate to remove President Donald Trump from office.The ad will run in 27...To view the full story, click the title link.
  - 19 hours ago, 22 Jan 20, 9:38am -
• newJeter elected to Hall of Fame by near-unanimous vote

  

  Known for two decades as No. 2, is now linked to the number 1—as in, who was the lone Hall of Fame voter who didn't put a check mark next to his name?Jeter came within one vote of being a...To view the full story, click the title link.
  - 20 hours ago, 22 Jan 20, 8:42am -
• newNFL's Vincent on youth participation, the right calls and bringing the Super Bowl back to NYC

  

  As the second-in-command for the country's most popular professional sports league, Troy Vincent ranks behind only Commissioner Roger Goodell in leading the NFL. No former player has ever risen...To view the full story, click the title link.
  - 20 hours ago, 22 Jan 20, 8:00am -

Financial Times: Luxury 360

• How Loro Piana serves ‘nomadic elite’ with €7,000 coats
  Italian brand prides itself on expensive garments made from the rarest of materials
  - 6 days ago, 17 Jan 20, 12:00am -
• Shandong Ruyi: confessions of a shopaholic
  Instead of becoming a global fashion powerhouse, group lacks enough cash to cover liabilities
  - 7 days ago, 16 Jan 20, 7:56am -
• Louis Vuitton snaps up world’s largest uncut diamond
  Purchase of the 1,758-carat Sewelô stone signals group’s grand ambitions in high-end jewellery
  - 7 days ago, 16 Jan 20, 12:00am -
• Chow Tai Fook looks at closing a number of Hong Kong stores
  Months of protests hit tourist numbers and spending in Asian financial hub
  - 9 days ago, 14 Jan 20, 7:15am -
• Gildo Zegna: tailoring masculinity for changing tastes
  The head of the menswear brand says family ties provide stability in difficult times
  - 39 days ago, 15 Dec 19, 12:00am -
• The latest fad in luxury dealmaking
  Welcome to Due Diligence, the FT’s daily deals briefing
  - 48 days ago, 6 Dec 19, 12:00am -
• Moncler/Kering: objects of desire
  Acquisition of quilted jacket maker would offer benefits but does not tick every box
  - 49 days ago, 5 Dec 19, 11:41am -
• Kering explores Moncler acquisition as luxury deals heat up
  Gucci-owner has held talks with Italian maker of ski suits and quilted jackets
  - 49 days ago, 5 Dec 19, 9:54am -
• LVMH: on a luxury shopping spree
  After 40 years of dealmaking, Bernard Arnault is betting on a growing global middle-class
  - 55 days ago, 29 Nov 19, 2:34pm -
• LVMH has become a luxury department store
  Bernard Arnault’s company is the modern incarnation of La Samaritaine and Neiman Marcus
  - 57 days ago, 27 Nov 19, 12:00am -

Financial Times: Retail

• newStrong Black Friday drives Asos sales growth
  Online fashion retailer shows further signs of recovery following difficult year
  - 2 hours ago, 23 Jan 20, 2:36am -
• newConflict over fertile lands threatens Nigeria’s food security
  A deadly ethnic battle sparked by cattle-herders is driving farmers from their land
  - 5 hours ago, 22 Jan 20, 11:02pm -
• newPlanting crops with trees drives ‘magical’ reforestation
  Turnaround success demonstrates key plank of sustainable farming
  - 5 hours ago, 22 Jan 20, 11:02pm -
• newClimate adviser urges overhaul of UK agriculture
  Target of net zero carbon by 2050 puts nation in ‘race against time’, says report
  - 9 hours ago, 22 Jan 20, 7:03pm -
• newPermira to sell Duff & Phelps in $4.2bn deal
  Further Global and Stone Point Capital to acquire professional services group
  - 14 hours ago, 22 Jan 20, 2:19pm -
• newSainsbury’s chief Mike Coupe to step down
  Retail and operations head Simon Roberts will take the top job in June
  - 17 hours ago, 22 Jan 20, 11:54am -
• newCan you swallow the idea of lab-grown meat?
  The notion of ‘growing’ a steak in a test tube sounds like science fiction. But our food habits change
  - 18 hours ago, 22 Jan 20, 10:43am -
• newSainsbury’s shareholders count the cost as Coupe cuts free
  Outgoing chief’s cost-cutting strategy looks likely to remain after Asda bid blocked
  - 18 hours ago, 22 Jan 20, 10:08am -
• newTed Baker says inventory overstated by £58m
  Struggling fashion chain reveals accounting blunder is double previous estimates
  - 20 hours ago, 22 Jan 20, 8:42am -
• newFender fined £4.5m for breaking UK competition rules
  Guitar maker pressured online retailers to sell its instruments at high minimum prices
  - 21 hours ago, 22 Jan 20, 7:33am -

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

• newRecord Black Friday drives Asos recovery after profit warnings
  Fashion retailer’s overall sales up 20% to £1.1bn in the four months to 31 DecemberThe online fashion retailer Asos has staged a comeback after a difficult year in which it issued two profit warnings. It credited a record Black Friday for strong s…
  - 60 mins ago, 23 Jan 20, 3:26am -
• new£15 for an M&S Yule Log that had to be eaten ... before I bought it
  Confusion over what the ‘best before’ label and the ‘use by’ label meanOn 28 December I bought a £15 Yule Log cake from M&S. It wasn’t until I got home that I noticed the label said “Best before 28 December”. Customer services insisted…
  - 2 hours ago, 23 Jan 20, 2:00am -
• newSainsbury’s departing singing executive will have hoped for better
  After five quarters of falling sales and five years at the helm, it’s time for Mike Coupe to say goodbye“There is never a good time to move on,” said Mike Coupe, but he’s wrong. Now is an ideal moment for him to leave Sainsbury’s.The failed…
  - 14 hours ago, 22 Jan 20, 2:21pm -
• newGuitar maker Fender fined £4.5m for price fixing in UK
  Firm admits to pursuing policy of restricting retailers from cutting online pricesThe guitar maker Fender has been fined £4.5m for price fixing by the UK’s competition watchdog as part of its clampdown on the musical instrument industry.The Compet…
  - 21 hours ago, 22 Jan 20, 7:46am -
• newTed Baker balance sheet error worse than feared as woes deepen
  Struggling fashion retailer’s shares fall after £58m hole in accounts revealed The struggling fashion retailer Ted Baker has admitted that an accounting error was twice as big as initially thought, leaving it with a £58m hole in its balance sheet…
  - 21 hours ago, 22 Jan 20, 7:12am -
• Sainsbury's chief executive Mike Coupe to step down in May
  The 59-year-old, who oversaw failed merger with Asda, to be replaced by Simon RobertsSainsbury’s has announced that its chief executive, Mike Coupe, will retire in May after six years in charge of the UK’s second largest supermarket chain.The 59-…
  - 1 day ago, 22 Jan 20, 3:20am -
• Aldi to become UK's 'best-paying supermarket' with wage rise
  German discounter to raise hourly rate to £9.40 and to £10.90 for staff within M25Aldi is handing UK staff a wage rise of more than 3% from next month in a move that it says will make it the best-paying supermarket, pushing rival Lidl into second p…
  - 2 days ago, 21 Jan 20, 1:19pm -
• Toy industry hit by slump 'due to Brexit and 2019 election'
  Figures released by manufacturers show overall sales dropped by 6%The UK toy industry suffered “difficult” trading conditions last year due to falling consumer confidence as a result of Brexit and the snap general election, manufacturers have sai…
  - 2 days ago, 21 Jan 20, 1:00pm -
• Sainsbury's to cut hundreds of management jobs
  Supermarket chain structural reorganisation is part of plan to save £500m in costs by 2024 Sainsbury’s is to cut hundreds of jobs in management as it presses on with the integration of Argos, which it bought for £1.4bn in 2016.In a letter to staf…
  - 2 days ago, 21 Jan 20, 12:26pm -
• Dixons Carphone mobile slump offset by TV and hairdryer sales
  Owner of Carphone Warehouse and Currys PC World benefits from 2% rise for electricalsDixons Carphone, Britain’s biggest electrical and mobile phone retailer, has suffered a further slump in mobile sales but benefited from a surge in sales of supers…
  - 2 days ago, 21 Jan 20, 6:42am -

WWD: Retail