Mango Turns to Adaptable Clothing
In the face of climate change, the Spanish fashion retailer is focusing on transitional pieces and adaptable clothing to help customers cope with changing weather patterns.
Christian Dior Pulls the Plug on HK Fashion Show
Christian Dior has postponed its Men’s Fall fashion show in Hong Kong, landing a blow to the city who is trying to revive it’s former status as Asia’s World Ciy.
The Demise of The Body Shop
It’s a sad day for eco-friendly and sustainable beauty, as The Body Shop has officially gone into administration and made a plan to close multiple shops in the UK and Germany, leaving in limbo stores in France, Sweden, and Austria.
VF Downgraded by S&P
VF Corp has been downgraded by S&P after posting negative sales growth for the second quarter in a row. Vans is leading sales decline for VF, but the pressure to offload other underperforming brands is mounting, and activist investors are pushing for not just “non-core divestitures”, but also aggressive cost-cutting.
MyTheresa Sees Strong Growth in Q2
Online luxury retailer MyTheresa is staying strong through the industry’s upheaval and spree of mergers and acquisitions.
Net sales grew by 8.3% in Q2, with the US market exceeding performance expectations, which indicates the return of American aspirational consumers
Target’s New Brand: Dealworthy
Persistently high inflation has pushed retailers to innovate on how to not only keep their existing customers, but also winning new ones. Whilst some brands have chosen to go the shrinkflation route, Target has decided to introduce a new private label brand, and to revamp Up and Up, their USD 3 billion brand.
The Magnificent 7 + 1
Abercrombie & Fitch crashes the so-called “Magnificent 7’ party. The retailer is outperforming most tech stocks, and downright putting stocks like Apple and Tesla to shame.
11 Digitally Native Retailers Risking Bankruptcy in 2024
DTC brands under bankruptcy watch. Rent the Runway is still expected to fail this year, and brands such as Peloton and Beyond Meat are also being closely monitored by financial investors after several rounds of layoffs.
Retailers risking bankruptcy in 2023
Supply chain disruptions, interest rate hikes, high inflation, political uncertainty, and the war in Ukraine have transformed consumers’ preferences and purchasing behavior, putting retailers already under strain at risk of bankruptcy.