Fashion Startup Founder Pleads Guilty in $300 Million Fraud
Christine Hunsicker admitted she falsified financial statements to promote CaaStle Inc. as a valuable, growing business when in reality it was struggling.
Toronto, Canada
Technology
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
At Tulip, Analysing Omnichannel Data to Transform the Shopping Experience
The mobile retail technology solutions firm digitises the in-person retail experience, enabling data to be shared across a business, creating insights that equip retailers with the tools to respond to evolving consumer behaviours.
Retail
How an Exodus from Cities Will Reshape Retail
The work-from-anywhere revolution will accelerate the coming of a post-digital age for shopping, argues Doug Stephens of Retail Prophet.
How an Exodus from Cities Will Reshape Retail
The work-from-anywhere revolution will accelerate the coming of a post-digital age for shopping, argues Doug Stephens of Retail Prophet.
Retail
Canada Goose Expects Little Revenue in Current Quarter
Sales fell nearly 10 percent to C$140.9 million in the fourth quarter ended March 29.
Canada Goose Expects Little Revenue in Current Quarter
Sales fell nearly 10 percent to C$140.9 million in the fourth quarter ended March 29.
Retail
Canada Goose Lays Off 125 Workers
The outerwear brand has cut 2.5 percent of it global workforce in a bid to mitigate the financial losses caused by the pandemic, just months after suspending the long-term outlook for the year.
Canada Goose Lays Off 125 Workers
The outerwear brand has cut 2.5 percent of it global workforce in a bid to mitigate the financial losses caused by the pandemic, just months after suspending the long-term outlook for the year.
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Retail
On the Frontlines of Retail There Are No Heroes, Only Victims
Most retail workers are woefully underpaid, stripped of rights and treated as interchangeable parts in a global retail machine, writes Doug Stephens of Retail Prophet.
On the Frontlines of Retail There Are No Heroes, Only Victims
Most retail workers are woefully underpaid, stripped of rights and treated as interchangeable parts in a global retail machine, writes Doug Stephens of Retail Prophet.
Marketing
Why Branding Matters Now More Than Ever
As the coronavirus crisis deepens, companies are slashing advertising budgets but branding never goes on pause, writes Doug Stephens of Retail Prophet.
Why Branding Matters Now More Than Ever
As the coronavirus crisis deepens, companies are slashing advertising budgets but branding never goes on pause, writes Doug Stephens of Retail Prophet.
Retail
Canadian Brands Hope to Cash In on the 'Meghan Effect'
Experts speculate that the Sussexes’ move to North America could bolster the country’s fashion industry by spotlighting homegrown labels.
Canadian Brands Hope to Cash In on the 'Meghan Effect'
Experts speculate that the Sussexes’ move to North America could bolster the country’s fashion industry by spotlighting homegrown labels.
Retail
Do Stores That Don't Sell Anything Really Work?
Canada Goose's new store has a simulated avalanche, but no coats to buy. Will its bet on experiential retail pay off?
Do Stores That Don't Sell Anything Really Work?
Canada Goose's new store has a simulated avalanche, but no coats to buy. Will its bet on experiential retail pay off?
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Retail
In Brands We Trust: Why Companies Are the New Communities
Brands have a powerful opportunity to fill the void in belonging and meaning left by the decline of religion and eroded faith in government.
In Brands We Trust: Why Companies Are the New Communities
Brands have a powerful opportunity to fill the void in belonging and meaning left by the decline of religion and eroded faith in government.
Retail
Canada Goose Earnings Exceed Wall Street Expectations
The Toronto-based company reported a 27.7 percent jump in revenue to $222.2 million.
Canada Goose Earnings Exceed Wall Street Expectations
The Toronto-based company reported a 27.7 percent jump in revenue to $222.2 million.
News & Analysis
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Canada Goose Misses Margins on Higher Sales of Less Profitable Clothes
As the luxury apparel maker sold more of its light-weight spring season clothes, which are not as profitable as its $1,000 parkas, quarterly gross margins missed estimates.
Retail
The Most Important Metric in Retail
Retail’s most important metric is something most retailers aren’t even paying attention to.
The Most Important Metric in Retail
Retail’s most important metric is something most retailers aren’t even paying attention to.
The News in Brief
Victoria’s Secret Forecasts Its Best Year Since L Brands Split
The underwear company is anticipating net sales of at least $6.85 billion in the current fiscal year, exceeding analyst estimates and marking the highest revenue since its split from L Brands Inc in 2021.
Uniqlo Aims to Grow Tenfold in India With Summer-Centric Clothes
The Japanese brand is accelerating its expansion in India to capture a greater share of the rapidly growing apparel market and affluent consumer base.
Oasis Pressures Kao in Latest Japan Activist Investor Push
Activist fund Oasis Management Co. is calling on the Japanese personal care company to convene an extraordinary general meeting, seeking a probe into its supply-chain risk management and internal control.
American Eagle Forecasts Sales Growth Above Estimates on Demand From Wealthy Shoppers
The retailer surpassed annual sales forecasts but expects a $60 million drag from import tariffs in the first half of 2026.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Ross Stores Forecasts Annual Sales Above Estimates on Resilient Demand for Discounted Apparel
Spend growth at off-price chains is among the strongest in retail, with gains across all income segments.
Abercrombie & Fitch Forecasts Muted Annual Sales Amid Tariff Uncertainty
The retailer said it was accounting for the 15 percent tariff announced by US president Donald Trump after the Supreme Court struck down most of his earlier tariffs.