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.
coronavirus
Latest News & Analysis
China
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
World’s Most Expensive Retail Rents Tumble to Decade Low in Hong Kong
Landlords in Hong Kong’s priciest retail strips are facing a wake-up call: the days of leasing stores for $1 million a month are over.
Retail
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Superdry's Revenue Falls as Virus Curbs Hit Footfall
The revenue drop came as the fashion retailer shut its shops for a second national lockdown in England.
Global Markets
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
Italy Locks Down Milan and Much of Industrial North
Unlike Italy's national lockdown in the spring, all factories will remain open.
News & Analysis
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
Luxury Giants Urge UK Chancellor to Rethink Tax-Free Shopping Ban
Follow our live blog for continuous updates from the frontlines of fashion.
ADVERTISEMENT
Sustainability
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
BoF LIVE: The Future of Fashion’s Supply Chain
How are brands and manufacturers building supply chain resilience in response to the pandemic?
Retail
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
The Fate of Formal Fashion Hangs by a Thread
The pandemic has had profound repercussions across the supply chains of suit makers and formalwear designers.
Retail
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
How Fashion Brands Are Preparing for Lockdown 2.0
Parts of the US and Europe are facing a second wave of shutdowns. This time, retailers are ready. Here’s what’s in their playbook.
Luxury
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
Mulberry Forecasts Reduced Losses on Improving Sales Trend
The group was struggling due to investment costs and a tough trading environment in its home market even before the pandemic hit.
ADVERTISEMENT
Retail
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
New York Sees 40% Bankruptcy Surge, Braces for More
The pandemic could permanently close as many as a third of the city's 230,000 businesses.
News & Analysis
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
How PVH Corp. Is Positioning Itself for Fashion’s New Normal
President Stefan Larsson shares how PVH, which reported annual revenues of $9.9 billion in 2019, is positioning itself 'to win in the new normal.'
Retail
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Sycamore Partners Bids for Ascena-Owned Ann Taylor
The retail group was struggling with dated brands and declining revenue even before the coronavirus crisis.
Retail
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
Lawmakers Call Amazon Warehouse Unsafe After Surprise Visit
Representative Rashida Tlaib tweeted a video showing Amazon workers cleaning the Romulus-based warehouse in Michigan, while she and her fellow representative Debbie Dingell waited for a tour.
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.