Gap Sales Miss Expectations After Old Navy, Athleta Fall Short
The brands Gap and Banana Republic beat comparable sales estimates.
real-estate
Luxury
Can the Champs Élysées Reinvent Itself?
The famous Paris shopping avenue has had a tough time of late, but luxury brands are still willing to commit.
Can the Champs Élysées Reinvent Itself?
The famous Paris shopping avenue has had a tough time of late, but luxury brands are still willing to commit.
News & Analysis
Can London’s Oxford Street Weather a Perfect Storm?
Empty stores, online competition, punitive business rates, over-spaced retailers and Brexit-nervous consumers: one of the world’s most competitive fashion retail environments is being squeezed from all sides — and learning to innovate.
Can London’s Oxford Street Weather a Perfect Storm?
Empty stores, online competition, punitive business rates, over-spaced retailers and Brexit-nervous consumers: one of the world’s most competitive fashion retail environments is being squeezed from all sides — and learning to innovate.
News & Analysis
Saving America's Most Illustrious Stretch of Retail Real Estate
Madison Avenue used to be one of the most popular places to shop in the world. Now, after brands such as Calvin Klein and Proenza Schouler have exited, landlords are struggling to find tenants to replace them.
Saving America's Most Illustrious Stretch of Retail Real Estate
Madison Avenue used to be one of the most popular places to shop in the world. Now, after brands such as Calvin Klein and Proenza Schouler have exited, landlords are struggling to find tenants to replace them.
Retail
New York Doubles Down on Tracking Empty Storefront Problem
Business owners across the city have increasingly been forced to close up shop amid soaring rents and competition from e-commerce companies, but just how pervasive is the problem? Local lawmakers are keen to find out.
New York Doubles Down on Tracking Empty Storefront Problem
Business owners across the city have increasingly been forced to close up shop amid soaring rents and competition from e-commerce companies, but just how pervasive is the problem? Local lawmakers are keen to find out.
News & Analysis
Zara Founder's Real Estate Assets Increase
Amancio Ortega, Europe's richest man and founder of retailer Inditex, had commercial property assets worth nearly $11 billion at the end of 2018.
Zara Founder's Real Estate Assets Increase
Amancio Ortega, Europe's richest man and founder of retailer Inditex, had commercial property assets worth nearly $11 billion at the end of 2018.
News & Analysis
Why Roberto Cavalli Is Being Bought By a Dubai Real Estate Developer
Vision Investment, an entity controlled by the founder and chairman of Damac, will provide the funding to back the company’s stymied turnaround strategy.
Why Roberto Cavalli Is Being Bought By a Dubai Real Estate Developer
Vision Investment, an entity controlled by the founder and chairman of Damac, will provide the funding to back the company’s stymied turnaround strategy.
Retail
Why Browns Is Closing Its London Flagship and Moving Around the Corner
The London luxury boutique plans to shutter its iconic South Molton Street location and reopen on Brook Street in 2020.
Why Browns Is Closing Its London Flagship and Moving Around the Corner
The London luxury boutique plans to shutter its iconic South Molton Street location and reopen on Brook Street in 2020.
News & Analysis
The Rise and Fall (And Rise Again?) of L.A.'s Famed Robertson Boulevard
"Robertson went from being the hottest street in L.A. retail, with packed sidewalks and lines of people waiting to shop at Kitson or get into the Ivy
The Rise and Fall (And Rise Again?) of L.A.'s Famed Robertson Boulevard
"Robertson went from being the hottest street in L.A. retail, with packed sidewalks and lines of people waiting to shop at Kitson or get into the Ivy
News & Analysis
Karl Lagerfeld-Designed Apartments Aimed at Taiwan's Ultra-Wealthy
A Taipei-based developer is hoping the late Chanel creative director will give them an edge over competitors, appealing to an ageing generation of multimillionaire business owners.
Karl Lagerfeld-Designed Apartments Aimed at Taiwan's Ultra-Wealthy
A Taipei-based developer is hoping the late Chanel creative director will give them an edge over competitors, appealing to an ageing generation of multimillionaire business owners.
Retail
The Week Ahead: Who Will Survive the Retail Apocalypse?
This week, everyone will be talking about the accelerating pace of store closures, opening day for the Shops at Hudson Yards and Brexit's surprising upside for some retailers. Read our BoF Professional Cheat Sheet.
The Week Ahead: Who Will Survive the Retail Apocalypse?
This week, everyone will be talking about the accelerating pace of store closures, opening day for the Shops at Hudson Yards and Brexit's surprising upside for some retailers. Read our BoF Professional Cheat Sheet.
Retail
Why Hudson Yards Is High Stakes for Fashion
With 1 million square feet of stores and restaurants, the New York mega-project will be one of the biggest showcases of modern brick-and-mortar retail in the world.
Why Hudson Yards Is High Stakes for Fashion
With 1 million square feet of stores and restaurants, the New York mega-project will be one of the biggest showcases of modern brick-and-mortar retail in the world.
Luxury
LVMH Plans London Hotel and New Flagship in Experiential Push
BoF has learned that the French luxury group has plans for a Cheval Blanc hotel and associated restaurants, a spa and a flagship store that appears intended for Hedi Slimane’s Celine on Grafton Street in London’s Mayfair.
LVMH Plans London Hotel and New Flagship in Experiential Push
BoF has learned that the French luxury group has plans for a Cheval Blanc hotel and associated restaurants, a spa and a flagship store that appears intended for Hedi Slimane’s Celine on Grafton Street in London’s Mayfair.
The News in Brief
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.
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.