Making Sense of Chinese New Year Sales

The New Department Store

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, FEBRUARY 5, 2021 Brands are bracing for slow Chinese New Year sales but remain confident in the long-term prospects for the country's travel retail sector. Nordstrom sees online and off-price as the key to post-pandemic growth. Tapestry beat quarterly profit estimates on higher luxury demand in China. Ralph Lauren missed third-quarter revenue estimates, sending shares down 2 percent. Dior ranked ahead of Chanel and Louis Vuitton on media impact in a Launchmetrics study. Luxury retailers are taking advantage of rent bargains in New York's Soho. Plus, Jake Barton, the founder of multidisciplinary design firm Local Projects, dissects how to use technology to connect with consumers.

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CHINA Chinese New Year Sales Hang in the Balance By Zoe Suen

Travel during China's crucial Lunar New Year holiday is expected to hit a three-decade low, but some retailers are confident they can make back the losses in the months ahead. READ MORE

RETAIL Don't Call It a Department Store By Lauren Sherman

Nordstrom chief executive Erik Nordstrom lays out a high-touch plan that plays to the retailer's strengths — but there are challenges ahead. READ MORE

Power Moves | Jeff Bezos Steps Back at Amazon, Everlane Adds Expertise READ MORE

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NEWS BRIEFS L Brands Names New CEO at Victoria's Secret Milan Fashion Week Women's To Proceed Mostly Online Beijing's Top Luxury Department Store, SKP, Surpasses Harrods In Sales Ralph Lauren Misses Quarterly Revenue Estimates Dior Tops New Quarterly Ranking for Brands' Media Impact Tapestry Profit Beats Holiday-Quarter Estimates as China Demand Soars Luxury Designers Bag Bargain Store Space in Manhattan's Soho Jack Ma's Ant Group Makes a Deal With Chinese Regulators Ebay Earnings Beat Expectations Amid Pandemic-Driven Surge in Online Shopping Britain's JD Sports Targets More Deals After Raising £464 Million

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VIDEO How to Make Technology a Tool for Connection By BoF Team

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At NuOrder, the Evolution of the Wholesale Industry The wholesale e-commerce platform processed over $38 billion orders in 2020. Here, BoF shares insights gathered from its community in a transformative year. READ MORE

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Lions, and TIGRs, and Bears?

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