Breathing New Life Into Retail

Farfetch Lowers 2022 Outlook, Cos Unveils High-Tech Stores

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WHAT YOU NEED TO KNOW TODAY: FRIDAY, MAY 27, 2022 Developers are turning to smaller brands to rejuvenate touristy shopping districts, including New York's Rockefeller Center. H&M's COS brand is rolling out a suite of in-store technologies at some US locations to engage shoppers and learn what works. Farfetch sharply reduced its outlook for sales and profits for 2022, citing disruptions to its business in Russia and China. Gap's shares plunged after it slashed its annual sales and profits forecast, while Macy's reported unexpectedly strong results. Fashion start-ups face some tough choices as funding grows scarce.

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RETAIL Can Tourist Traps Become Fashion Destinations? By Chavie Lieber

New York City's Rockefeller Center is deep into redevelopment and leaning on Michelin-starred chefs and fashion upstarts, as post-pandemic shopping districts look to cater to locals as well as international visitors. READ MORE

LUXURY Farfetch Slashes Its Outlook For the Year By Marc Bain

The online luxury platform significantly scaled back its expectations for sales in 2022, as the loss of its Russia business and other factors have taken a toll. READ MORE

TECHNOLOGY COS Is Trying to Crack the Code On High-Tech Stores By Marc Bain

The H&M brand is rolling out a suite of new in-store technologies at its US locations to engage shoppers and learn what works. READ MORE

TECHNOLOGY What Happens to Fashion's Start-Ups When Funding Dries Up? By Marc Bain After more than a decade of investors pouring money into seemingly any new company, profitable or not, many now look to be pulling back. READ MORE

V&A to Stage Major Chanel Exhibition in London READ MORE

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NEWS BRIEFS Gap Slashes Annual Forecasts as Inflation Drains Demand; Shares Plunge Macy's Lifts Profit Outlook as Special Occasions Boost Sales Oura Launches Gucci Smart Ring Calvin Klein Hires Jonathan Bottomley as Global Chief Marketing Officer Ted Baker Annual Loss Narrows as Pre-Covid Lifestyles Return

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Explore Jobs at Farfetch, Browns and Stadium Goods Global opportunities with Farfetch Group include a Creative Content Editor at Farfetch and an Associate Art Director at Browns in London, a Head of Product at Farfetch in Porto and a Merchandise Planner at Stadium Goods in New York among others.  Farfetch Group consists of luxury e-commerce platform farfetch.com, British boutique Browns, sneaker and streetwear retailer Stadium Goods and brand platform New Guards Group. The Farfetch marketplace connects customers in more than 190 countries to over 1,300 leading global brands. VIEW JOBS

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