All Luxury articles – Page 2
-
Innovation of the Week
eBay promotes circular fashion with new ‘resell on eBay’ feature
Innovation of the Week is a subscriber-only series highlighting retail initiatives that have caught the eye of our team.
-
Analysis
How winners are standing out from losers in troubled luxury market
As luxury fashion retailers experience a slowdown in demand, Retail Week looks at some of the struggles facing the market and asks whether brands are right to remain optimistic
-
News
Watches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
-
News
Burberry underperforms and warns of headwinds in luxury slowdown
Burberry has underperformed financially as it struggled with tepid demand for luxury clothing and accessories, and warns of more pressure to come.
-
News
Selfridges to cut jobs as loss of tax-free shopping takes its toll
Selfridges is making another round of redundancies as the loss of tax-free shopping for visitors to the UK is blamed for a dip in luxury spending.
-
News
Watches of Switzerland builds US business with $130m jewellery deal
Watches of Switzerland has bought US jeweller Roberto Coin for $130m (£104m) as it targets growth in the luxury branded jewellery category.
-
Analysis
Matches: Is there a future for the bust luxury retailer?
Following Frasers’ acquisition of certain intellectual property assets of Matches, Retail Week takes a look at what’s next for the luxury specialist and if there’s any light at the end of the tunnel
-
News
Mulberry sales slow as demand for luxury wanes
Luxury fashion and accessories retailer Mulberry has posted a decline in sales during the full financial year as declining consumer spend on luxury goods took its toll.
-
News
Vinted posts first profit after ‘strong’ year of growth
Online marketplace Vinted has posted a “strong” year of growth after it reached profitability for the first time and reported a surge in revenue.
-
News
London Designer Outlet posts record-breaking sales
London Designer Outlet (LDO), located at Wembley Park, has recorded its strongest first quarter ever as sales surpassed £20m for the first time.
-
Analysis
AI, customer experience and dream teams – the key talking points from Paris
As more than 800 retail leaders from around the world gathered to inspire and be inspired at WRC 2024, Retail Week highlights some of the key takeaways from the congress in Paris
-
News
Luxury retail group Kering warns on profits as sales slide
Gucci owner Kering has warned on profits during the first half of the year as sales slipped at the luxury fashion house during its first quarter.
-
News
TikTok Shop UK launches preowned luxury category
TikTok Shop UK has launched a preowned luxury fashion category where shoppers can browse through big brands added to the platform.
-
News
Unilever Prestige’s Vasiliki Petrou named World Retail Congress Woman of the Year
Vasiliki Petrou, executive vice-president and chief executive of Unilever’s premium division Unilever Prestige, has been named Woman of the Year at the 2024 World Retail Congress in Paris.
-
News
LVMH revenue slips in ‘uncertain’ global market
Luxury retail group LVMH has posted a slight decline in overall reported revenue growth as it continues to trade in an “uncertain” geopolitical and economic environment.
-
News
Harvey Nichols poaches new chief executive from Alexander McQueen
Harvey Nichols has poached former Alexander McQueen regional president Julia Goddard to be its new chief executive officer.
-
News
Gucci poaches Louis Vuitton exec for deputy CEO role
Gucci owner Kering has named Louis Vuitton communications and events executive Stefano Cantino as its new deputy CEO.
-
News
Exclusive: Retail spend to take £2.4bn hit in 2024
Retail spending is expected to take a £2.4bn hit this year as consumers are impacted by “lower levels of affluence” amid the cost-of-living crisis, according to the latest research by Retail Economics and beBettor.
-
News
Mytheresa circles Yoox Net-a-Porter for possible takeover bid
Luxury fashion retailer Mytheresa is reportedly among the potential bidders looking to snap up Yoox Net-a-Porter from Swiss luxury group Richemont.
-
News
Secret Sales acquires Dress For Less in European expansion drive
Premium non-full-price marketplace Secret Sales has announced the acquisition of German discount platform Dress For Less as it bolsters its presence in Europe.