UK warehouses are full of unsold stock, according to reports, with M&S one of the main sufferers from the problem that’s caused by a mix of cautious shoppers, milder-than-expected weather and faster supply chains.
Well, that was a surprise. After dire warnings about how weak Black Friday might be given consumer nervousness over spending and the World Cup distracting their attention, it actually turned out to be quite an event.
The French luxury brand, which first landed in Madrid in 1988, has opened a boutique in the Galería Canalejas shopping center in the Spanish city, where other brands such as Cartier and Hermès are also present.
The LVMH luxury group’s star label is strengthening its manufacturing capabilities, having reportedly acquired Tuscan company Art Lab, specialised in digital printing and special treatments on leather.
Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.
The latest fashionable restaurant to reinvent itself as a fashionable fashion destination is Caviar Kaspia, which has just launched a signature cashmere knitwear collection, and debuted couture-worthy alpine skis.
The luxury group's CEO has warned against falling living standards among workers, whose purchasing power has been eroded by inflation’s recent spike, and asked the Italian government for economy-boosting measures.
London’s Oxford Street is having a tough time since the pandemic ended. The UK capital’s major retail thoroughfare saw footfall dip by 37% month-on-month in October, hit harder than the overall decline across the UK.
After seven years Alessandro Michele is stepping down as Gucci's creative director. The brand's design office will continue to carry the direction of the House until a new creative organization is announced.
Black Friday could be bleak for UK retailers. How so? Some 48% of Britons says they are shopping online from international retailers for the event, finding better deals from in China and the US, new data shows.