Consumer spending dropped in April, according to Visa’s UK Consumer Spending Index, with a 2% dip year-on-year, matching the decline seen in March, while the fashion sector saw its steepest fall for six months.
Footfall to UK stores was slow during April, despite the weather improving as the month wore on. The drop of 3.3% was a “significant decline” compared to the 1.6% hike in April 2017 when Easter flattered the figures.
Strategy changes at Paul Smith are helping to transform the company's fortunes after six tough years. Founder Sir Paul Smith sales orders for the new season are up in double-digits and womenswear sales are surging.
The new owner of Belstaff has been named Britain’s richest man in the latest Sunday Times Rich List. Self-made businessman Jim Ratcliffe is chairman/CEO of chemicals company Ineos, which acquired Belstaff last autumn.
On Sunday, fashion duo Camilla and Marc went full female fury for the opening of Mercedes-Benz Fashion Week Australia. Some 90 designers will showcase Resort 2019 collections to buyers and editors in Sydney this week.
Skechers sued Adidas in federal court this week claiming unfair competition after the brand sent hundreds of thousands of dollars in secret payments to high school and college athletes in return for them wearing Adidas.
Walmart Inc said in a filing with a U.S. regulator that it may take India’s Flipkart public in as early as four years, detailing for the first time a potential listing timeline for Walmart’s largest-ever acquisition.
As the maternity apparel company’s annual meeting approaches, dissident stockholders led by George Miller have contested Institutional Stockholder Services’ recommendation to vote against their Board nominees.