Neiman Marcus has announced its acquisition of a minority stake in Fashionphile, making it the first major luxury retailer to directly invest in resale, a market segment projected to grow to $51 billion by 2023.
The Italian luxury label closed 2018 with a revenue of approximately €1.2 billion, growing at a slower rate than before. All of Valentino’s markets are thriving in early 2019, except for Macao and Hong Kong.
After doubling the size of the Turin branch, the department store chain is making over the interiors of the Florence one, and renovating its second branch in Rome, as the group posted a 21% sales rise in 2018.
The Parisian label, bought last autumn by Chinese group Icicle, is gently getting back on its feet, via internally designed collections – as it awaits a new creative director - and planned store openings in China.
The ethical clothing retailer is using technology to target its advertising more effectively and has found shoppers are buying more, coming back more often and are more likely to make a second purchase.
Climate change protestors are continuing to disrupt the West End and with a threat on Wednesday to target the London Underground too, retailers are increasingly worried that the Easter shopping season is at risk.
The Primark headlines may have been largely about its mega-sized opening in Birmingham this month, but the company is continuing to open stores elsewhere and has just opened at Centre:MK in Milton Keynes.