Third-quarter earnings showed that, despite China's economic growth slowing to a three-decade low, shoppers are continuing to spend heavily on luxury - but doing it at home or online, making savings on holiday costs.
Sales growth at Kering slowed slightly in the third quarter, in line with expectations, as the luxury group offset some of the hit from turmoil in Hong Kong with strong spending by shoppers in other Asian markets.
After specialising in luxury, the pre-owned fashion e-tailer is re-focusing on affordable luxury brands, while adapting its purchasing options and commissions to the mid-market segment, and eyeing global expansion.
International shopper spending growth is slowing in the UK and that's bad news for luxury fashion labels, although on the plus side, those shoppers who do visit Britain seem to be spending more per transaction.
The British Fashion Council has released the shortlist for this year’s Fashion Awards, with Gucci, Bottega Veneta and Loewe leading the way with four nominations each. Winners will be announced on 2 December.
Crystal specialist Swarovski has chosen Milan and Italy as the first venue of its new Crystal Studio retail format, based on interactivity and digital tech, which will be replicated with various adaptations worldwide.
UK-based jeweller Links of London's fall into administration has led to loss of 38 jobs at its head office in London, administrator Deloitte said on Friday, adding that there have been no job losses in any stores.
Private label is becoming increasingly important to high-end retail and Matchesfashion is putting a push behind its Raey brand. Its first pop-up outside of the UK has opened at Roll & Hill on Mercer Street in New York.
A leading analyst has said that Harrods really needs to connect with more shoppers in the UK and also to drive more online sales from its tourist fanbase if its wants to push GTV higher as rival Selfridges is doing.
Carla Sozzani, noted retailer, gatekeeper to the Azzedine Alaïa archives and all-round fashion legend, has a new project. The Italian lady opened her own Fondazione Sozzani Monday night in an unexpected neighbourhood.
In its 200th year, the world’s oldest shopping destination is adding a raft of new brands with London’s luxury Burlington Arcade announcing the arrival of Christian Louboutin, Harrods, Mou London and Baudoin & Lange.