Leave it to Marc Jacobs to finish of a quiet New York season with the fashion week’s most inventive show. Voluminous tropical versions of classic Jacobs cuts and styles, topped by remarkable Stephen Jones headgear.
New York Fashion Week wrapped Wednesday in an explosion of glowing colors, greater in-roads into diversity, designers still pondering the point of the runway and younger talent given a chance to shine.
Australia’s biggest department store operator Myer Holdings Ltd on Thursday posted its lowest annual profit since listing amid an unstoppable wave of competition, and warned it was continuing to trade below expectations.
“A solid performance in a difficult market”. That’s what John Lewis said of the latest results from the firm. And we can't argue with that as sales growth was slow and profits down, even though Fashion was strong.
All eyes were on Next on Thursday as this bellwether firm for the UK retail sector turned in its interim results. And what did we get? More than a touch of gloom but also definite hope for the future added to the mix.
The changing role of physical retailing, coupled with rising costs and Brexit uncertainty are causing retailers to think twice before opening new stores, according to a new report from the Local Data Company.