UK consumers are feeling the strain with inflationary pressures plus economic uncertainty widening the gap between the haves and have-nots, a new report says. But they share a thrifty and eco-focused approach.
Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.
Burberry's Q1 trading update on Friday had both good news and bad as EMEIA's recovery continued impressively, but Mainland China was hit by Covid restrictions and the Americas stuggled against tough comaprisons.
The innovative retail concept, promoting ways of extending the lifecycle of products, has debuted at Golden Goose’s long-established Milanese store in via Cusani, and will soon be deployed in New York and Dubai too.
Swatch Group stuck to its forecast that sales would rise at a double-digit rate this year after reporting on Thursday increasing first-half profit and sales, helped by the success of its MoonSwatch watch.
The virtual world continues to be an important destination for Burberry. The luxury fashion house has launched a virtual handbag collection on Roblox, “connecting millions of people through shared experiences”.
The power of shopping/tourist destination Carnaby as a retail magnet continues. The Shaftesbury-operated London location now welcomes global streetwear brand Ksubi to its portfolio of key fashion and lifestyle brands.
Hugo Boss is having a good year and has just raised its full-year outlook on the back of a strong Q2. It said the strength was fuelled by the “bold branding refresh” of Boss and Hugo from the beginning of 2022.
PVH’s Tommy Hilfiger label is returning to New York Fashion Week in September for the first time in three years, with an “experiential” runway event built around its latest see-now-buy-now collection for Fall 2022.
For its first autumn/winter edition held in July, Première Vision Paris announced that it welcomed 23,377 trade visitors and around 1,200 exhibitors, a successful trial run at a time when the event is gaining momentum.