Shopping centres haven’t let the grass grow under their feet since lockdowns ended. In fact, collective investment across the UK sector jumped 170% in the first half of 2022 on the same period last year, new data shows.
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.
U.S. online sales during Amazon.com Inc's Prime Day shopping event jumped 8.5% from last year to nearly $12 billion, as inflation-hit Americans pounced on discounts, showed data from Adobe's Digital Economy Index.
The Lithuanian group is giving third-party firms access to its partner carriers, covering 14 countries with 220,000 pick-up points, as it seeks to tap the B2B sector as a growth driver complementary to its C2C business.
The Clessidra investment fund, a shareholder in the Italian ready-to-wear label since 2014, has sold its 40% stake to a group of investors led by Riccardo Bruno, now the label’s president alongside MD Paolo Montefusco.
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.
MCC, owner of Notshy and Absolut Cashmere, has been reporting double-digit growth for the past two years. This positive trend is encouraging its founders to look towards new commercial and financial horizons.
British lifestyle brand Crew Clothing has reported sustained growth for 2021 as it continued to invest in its retail stores. The privately held company added 10 stores last year, and saw continued e-commerce strength.