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Retail

American Gen-Z spending hits 8-year low; Nike top ranking brand: report

American Gen-Z spending hits 8-year low; Nike top ranking brand: report

Piper Jaffray has released the results of its 'Taking Stock With Teens' study, showing that Gen-Z spending has decreased 4 percent year-over-year with cosmetics spending for females hitting a 2019-survey low.  
today
Ready-to-wear
Industry
Hermès to open first store in Poland as direct retail expansion continues worldwide

Hermès to open first store in Poland as direct retail expansion continues worldwide

The French luxury label is set to inaugurate its first store in Poland, in the capital, Warsaw, as it continues to expand at great pace, having newly opened or renovated no fewer than 10 stores worldwide since June.
today
Accessories
Retail

Francesco Russo licenses label’s production and distribution to Onward Luxury Group

The Italian footwear designer has licensed the production and worldwide distribution of his eponymous label to OLG, the Milanese subsidiary of Japanese group Onward Holdings, in order to concentrate on design work.
today
Ready-to-wear
Retail

Fashion retail to see 'worst Christmas since 2008'

The chairman of a prominent, but unnamed, retailer has said that the coming Christmas season could be the worst in more than a decade, which means it could be the worst since the crisis of 2008 that saw low spending.
today
Ready-to-wear
Industry