Though it’s Halloween, brands such as Marks & Spencer are already prepped and ready for the holiday season. Today, the British retailer has launched its second collaboration with style icon Sienna Miller to get shoppers ready for parties galore. Following the success of the debut collection, which launched in June, the British retailer and Sienna…
Prada Group has reported a 15% increase in net revenue for the nine months ending 30 September 2024, bucking the luxury slowdown trend that has hit LVMH and Kering. The company delivered revenue of £3.1 billion (€3.8 billion), driven by “strong brand identity, creative dynamism and sound execution”. As part of this, retail sales increased…
Chancellor Rachel Reeves has extended business rates relief for the retail and hospitality sector after promising to “fix the foundations” of the economy and repair the public finances in today’s Budget. In the first Labour Budget since 2010 – and the first ever delivered by a woman – Reeves said her “belief in Britain burns…
Department store Harvey Nichols is hosting a pop-up with pre-loved luxury clothing and accessories retailer Luxury Promise at its flagship store in Knightsbridge, London. The pop-up displays a curated selection of luxury ready-to-wear, handbags galore and sophisticated fine jewellery. Notable mentions on offer include coveted cult-classics from the ‘90s and 2000s such as Hermes Kellys…
Retailers have nothing to fear from setting up shop in new territories, says Jonathan Sheard, Vice President, Sales at ESW, if they follow a tried and tested partnership route that favours local knowledge, automation and teamwork. In today’s retail and DTC climate, many brands believe that doing business is getting harder. A unique combination of…
Royal Mail is to begin using smart stickers to digitally track its containers as part of a scheme to improve efficiency and give insights into how to cut carbon by optimising vehicle use. It will see Royal Mail attach digital tags from tech firm Wiliot – small sticker-like tags which house tiny computers and are…
Adidas has dropped its lawsuit against rapper Kanye West after ending the Yeezy partnership due to his antisemitic rants in 2022. CEO Bjorn Gulden said they “don’t need to fight anymore”, adding that Adidas will sell the last of its lucrative Yeezy stock by the end of the year. The German sportswear giant had been…
NEXT said it is on track to make more than £1 billion in annual profit after raising its outlook for the third time in three months. The high street giant cheered a colder weather boost to sales of its autumn/winter ranges, with full-price sales jumping 7.6% in its third quarter to 26 October. The retailer…
Harrods is celebrating the festive season with Loro Piana’s ‘Workshop of Wonders’. The storied Italian wool merchant is set to take over 36 windows of the department store’s iconic Brompton Road façade as well as stage two pop-ups within its hallowed halls. Workshop of Wonders displays a magical – and of course, festive – journey…
Puig, the owner of Carolina Herrera, Dries Van Noten and Jean Paul Gaultier, has managed to escape unscathed by the slowdown in luxury shopping. Today, the conglomerate revealed strong sales growth of 11.6% during the third quarter of 2024, boosted by “fashion and fragrance”. During the third quarter, the company reported net revenues reached £1.04…
