Bebe will reportedly close its brick-and-mortar locations to be an online brand. The women's retailer said in February that it would close 25 stores, the latest U.S. brand to buckle under the shift toward e-commerce.
Luxury Swiss watch and jewelry brand Piaget has announced plans to debut on Net-a-Porter, in its latest step to appeal to a millennial customer. To help reach that young market, the Swiss-based house is harnessing style icon Olivia Palermo in a new ad campaign.
Brands concerned about the impact of Brexit-related price rises on sales can draw encouragement from new research showing Britons will continue to buy premium brands. Yet they may also cut the amount they buy overall.