Inditex sales may have risen only 2% in Q1 but it was still a record quarter and without currency exchange effects it would have powered ahead by 7% as both online and stores expansion again proved a winning formula.
New Look has admitted last year was very difficult as it revealed bleak trading results amid external and “self-inflicted” issues. However, it said its turnaround plan is on track to deliver stability for the new year.
The royal wedding underlines the economic potential of a sector that needs to embrace digital technologies and look for new markets and formats to face a fragmented landscape where millennials will reign supreme.
After opening an Anita Dongre Grassroot store in New York’s Soho area last year, the Indian designer Anita Dongre has opened a multi-floor flagship store in West Broadway that also includes bridal wear and menswear.
Europe’s biggest online fashion retailer said the launch of beauty products in Germany had made a promising start and its active customer numbers jumped in the first quarter but a late start to spring hit profitability.
Facebook Inc’s Messenger app launched an augmented reality feature on Tuesday to allow people to see products they are shopping for as if they already have them, in a move aimed at drawing in potential advertisers.
Tuexdos for grooms, white dresses for bridesmaids, bridal jumpsuits and the dominance of tiaras and fascinators. Those are the key trends for bridal, according to the new John Lewis wedding trends report.
French luxury conglomerate Kering scored a striking 27.1 percent growth in first quarter revenues, led by Gucci's near 40% explosion in sales. Problem child Bottega Veneta, however, suffered a further fall in revenues.
OTB, the holding company of Italian fashion billionaire Renzo Rosso, quadrupled its Earnings Before Interest and Tax (EBIT) to €21.5 million in 2017. Though total group revenue slid 2.4 percent over the same 12 months.