Strategy changes at Paul Smith are helping to transform the company's fortunes after six tough years. Founder Sir Paul Smith sales orders for the new season are up in double-digits and womenswear sales are surging.
Italian luxury group Tod’s like-for-like sales should improve in the second quarter of the year and turn positive starting from the second half, its Chief Financial Officer Emilio Macellari said on Wednesday.
It looks like times were tough for Japanese sports giant Asics during Q1 as the company’s consolidated net sales and profits were down. But at least the percentage profits fall was less than the sales drop.
Luxury group Salvatore Ferragamo said on Monday it expected 2018 results to be undermined by currency swings and an unfavourable mix of its sales channels, after posting first quarter results in line with expectations.
Sunday saw the opening of the Italian luxury brand’s new NY digs on SoHo’s Wooster Street, an innovative retail destination channeling the neighborhood’s artistic heritage and proposing original services and experiences.
Times are tough at Denmark’s IC Group with the Tiger of Sweden and By Malene Birger owner reporting weak sales. And while consolidated operating profits are rising, gross profit is down and it faces huge challenges.
A fashion shopping app launches this week that claims it will “disrupt the fashion industry” by using AI, seamlessly linking online and offline product and empowering users to earn money from their content.
Handbag maker Tapestry Inc., formerly Coach, reported a drop in third-quarter margins and a steeper-than-expected decline in same-store sales in its Kate Spade business on Tuesday, sending its shares down 11 percent.
China's top court has ruled in favour of the French fashion house, overturning rulings by lower courts and rapping the local trademark office for rejecting Dior's application to register a perfume bottle trademark.
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.