H1 results at Burberry showed it making “strong progress”, with full-price sales surging and higher margins. Outerwear and leather did well and it's expanding its new store concept rollout as it boosts customer spend.
Coach handbag maker Tapestry Inc raised its annual sales and profit forecasts on strong rebound in demand for luxury goods even as global supply chain bottlenecks threaten to create a shortage of products.
Monte Carlo Fashions Ltd witnessed a 665 percent rise in its net profit to Rs 34 crore ($4.7 million) for the quarter ended September 2021, as against a net profit of Rs 4 crore it reported a year ago.
The CEO of Tomorrow, which recently bought Martine Rose, tells FashionNetwork.com how his service platform for emerging labels has added direct retail and consulting to its services in the midst of Covid and Brexit.