The revenue of Italian leather goods group Piquadro rose in all channels and regions in Q1 2022-23, reaching €32 million, equivalent to a 47.2% increase, driven chiefly by its monobrand stores and Europe.
Armani posted a 20% increase in sales at constant currencies in the first half, after swinging to an operating profit in 2021 as revenues returned above pre-pandemic levels in the second part of the year.
Shopify Inc on Tuesday announced a partnership with YouTube to allow merchants to sell through the video platform, as it looks to tap into the growing number of content creators launching their own e-commerce stores.
Burberry's Q1 trading update on Friday had both good news and bad as EMEIA's recovery continued impressively, but Mainland China was hit by Covid restrictions and the Americas stuggled against tough comaprisons.
Richemont said on Friday that the latest quarter saw strength in Europe, Japan, the US and Middle East. But Asia Pacific was hit by Covid issues in China. It was similar to Burberry, which reported on the same day.