The exchange of executives between luxury’s biggest online names continues with news that Paul Brennan is the new chief operating officer of Browns, the London luxury retailer that is now part of the Farfetch group.
Once again it was fashion that carried John Lewis through the latest week with the period to April 1 seeing total sales down 6%. Not that it is worried as the later timing of Easter is still distorting sales patterns.
It was a mixed week for John Lewis in the period to March 25. Total sales fell 4.1% to £81.72m, skewed by the late Easter. But Mother's Day boosted key categories and its new denim lifestyle brand had a strong start.
John Lewis has been growing fast in the fashion sector in recent years and it wants to accelerate that growth with its latest move being the launch of an own brand LA-inspired denim lifestyle offer next week.
LK Bennett is officially launching its first store in Russia on Thursday (March 16). The debut follows a soft launch last August at the Metropolis mall in Moscow as the UK firm targets faster growth abroad.
John Lewis had a fairly strong 2016 with new fashion lines boosting sales. But it sees challenges ahead with like-for-likes so far this year down, price pressures increasing and online growth hitting store traffic.
Pure London looked relatively busy last week despite the industry and retail sector facing huge challenges, from the impact of Brexit to business rate rises. Most interesting was the offer from newcomers to the show.
The Foschini Group (TFG) has acquired Damsel in a Dress, the UK-based premium womenswear brand to add to its growing portfolio of mid-market UK brands. The company has named a new design head and brand strategy leader.
British fashion retailers will switch their spending firepower to technology from the high street in 2017 after online shopping became the key driver of sales growth over the all-important festive period.