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.
Chelsea’s King’s Road is seeing plenty of pop-up activity this month, including first time pop-up Rich Fashion, plus lifestyle brand Ville & Campagne and childrenswear retailer Four Fairies & A Prince.
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.
London’s historic luxury destination Burlington Arcade is being sold to the Reuben brothers for £300m. The arcade has been on the market since last year with estimates at one point that it could fetch over £400m.
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.
Barbour is to create a new London flagship store in the North Mayfair area as it relocates to aspirational Duke Street and radically upsizes from its previous location that was less than 1,500 sq ft to over 4,000 sq ft.
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.