Official retail sales figures for the UK in April were released on Friday and they showed volumes ticking upwards again after they’d fallen during March.
BNPL giant Klarna has been growing fast and clearly wants to grow even faster with the payments firm about to launch a three-day event targeting its many millions of consumers around the world.
There was good news for the growing UK cycling clothing and accessories market on Friday with a new Mintel report showing that Britons are continuing to switch on to cycling in large numbers.
Hugo Boss has announced that its chief operating officer Heiko Schäfer is to leave the managing board of the business on May 31, “to pursue a new professional assignment outside the group”.
Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
Superstar Rihanna and rapper A$AP Rocky have reportedly welcomed their first child, after a pregnancy the singer flaunted in a radical revamp of normally covered-up maternity style.
The global luxury online retailer this week celebrated its long partnership with Loro Piana, and its excellent form in the American market, a territory where the brand has recorded strong growth.
Canada Goose Holdings Inc, on Thursday forecast annual sales and profit above Wall Street expectations on hopes for a recovery in key China market and as demand for its luxury parkas and jackets stays strong.
Pakistan's new government on Thursday said it would ban the import of over 30 luxury items including cars and fruit jams in an austerity move to help boost the country's faltering economy.
Yet more strong numbers from the commercial property sector on Thursday. Major London landlord Great Portland Estates joined its peers British Land and Landsec this week in delivering an upbeat performance for the year.
Burberry’s new CEO looks like he won’t be deviating too much from his predecessor’s luxury strategy and if anything, he’s likely to take the label even further upmarket, while also focusing on its British heritage.
M&S’s premium Jaeger brand has named Suzi Avens as head of product. The ex-Cath Kidston and Boden exec joins as M&S continues its relaunch of Jaeger and puts plenty of support behind it both in-store and online.
Malls giant Unibail-Rodamco-Westfield (URW) is continuing to roll out its Westfield brand to more locations and has announced that it’s rebranding three flagship centres under that name.
Landlord Grosvenor has launched an interesting project, unveiling “an innovation challenge seeking to find new technologies and partners that are putting customer experience at the heart of bricks and mortar retail”.
Kering is launching the third tranche of its stock repurchase program, covering a volume of nearly 0.5% of its share capital. Meanwhile, LVMH is launching a similar program worth “a maximum amount of one billion euros."
