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Nordstrom delivers surprise profit as inventory woes ease

Nordstrom delivers surprise profit as inventory woes ease

Nordstrom Inc posted a surprise first-quarter profit on Wednesday as better inventory control and demand from wealthy shoppers helped the company defy an inflation-driven slump in retail spending.
Luxury
Michael Kors owner Capri cuts revenue forecast as US demand wavers

Michael Kors owner Capri cuts revenue forecast as US demand wavers

Michael Kors parent Capri Holdings Ltd on Wednesday cut its annual sales forecast as demand for its handbags and shoes weakens in the United States, sending its shares down nearly 9% in early trading.  
Luxury
The Fold launches campaign with Manchester City Women’s team

The Fold launches campaign with Manchester City Women’s team

As a women’s luxury workwear brand “that empowers self-belief, elevates workwear and champions ambition”, The Fold is big on high-profile link-ups. 
Luxury
Sportswear rules! Surge continues as data shows what's driving media impact

Sportswear rules! Surge continues as data shows what's driving media impact

​The latest data report from Launchmetrics shines the spotlight on sportswear and the headlines story is — perhaps unsurprisingly — that athleisure and sneakers continue to be key drivers while luxury is also important.
Fashion
Simone Bellotti is new Bally Design Director after Villaseñor's exit

Simone Bellotti is new Bally Design Director after Villaseñor's exit

​Swiss luxury brand Bally on Wednesday named Simone Bellotti as its Design Director leading its design studio. It’s an internal promotion with Bellotti having joined the firm back in October after 16 years at Gucci.
Fashion
Balenciaga transforms Paris into "Capital B" for spring 2024

Balenciaga transforms Paris into "Capital B" for spring 2024

Balenciaga unveiled its Spring 2024 collection with a digital catwalk show at 3pm on Tuesday May 30, a celebration of everyday life that took place in the capital filmed in front of its Avenue George V boutique.
Luxury
Alberta Ferretti showcased her Resort 2024 collection in Rimini

Alberta Ferretti showcased her Resort 2024 collection in Rimini

The renowned designer took to the runway near the Sismondo castle to present a collection that pays tribute to her birthplace and to the Rimini-born director of "La Dolce Vita."
Luxury
Flannels X launches London Beyoncé pop-up on Oxford Street

Flannels X launches London Beyoncé pop-up on Oxford Street

Flannels on Tuesday opened a week-long pop-up selling merchandise from Beyonce’s Renaissance World Tour as well as limited-edition pieces from her Balmain link-up in a deal with her Parkwood Entertainment company
Luxury
Chanel to double London HQ space

Chanel to double London HQ space

​News last week that Chanel’s sales rose in double digits in 2022 was followed by the company saying it would double the size of its global HQ in London’s Mayfair and will move in during 2025.
Luxury
Ferragamo names Jeno Lee first global male ambassador

Ferragamo names Jeno Lee first global male ambassador

Italian luxury brand Ferragamo announced on Monday the appointment of Jeno Lee as the Florentine company's first global male ambassador. 
Luxury
Canada Goose to enter Australia

Canada Goose to enter Australia

Canadian luxury clothing brand Canada Goose is making its way into Australia through a brand management agreement with Brand Collective, expanding its global presence.
Luxury
Dior opens its Dioriviera pop-up boutique and spa at Beverly Hills Hotel

Dior opens its Dioriviera pop-up boutique and spa at Beverly Hills Hotel

On May 26, the French luxury brand took over the iconic Beverly Hills Hotel in Los Angeles and opened its Dioriviera pop-up boutique and a poolside Spa. The event will run until September.
Luxury
New data shows end of UK VAT-free shopping again boosts Europe

New data shows end of UK VAT-free shopping again boosts Europe

​The UK government has been asking for evidence that the end of the VAT-three shopping perk for tourists is hurting British retail and payment software specialist Planet came up with some of that again on Friday.
Fashion
Valentino opens new Paris home on Avenue Montaigne

Valentino opens new Paris home on Avenue Montaigne

Valentino has unveiled its new store in Paris, having “reinvented itself” on Avenue Montaigne. The change of address gives it more space for its offer of both women’s and men’s RTW and accessories over three floors.
Luxury
66°North launches festival exclusive capsule with Selfridges, Mia Regan shoots campaign

66°North launches festival exclusive capsule with Selfridges, Mia Regan shoots campaign

​To mark the beginning of festival season, Icelandic outerwear brand 66°North has collaborated with high-end department store Selfridges on a exclusive unisex capsule collection.
Fashion
Chanel's McCauley to join Burberry as chief people officer

Chanel's McCauley to join Burberry as chief people officer

Burberry has appointed Alexandra McCauley as its Chief People Officer, effective 15 November. She joins from luxury fashion brand Chanel, will be responsible for all aspects of Burberry’s People strategy globally.
Luxury