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StockX reports over $1 billion in GMV in 2019

StockX reports over $1 billion in GMV in 2019

The Detroit-based “stock market of things” has announced that it surpassed $1 billion in gross merchandise value in 2019 alone, as the platform pushed forward with international expansion, especially in Europe and Asia.
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Ready-to-wear
Landsec signs deals with big names including Zara, Radley, Calvin Klein

Landsec signs deals with big names including Zara, Radley, Calvin Klein

Property giant Landsec has signed deals with 25 brands covering 139,900 sq ft across its shopping sites with big UK and international names having just joined or set to join its line-up.
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Ready-to-wear
Richemont sales rise offsets Q3 Hong Kong weakness, but fashion ops dip

Richemont sales rise offsets Q3 Hong Kong weakness, but fashion ops dip

Swiss luxury group Richemont had good news and bad for its latest quarter as Fashion & Accessories sales fell, but it saw good growth overall in most of its markets for the wider business.
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Luxury
Cartier boosts its presence in China with new Tmall flagship

Cartier boosts its presence in China with new Tmall flagship

Cartier is the latest brand to partner with Alibaba's Chinese e-commerce platform, Tmall Luxury Pavillion.
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Watches
New YNAP Middle East CEO will drive "localised experience"

New YNAP Middle East CEO will drive "localised experience"

High-end e-tail giant Yoox Net-A-Porter has named Nisreen Shocair as its CEO, Middle East. She joins with “extensive global retail and e-commerce expertise, holding senior positions in the UAE and New York”.
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Luxury
Watches of Switzerland leadership team changes as COO retires

Watches of Switzerland leadership team changes as COO retires

Watches of Switzerland has restructured its top management team due to the impending retirement of its COO Tony Broderick. Craig Bolton has been prompted to oversee the UK unit while David Hurley runs the US arm.
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Watches
UK, US, and French luxe consumers embrace secondhand - Altiant report

UK, US, and French luxe consumers embrace secondhand - Altiant report

Luxury consumers are embracing the concept of resale and only a tiny 16% feel there’s a stigma in wearing pre-owned items. That’s according to a study conducted among 400 affluent consumers in the UK, US and France.
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Luxury
Blancpain celebrates the year of the rat with its first ever porcelain dial

Blancpain celebrates the year of the rat with its first ever porcelain dial

Craftsmanship takes pride of place in the latest offering from Blancpain for the Chinese New Year, with the launch of the Swiss luxury horologist's first ever porcelain dial on a limited-edition watch.
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Watches
Piaget debuts a limited-edition watch for Chinese New Year

Piaget debuts a limited-edition watch for Chinese New Year

Swiss watchmaker Piaget is celebrating the Chinese New Year with a limited-edition Piaget Altiplano inspired by 2020's Chinese zodiac sign: the rat.
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Watches
Harrods upbeat on beauty prospects and China, to open Chinese ultra-luxe standalone in 2020

Harrods upbeat on beauty prospects and China, to open Chinese ultra-luxe standalone in 2020

The boss of Harrods said the retailer is “well placed to take advantage of” the younger shopper who wants “to have really great quality beauty” and is upbeat about the chances for the firm’s new beauty chain.
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Ready-to-wear
Wearable tech demand surged this year says Mintel, Gen Z is key

Wearable tech demand surged this year says Mintel, Gen Z is key

Smartwatches and wrist-worn fitness trackers continue to build their popularity in the UK after a fairly slow start a few years ago with ownership having increased 23% this year.
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Accessories
Swiss competition watchdog curbs Swatch watch movement shipments

Swiss competition watchdog curbs Swatch watch movement shipments

The Swiss competition watchdog on Thursday restricted Swatch Group's shipments of watch mechanisms to other companies ahead of a final decision in mid-2020 in a long-running dispute.
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Watches
Regional UK cities became tourist shopping hotspots in 2019 says Planet

Regional UK cities became tourist shopping hotspots in 2019 says Planet

Sales to global shoppers are continuing to grow in London but while its status as the key destination is undiminished, it has lost share to Birmingham and Manchester this year, says tax-free payments specialist Planet.
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Luxury
Swatch threatens to seek damages over Swiss antitrust agency's measures

Swatch threatens to seek damages over Swiss antitrust agency's measures

Swatch Group threatened on Wednesday to pursue damages after it said the Swiss competition authority COMCO wants to prohibit the watch maker from supplying watch mechanisms to other companies during 2020. 
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Watches
Swiss body considers ban on Swatch unit selling parts

Swiss body considers ban on Swatch unit selling parts

A Swatch unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday.
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Watches
Bulgari overhauls its distribution

Bulgari overhauls its distribution

The Italian luxury label has deployed a new strategy designed to concentrate its jewellery sales exclusively in its own stores, while also reducing the presence of its watches and fragrances in multibrand retailers.
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Watches