Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
Tapestry Inc on Thursday unveiled its biggest buyback plan in nearly seven years and beat Wall Street estimates for third-quarter profit as it sold more Coach and Kate Spade handbags, sending its shares up 17 percent.
Dolly Parton has her eye on the fashion industry. The iconic singer has signed a multi-year deal with IMG with a view to developing a lifestyle line that will incorporate fashion, jewelry, accessories and homeware.
The department store chain has announced its second watch drop program, unveiling a selection of 17 limited-edition men’s and – for the first time – women’s timepieces from a range of luxury and specialty watch brands.