All Luxury articles – Page 10
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NewsHarrods swings back to black despite decline in Chinese tourists
Harrods has swung back into the black as the retailer’s top line closes in on pre-pandemic levels.
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NewsYoox Net-A-Porter turns to an interim CEO as Lefebvre departs
Luxury fashion retailer Yoox Net-A-Porter has named Alison Loehnis as its interim chief executive, after the departure of long-standing boss Geoffroy Lefebvre.
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Opinion‘Even wealthy consumers may reach a tipping point where prices are too high’
Careful management is needed or luxury retail – often insulated from the effects of downturns – may not emerge unscathed from the impending recession, warns Alvarez & Marsal’s Erin Brookes
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AnalysisBargains, brands and brunches: How outlet centres are fending off cost-of-living crunch
As consumers tighten their belts amid the cost-of-living crunch, Retail Week explores whether outlet centres can buck the trend and retain a large share of their wallets
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NewsFarfetch to buy stake in Yoox-Net-a-Porter from Richemont
Farfetch has snapped up a large stake in Yoox Net-a-Porter as owner Richemont right-sizes its assets
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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NewsBeaverbrooks profits and sales surge despite Covid closures
Beaverbrooks has posted surging profits and sales despite the impact of store closures during the coronavirus crisis.
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AnalysisDeep dive: After Bank of England’s horror warning, is your business recession-ready?
Soaring energy prices, growing inflation and nose-diving consumer confidence present a perfect storm for retailers in 2022. What can be done to weather it?
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NewsBurberry sales rise as domestic spend surpasses pre-pandemic levels
Burberry has posted a modest uplift in first-quarter sales as a decline in revenues in mainland China was offset by demand from shoppers across Europe, the Middle East, India and Africa.
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AnalysisSWOT analysis: Are ex-Asos boss Beighton and Matchesfashion a match made in heaven?
As former Asos boss Nick Beighton takes the helm of luxury ecommerce platform Matchesfashion, Retail Week explores where the business is now and what he could bring to the table.
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NewsWatches of Switzerland hails ‘strong momentum’ as profits surge
Watches of Switzerland has clocked up a surge in profits and insisted it has built “strong momentum” as it bounces back from the coronavirus crisis.
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NewsOne-off lease disposal and surging sales behind jump in Mulberry profits
Mulberry has reported a jump in profits off the back of a one-off lease disposal and surging sales in the UK and Asia Pacific markets.
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NewsHarrods delays summer Sale due to supply chain disruption
Harrods has delayed its famous summer Sale as its new season stock has yet to arrive.
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GalleryStore gallery: Hugo Boss unveils digital-led London flagship
Hugo Boss has opened a new flagship store on London’s Oxford Street.
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InterviewInterview: Why Sach Kukadia’s jewellery venture is worth its weight in gold
In the depths of the first year of the pandemic, Secret Sales co-founder Sach Kukadia struck gold with a new business idea. He explains how 7879’s customers are encouraged to gamify the system, its sustainability focus and plans for future expansion.
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NewsBurberry posts profit uplift but cautions on China recovery
Burberry has posted a rise in full-year profit but cautioned that its outlook for future trading is dependent on the rate of the recovery in its key Chinese market.
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AnalysisAnalysis: What the Farfetch and Neiman Marcus partnership reveals about the future of luxury
Farfetch is to invest up to $200m (£153m) in Neiman Marcus as part of a wide-ranging partnership. What are the implications of this tie-up for the luxury sector as a whole?
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NewsFarfetch invests up to $200m in Neiman Marcus in ‘pivotal point’ for US luxury market
Farfetch will snap up a minority stake in US department store chain Neiman Marcus as part of a strategic partnership between the two luxury retail firms.
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NewsFarfetch records full-year sales surge and profit growth
Farfetch chief executive José Neves hailed the luxury fashion etailer’s “strong momentum” as the business delivered strong fourth-quarter and full-year sales growth.
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Opinion‘Booming demand has spurred creation of more resale businesses’
The rising cost of living will power the growth of second-hand products and resale, maintains eBay UK general manager Murray Lambell.