Swiss watchmakers expect the market to stay challenging this year with the United States, their second-biggest market, showing no signs of recovering, executives told Reuters at an industry fair in Basel.
There may be concerns about UK retail as Brexit talks loom and shoppers are hit by higher inflation, but international tourist spend appears to be going from strength to strength with tax-free shopping up 55% last month.
Fashion will be among the major industries to suffer if the UK fails to negotiate a favourable deal in time for it leaving the EU, a new report claims. The EU took 74% of UK fashion and textile exports last year.
The UK has taken the top spot as the most attractive retail market in Europe, the Middle East and Africa, ahead of France, Germany and the UAE, according to new research from global property advisor, CBRE.
Amazon.com Inc is expanding a program to remove counterfeit goods from its website this spring as part of a broader push to assure brand owners that the online retailer is an ally rather than a threat.