John Lewis’s weekly sales may have been sluggish in recent periods but Black Friday saw some pent-up demand being unleashed as the company said it saw 495 units being ordered online per minute between 07:00 and 08:00.
The New York Times Co plans to develop two or three new standalone digital products next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news.
Azzedine Alaïa has died, aged 77. One of the greatest influencer-designers, he defined body-con dressing, staying relevant as trends changed via his signature style, and being the first designer to go seasonless.
Marc Jacobs has teamed up with MasterClass to offer his first online course in fashion design. The fifteen video session class teaches construction, creating unique shapes and silhouettes, and creating new trends.
Polly Dickens has announced she will retire as creative director of British homeware brand Habitat at the end of January 2018, after having spent six years at the helm of the brand’s in-house design studio.
Ikea saw a sixth year of UK growth in the 12 months to August 31 with the retail giant’s sales up 5.8% to £1.814 billion. It also increased its market share by 0.5% and is targeting a share of 15% within 10 years.
The online marketplace for independent boutiques has raised £10 million in a series A round of funding, and will use the investment to increase its number of listed shops and further develop the platform.
Escada is to open a new flagship in London this month with the new store at 129 Sloane Street offering all its product collections. It will be the first creative statement from new design chief Niall Sloan.
Marimekko may be quite low-key when it delivers its earnings announcements but its high-profile prints are clearly making an impact on consumers, despite the tough market and a few difficult years for the business.
Saks Fifth Avenue owner Hudson’s Bay Co said on Wednesday it had received a bid for its German department store chain Kaufhof from Signa Holding, the Austrian property and retail group that owns Karstadt.