Richemont and China’s Alibaba Group have unveiled a global strategic partnership that will see the two star retail brands under the Yoox Net-A-Porter banner being taken directly to the all-important Chinese consumer.
As the massive headwinds that the UK Department store sector is battling continue, we're seeing plenty of change taking place and one big change was confirmed on Thursday with a management buyout at Beales.
Debenhams reported its biggest-ever loss on Thursday and confirmed a plan to close 50 stores as well as saying the beauty market has dipped in recent months. But it’s remaining upbeat and thinks it’s on the right track.
As the luxury kidswear market continues to expand, Mytheresa has announced the launch of Mytheresa Kids with the debut happening in January but Gucci and Dolce & Gabbana capsules launching for the party season.
Monsoon has seen a 29% increase in the time online customers spend browsing after they interact with its shoppable posts on key social sites compared to those going straight to the website, it said this week.
The newly-upgraded Bond Street has just signed another tenant with high-end Italian outdoor-wear brand Herno set to make its UK standalone debut at 31 Old Bond Street, agent Savills said on Wednesday.
Kidswear is the next big frontier for luxury e-tailers and hot on the heels of Net-a-Porter’s kidswear debut with Gucci in the summer, the firm is now linking with Dolce & Gabbana for its second move into the category.
Deloitte's 33rd annual Holiday Survey has found that 57 percent of total holiday spend is expected to be online, compared to 36 percent in stores. This marks a 10 percent drop for stores in the last four years.