With UK inflation at around 2%, a study predicting just a 0.8% increase in Christmas spend this year is bad news for stores. And it could be worse under a no-deal Brexit as the prediction would be scaled back to 0.2%.
Gamification is a word we hear more and more often in retail today and Burberry has unveiled its first online game as yet another way of reaching the young consumers that are increasingly important to the brand.
The Canadian owner of Saks Fifth Avenue announced on Monday that, following an extensive review progress, it has entered into a definitive agreement with a group of shareholders to take the company private.
Burberry has opened its new flagship store in GUM in Moscow with the new boutique being in a prime position overlooking Red Square and being described by it as “the latest expression of the Burberry in-store experience”.
Last week’s Brexit deal and the pulling of Saturday’s Parliamentary vote have left the UK retail sector back where it has been for the last three+ years, facing an uncertain future as consumers shun unnecessary spending.
Figaret Paris CEO Eléonore Baudry is the guest this week on the LuxurynsightXFashionNetwork.com podcast. The executive discusses in this French-language episode the plans to reinvigorate the accessible luxury label.
The luxury label owned by LVMH has doubled its leather goods production capacity in Tuscany with a new site in Radda in Chianti. The site, in which Celine invested over €20 million, is set to double its staff by 2021.
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, a court document showed.
Selfridges has revealed its Christmas windows and full in-store displays, claiming to be the first department store globally to have done so. It has chosen the theme of Future Fantasy: A Christmas For Modern Times.