UK retail sales volumes rose by a healthy percentage month on month in April, the Office for National Statistics (ONS) said Friday, with a 1.2% spike following a rise of only 0.1% in March (revised down from an estimated 0.4% in the last ONS bulletin). Photo: Pexels That was far from surprising given that Easter…
Retail’s golden rule has always been that the ground-floor storefront is the only option. However, in some cases, it turns out that subsequent higher floors offer the most square footage for retail selling. Such was the case for French accessories giant Longchamp when they purchased a building at 132 Spring Street over 20 years ago….
Two weeks after a conclave elected a new pope in the Vatican, on Thursday evening in Avignon, Louis Vuitton staged a fashion conclave cruise show inside the city’s Palais des Papes. Louis Vuitton Cruise 2026 collection runway show in Avignon – FashionNetwork.com “Feminine knights. Arthurian legends,” smiled Vuitton’s creative director Nicolas Ghesquière, in a pre-show…
By Reuters Published May 22, 2025 E-commerce platform Allegro is doubling down on its local offering in a bid to differentiate itself from Asian competitors like Temu, its finance chief said on Thursday. Reuters Allegro, which aside from its home market Poland runs third-party marketplaces in the Czech Republic, Slovakia and Hungary, has in recent…
Lifestyle footwear brand Allbirds announced on Thursday that it has signed distribution agreements to expand into several new international markets. Allbirds expands global footprint to Latin America and Southern Europe. – Allbirds The agreements appoint Kiwi Life Group as the exclusive distributor for Allbirds in Central America, the Caribbean, Chile, and Colombia, and Trendy King…
By Reuters Published May 22, 2025 Following Nike’s lead, analysts and investors said that Adidas and Puma are expected to raise prices on running shoes and sportswear in the United States as U.S. import tariffs increase retailers’ costs. Reuters Nike announced on Wednesday that it will raise prices starting next week, adding up to $10…
By Bloomberg Published May 22, 2025 The billionaire Wertheimer family behind Chanel may forgo a payout from the luxury brand’s most recent earnings cycle in a sign the industry downturn is hitting another of the world’s wealthiest dynasties. See catwalkChanel – Cruise Collection2026 – Womenswear – Milan – ©Launchmetrics/spotlight London-based Chanel didn’t pay an interim…
Translated by Nicola Mira Published May 22, 2025 Italian multibrand concept store Modes, struggling with severe financial difficulties, has gone into liquidation. The high-end fashion retailer, which until 2022 used to operate some 20 stores, including two prestigious addresses in Paris and Switzerland, applied for bankruptcy protection last December, but the Milan court has decided…
By Bloomberg Published May 22, 2025 Unable to travel overseas during the Covid-19 pandemic, Chinese consumers sparked a shopping boom in the southernmost province of Hainan, lured by the tropical island’s plethora of duty-free shopping malls. Customers shop at Haikou International Duty Free City in Hainan province in December 2024. – Bloomberg / Getty Images…
Translated by Nazia BIBI KEENOO Published May 22, 2025 Outdoor lifestyle group Amer Sports maintained positive momentum from January to March in the first quarter of 2025, with revenue reaching $1.473 billion (1.3 billion euros), up 23% year-over-year (+26% at constant currency). The results were driven by a strong performance from its two flagship brands,…