Next is consistently one of the top performers in UK (and increasingly global) retail and Thursday saw it delivering more evidence of that as the firm reported its results for the year to January. Next Next full-price sales rose 5.8% with total group sales including its subsidies rising 8.2% to £6.321 billion. Group profit before…
Foot Locker, Inc. announced on Wednesday that Franklin Bracken, currently executive vice president and chief commercial officer, has been appointed to the role of president, effective immediately. Foot Locker Bracken will continue reporting to Mary Dillon, Foot Locker’s chief executive officer. In his new role, the president will work alongside Dillon on the execution of the firm’s…
By Bloomberg Published March 26, 2025 For the last few years, Nike Inc. prioritized a multi-billion-dollar sneaker franchise that helped the world’s largest sportswear company reach its lofty revenue goals. Now that franchise is sputtering. Nike Sales of Nike Dunk, a 1980s basketball shoe worn more on the streets these days than on the court,…
UK Chancellor Rachel Reeves has unveiled her latest budget — or the Spring Statement as it’s officially known — and while she stuck to earlier promises not to increase taxes on working people, there was little good news to be had. Reuters For a start, it looks like the economy will remain sluggish and that’s…
Homme Plissé Issey Miyake will be the star attraction and guest of honor at the upcoming June edition of Pitti, menswear’s most prestigious international salon. Issey Miyake Fall/Winter 2025 collection – Courtesy The renowned Japanese label will stage an Italian-inspired runway show in Florence at Pitti from Tuesday, June 17, to Friday, June 20. “The presence…
Entrepreneur and TV pundit Gary Neville has joined the board of Norqain as the family-owned Swiss watchmaker prepares to launch in the UK. His appointment follows the former Manchester United and England footballer taking a “significant” but undisclosed investment in the watchmaker, with Neville expected to play an active role in the business’s UK strategy,…
Oxford Street’s status as not only London’s and the UK’s but also Europe’s busiest shopping thoroughfare has long meant that brands open not just one but multiple flagships along its 1.2 mile/1.9km length. And the latest brand to do that is Pandora, which on Wednesday unveiled a new Oxford Street West store. The fourth branch…
Translated by Nazia BIBI KEENOO Published March 26, 2025 The 22nd edition of ITS, founded by Barbara Franchin in 2002, embraced this year’s theme, Borderless. The competition has solidified a new format, introduced last year, where all ten finalists automatically receive the ITS Creative Excellence Award 10x10x10. Among them, the jury gave Raynor a special…
Translated by Nazia BIBI KEENOO Published March 26, 2025 Tous, the famous Spanish jewelry brand, reported record-breaking revenue in 2024. According to a statement released on Tuesday, the company saw its sales grow by 9.4% over the last fiscal year, reaching $570 million. However, net profit declined to $49 million from $54 million in 2023….
By Adnkronos Translated by Nicola Mira Published March 25, 2025 Negotiations between Prada and Capri Holdings for the Milanese luxury group’s acquisition of Versace could be concluded in a matter of weeks. According to rumours reported in the last few days by Italian business daily Il Sole 24 Ore, an April 10 deadline has been…