Translated by Nazia BIBI KEENOO Published April 17, 2025 Hermès is continuing its momentum into 2025, despite a complex economic backdrop. In the first quarter, the French luxury house reported revenue of €4.1 billion, marking a 9% increase, or 7% at constant exchange rates, compared to the same period last year. Growth was seen across…
Sainsbury’s has released its results for the 52 weeks to the beginning of March and while most of the activity in its latest year was about food, it also has a large fashion and general merchandise business that appears to be mainly strong, despite its Argos unit trailing earlier in the year. Tu Clothing Total…
By Reuters Published April 17, 2025 The ripple effects of Donald Trump’s global trade war are increasingly being felt across numerous industries all at once and on Wednesday were once again exerting pressure on U.S. stock markets that have been roiled for weeks by his erratic trade policies. President Donald Trump – White House Stocks…
By Reuters Published April 16, 2025 The rapid rise of ultra-fast fashion retailer Shein has been so key to the fortunes of a group of urban villages on the outskirts of China’s southern metropolis of Guangzhou that they have been colloquially dubbed “Shein villages”. Reuters Shein was able to become a behemoth selling over $30…
Translated by Nazia BIBI KEENOO Published April 16, 2025 Tiffany & Co. has opened a new store on Via Monte Napoleone in Milan. Inspired by The Landmark—its iconic Fifth Avenue flagship—the boutique reflects the modern aesthetic of the New York-based fine jeweler, which was founded by Charles Lewis Tiffany in 1837 and became part of…
Translated by Roberta HERRERA Published April 16, 2025 Desigual ended its 2024 fiscal year with a turnover of €332 million, driven primarily by an increase in international sales and the strong performance of its online channel. Pretax profit reached €3.1 million, a slight increase from the €3.04 million recorded in the 2022 fiscal year—the most…
A new study has highlighted how ‘challenger’ activewear brands are winning out on social media, often beating the big names of the sports biz in their ability to reach consumers. Gymshark Global influencer and social intelligence platform WeArisma has launched its Sports and Athleisure 2025 State of Influence report and called out names like Gymshark…
UK retailers have had a lot to complain about recently, including business rates and National Insurance contributions. But one of their biggest bugbears is the so-called tourist tax and the government has signalled that it might be open to revisiting the issue. Photo: Pexels/Public domain VAT-free shopping for tourists was all-but-abolished in the wake of…
Under Armour announced on Tuesday the appointment of Dawn Fitzpatrick, Eugene Smith, and Robert Sweeney to the U.S. sportswear firm’s board of directors. Under Armour For the last eight years, Fitzpatrick has served as chief executive officer and chief investment officer of Soros Fund Management, privately held investment management firm. Before joining Soros in 2017, the executive spent…
Translated by Nazia BIBI KEENOO Published April 15, 2025 French craftsmanship took center stage at Salone del Mobile 2025, with two of the most renowned luxury labels spotlighting glass at the heart of their home collections. While Hermès embraced a bold scenographic installation filled with light and color, Dior opted for a refined, in-store reveal…