Several messages were very clear from the World Retail Congress (WRC) in London this week — it’s an uncertain world that isn’t going to get more certain any time soon, the industry is evolving at speed, and retail business models need to adapt to drive growth. Photo: Pexels That latter point is the key one…
Watches of Switzerland Group delivered a 52-week trading update on Thursday and said its performance was “in line with market expectations” plus it made “strong strategic and operational progress with significant performance improvement in H2”. The company was formerly a perennial outperformer but had seen its seemingly unstoppable growth stalling in recent periods so any…
LuxExperience has reported Q3 results for its legacy Mytheresa business and said it saw a “solid” net sales rise of almost 4% plus “continued strong adjusted EBITDA profitability at a 4% margin”. MYTHERESA Q3 of FY25 covers the three months to the end of March and the company said it saw the growth despite a…
By Reuters Published May 6, 2025 Growing numbers of retailers and consumer brands are shifting their focus to Europe and other markets from the United States, as they expect U.S. tariffs to spark price hikes that will drive American consumer demand down. Reuters European online fashion retailer Zalando, which sells logistics and software services to…
Meta said on Wednesday that it expected to see strong revenue growth in its advertising business in the coming months, even as President Trump’s tariffs threaten to batter the global economy. The Silicon Valley company, which owns Facebook, Instagram and WhatsApp, also reported rising revenue and profit for the first quarter, buoyed by Instagram and…
Ermenegildo Zegna Group announced on Thursday steady revenues for the first quarter, as strong direct-to-consumer sales offset a slump in wholesale revenues. See catwalkZegna – Fall-Winter2025 – 2026 – Menswear – Italie – Milan – ©Launchmetrics/spotlight The Italian group saide total revenues fell 0.9% to €458.8 million for the first quarter ending March 31. By brand,…
By Bloomberg Published April 17, 2025 Vietnam furniture exporter Paul Yang is in a 90-day race. The vice president of a factory that makes indoor wood furnishings for the likes of Williams-Sonoma, Inc. and Crate & Barrel Holdings Inc. is being urged by American customers to ship “anything that’s ready” to them in the window…
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…
JD Sports Fashion had plenty of news Wednesday beyond its trading update with the retail giant also outlining its medium-term strategy and warning of volatile trading. In an interview, its chairman Andrew Higginson also criticised the uncertainty created by President Trump’s trade war and said that prices could rise. But he ruled out moving production…
Fashion platform Lyst has announced that it will be acquired by Japan’s ZOZO, “transforming the future of fashion discovery through AI and technology”. Lyst It said they have a “shared vision to transform [the] online fashion shopping experience for shoppers and brands” and that their “complementary footprints and tech capabilities” will be able to “unlock…