French luxury goods firm Hermes , known for its $10,000-plus Birkin handbags, on Wednesday posted record margins for 2017 and said it would make an extraordinary payout to shareholders as well as hike its dividend.
Moss Bros has seen a perfect storm of problems. Its supplier consolidation has backfired in the short term causing stock shortages, while bad weather and consumer caution have hurt turnover and led to a profit warning.
British fashion brands like Victoria Beckham, Vivienne Westwood and Wool and the Gang are set to benefit from an advertising campaign running across three major Chinese and Hong Kong e-tailers next week.
LK Bennett surprised the retail sector when it named Darren Topp, ex-boss of failed BHS, as its CEO, but now it seems that Topp is leaving and Erica Vilkauls, who recently ran the failed East chain, is on board.
John Lewis must be hoping for a big sales uplift in the current week as it opens it 50th department store today at Westfield London. But for last week, it saw a total company sales increase of only 2% to £206m.
Further evidence of the importance of cycling as an expanding sports category has come with news that UK brands giant Pentland has bought the Scotland-based Endura cycle clothing and accessories label.
Harrods MD Michael Ward is upbeat on the change the next few years will bring but says it will be tough for rivals without a USP as the store spends mega-money to focus on experiences, Millennials and the global shopper.
Claire’s Stores Inc said on Monday it filed for Chapter 11 bankruptcy protection and expects to reduce debt by about $1.9 billion, as the struggling retailer of girls’ accessories combats a fall in mall traffic.
Wolford is clearly on the recovery trail but changes in the way department stores display hosiery dented its wholesale turnover in key markets like the US, UK, France and Germany in the first nine months of the year.
British Formula One champion Lewis Hamilton has been unveiled as the new face of all Tommy Hilfiger's menswear labels, further deepening the brand's ties to motor racing following the launch of its Mercedes deal.