The Menomonee Falls, Wisconsin-based department store retailer has sent a letter to its shareholders ahead of its annual meeting in May, highlighting the progress made by its current board of directors.
In the last year, the luxury industry’s digitalisation process has accelerated at all levels, radically transforming the labels’ relationship with the public, as shown recently by Bottega Veneta, Versace and Balmain.
According to a study from data analysis specialist Retviews, the label's success is down to its focus on its assortment, which brings together exclusivity and inclusivity, and its reactiveness to trends.
Luxury leathergoods brand Smythson's accounts show the year to March 29 2020 was a difficult one for the firm. But a sale and licence-back deal since then has offered stability and a digital focus is yielding rewards.
Next delivered a profits plunge and lower sales in its latest year. But given the Covid crisis during the period, its results on Thursday still showed it to be one of the more successful businesses in British fashion.
The owner of Umbro and Lee Cooper reported a Q4 loss of $14.1 million, or $1.06 per share, on Wednesday, a significant improvement from a loss of $93.0 million, or $7.94 per diluted share, in the prior-year period.