Online luxury resale platform The Real Real announced on Thursday that gross merchandise value (GMV) for December recorded a 40 percent uptick on the year prior, and a 49 percent gain on pre-pandemic December 2019.
Due to the pandemic’s renewed surge, the Man show has cancelled its January 21-23 session, set to be held again at the Vendôme Pavilion in Paris. The show’s New York edition will go ahead as planned on January 26-28.
As Covid’s Omicron variant spreads in France, the government has restricted attendance to major public events in January. The Who's Next show has confirmed its dates, but Maison&Objet has been postponed to March.
Due to the worsening pandemic situation and challenges facing foreign visitors/ exhibitors travelling to Paris, the organisers have postponed trade shows Salon International de la Lingerie and Interfilière to June 18-20.
Theo Paphitis Retail Group, which owns lingerie chain Boux Avenue (as well as household and hardware goods retailer Robert Dyas), saw sales rising 15.6% in the six weeks to December 24, compared to two years ago.
Billed as one of the biggest commercial property deals in recent years, two designer outlet malls in England have been sold for £600m. Cheshire Oaks and Swindon Designer Outlet have been bought by LaSalle.
Buy-Now-Pay-Later (BNPL) schemes have been criticised by Which? with the UK consumer body calling for stronger safeguards to stop online shoppers from choosing such loans to pay for products “without knowing the risks”.
Adidas and Prada are moving their existing collaboration deal a step forward with the first-time addition of clothing and a big focus on sustainability by using the Italian luxury label’s Re-Nylon material.
Womenswear e-tailer Sosandar has turned in yet another record-breaking set of figures with the company saying on Thursday that Q3 — the three months to the end of December — saw revenue up 122% year-on-year.
Next has reported full-price sales up as much as 20% in the eight weeks to Christmas Day, compared to 2019. It's good news for the fashion retail giant that sold products adding up to £70m more than it had expected.