Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the retailer closed its stores on Monday, hampered by supply constraints.
At Kering’s Imagination Lab in Paris, Grégory Boutté, the luxury group's chief client & digital officer, spoke to the press about cryptocurrencies, AI, test-and-learn and his vision for the metaverse and Web3.
H&M has shut its flagship Shanghai store, its latest closure in China where consumer demand has slumped amid COVID-19 lockdowns and it has received backlash against companies that refuse to use Xinjiang cotton.
With the UK beauty market booming, Botox is going even more mainstream. Once confined to high street clinics, Botox treatments are now available at John Lewis beauty departments for customers aged 25+.
Luxury watches and jewellery retailer Watches of Switzerland Group has begun its European rollout with the opening of a Breitling store in Stockholm. It’s a milestone that marks the next stage of its expansion plan.
With experiences becoming ever more important in post-pandemic retail, this move must be music to the ears of one major mall. Ministry of Sound is to take over the former House of Fraser store at Westfield London.
On July 14, Louis Vuitton will open its newest freestanding store dedicated to the men’s universe on Rodeo Drive. Ready-to-wear, accessories, publishing, iconic trunks and Objets Nomades will be presented.
Nike is making a full exit from Russia three months after suspending its operations there, the U.S. sportswear maker told Reuters on Thursday, as the pace of Western companies leaving the country accelerates.