Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters.
January saw another slowdown for e-tail sales with the new IMRG Capgemini Online Retail Index — which tracks the sales performance of 200+ e-tailers — showing the worst figures ever recorded with a decline of 24.4%.
The disappearance of Gap from UK high streets may have been one of the most headline-grabbing effects of the pandemic, but it's soon to make a comeback to physical retail in Britain, albeit in a slightly different form.
London Designer Outlet (LDO) is about to be boosted yet again with another major retail brand upsizing at the west London mall. Nike is endorsing its presence there by opening a much bigger store on the 84-acre site.
French premium fashion brand Iro is focusing on accelerating its omnichannel strategy, penetrating new markets and increasing the affluence of its men's collection in order to drive growth.
Kenzo, Prada and Ambush are some of the many luxury labels active in the virtual world, whether commercialising NFTs or making significant investments in the metaverse, as Philipp Plein and Gucci did recently.
Wood Wood, the Danish streetwear label, is adding its WW Life Store concept to its London store on Brewer Street from this Friday.
Pepco’s Poundland has opened its biggest UK location with a debut at Nottingham’s Riverside Retail Park. The store heavily features its Pep&Co fashion offer complete with changing rooms.
Banking giant Barclays is calling for the ‘buy now, pay later’ market to be subject to the same stringent regulation as the wider consumer credit sector.
UK retail footfall continues to lag the pre-pandemic period but also to recover from the disaster year of 2020. The latest weekly report from Ipsos showed non-food footfall was down 24.6% on a two-year basis last week.
Central London footfall may still be lagging the pre-pandemic period but the upscale Mayfair and Belgravia area controlled by Grosvenor is recovering as far as occupancy is concerned.
Another chapter closes in the history of the maison currently in the hands of the American group G-III. The brand will leave the 175 Bv de Saint Germain space indefinitely and sell its 40,000 books.
Dan Cohen, co-founder of the brand, and Ilan Amar have “found the path to profitability” by transforming the business model of the French label on the European market.
In two years, the share of sales accounted for by own brands has risen from 9% to 11%, according to a study by IADS, the association of 12 international department store chains whose own-brand business is growing.
Sotheby's announced Wednesday that an auction of 200 pairs of the Louis Vuitton and Nike "Air Force 1" sneaker created by late US designer Virgil Abloh had fetched a total of $25 million.
