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Canada Goose lowers reliance on department stores in recovery push

Canada Goose lowers reliance on department stores in recovery push

Canada Goose Holdings Inc said on Wednesday it would limit shipments to department stores and focus on its own outlets and website to shore up profit margins, as it looks to cushion the blow from the COVID-19 pandemic.
Luxury
New rental service The Devout to launch this month

New rental service The Devout to launch this month

British start-up The Devout is launching a fashion rental subscription, offering consumers the option to pay £79 a month to get five items of their choice from a selection of premium brands.
Fashion
Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering takes public stand against racism: contributes to NAACP and to Campaign Zero

Kering, one of the largest luxury groups on the planet, has made financial commitment to fight racism, with contributions to the NAACP and to Campaign Zero – following eight days of protests in multiple American cities.
Fashion
Global luxury labels joining Alibaba sales event have doubled

Global luxury labels joining Alibaba sales event have doubled

Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Fashion
Rebekka Bay becomes Marimekko creative director

Rebekka Bay becomes Marimekko creative director

Marimekko has named former Gap creative chief Rebekka Bay as its new Creative Director, starting in September.
Fashion
YNAP launches AI research project with Italian university

YNAP launches AI research project with Italian university

YNAP has announced the launch of a new programme to boost development of AI-based technologies designed to transform the e-tail experience. That will include features such as visual search and virtual try-on.
Fashion
Hunter secures rescue deal as existing backer increases stake

Hunter secures rescue deal as existing backer increases stake

Celebrity favourite Hunter Boots has clinched a rescue following a sales plunge due to the coronavirus crisis. A further £16.5m is being pumped into the firm to keep it going and growing through the crisis and beyond.
Fashion
Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet mall to reopen before rest of leisure complex

Icon Outlet at The O2 is to reopen on the first day that it can with a comeback planned for June 15 as part of a phased reopening approach for the destination leisure complex.
Fashion
A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients

A Common Thread names Bode, Rodarte, Brother Vellies and Rachel Comey among first round of grant recipients

The CFDA and Vogue's Covid-19 relief fund announced that $2.13 million will be distributed to 44 businesses in the fund's first round.
Luxury
LDC launches 'phygital' shoppable windows in London

LDC launches 'phygital' shoppable windows in London

The independent designer concept store has unveiled several shoppable windows on London’s South Molton Street allowing independent brands to showcase their products whilst observing social distancing.
Fashion
Famed Paris store Galeries Lafayette to reopen

Famed Paris store Galeries Lafayette to reopen

Paris's famed Galeries Lafayette department store, which receives some 37 million visitors every year, will reopen this weekend after being shuttered for nearly three months by the coronavirus pandemic, it said Friday.
Luxury
Prada sees 10%+ sales rise in China, but Europe will stay slow

Prada sees 10%+ sales rise in China, but Europe will stay slow

Prada has seen a double-digit increase in comparable sales in China this month, although there's still some way to go before the company can say its China business is back to full health following the lockdown.
Fashion
French fashion federation to host virtual haute couture season online in July in Paris

French fashion federation to host virtual haute couture season online in July in Paris

Haute couture is back on - at least digitally. The Fédération de la Haute Couture et de la Mode, the body which controls the Paris catwalk seasons, has announced that it will host a haute couture online season in July.
Luxury
Tomorrow and Alessandro Dell’Acqua’s N21 form strategic partnership

Tomorrow and Alessandro Dell’Acqua’s N21 form strategic partnership

London-based consultancy Tomorrow has announced a “360-degree” partnership with Italian RTW brand N21. The strategic partnership will span distribution, events, strategy and a mentorship programme for emerging talent.
Luxury
Harrods Outlet to open in Westfield to thin out clearance sale crowds

Harrods Outlet to open in Westfield to thin out clearance sale crowds

Luxury department store Harrods will open a new Outlet branch in Westfield London for its clearance sale, relieving pressure on its flagship and allowing it to focus on new collections in the Knightsbridge store.
Luxury
Salvatore Ferragamo rehires former CEO Michele Norsa

Salvatore Ferragamo rehires former CEO Michele Norsa

As the Ferragamo family steps down from its executive roles, the Florentine label has appointed Michele Norsa, who led the company from 2006 to 2016, as executive deputy chairman, alongside CEO Micaela le Divelec Lemmi.
Luxury