Debenhams Plc, the U.K.’s third- largest department-store chain, said it’s reducing the level of discounts ahead of the key Christmas season to avoid the damage to profitability that price cuts caused last year.
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
LONDON, United Kingdom — Debenhams, Britain's No. 2 department store group, posted slower sales growth for its latest trading period as unhelpful weather and a tough consumer environment took their toll.
MUMBAI, India — India is the next great frontier for global retailers, but a daunting array of permits force retailers to pay so-called "speed money" through middlemen or local partners to set up shop.
Middle East Retail Returns to Growth Track (WWD) “The retail pulse is back in the Middle East. Fashion brands point to positive trends in the region, including the return of tourists, particularly in Dubai. Wealthy Chinese are streaming in… shoring up a fast-growing destination for Europe’s luxury players even though business isn’t near pre-recession levels.” Debenhams refinances, sees lower interest costs
Guess Sets Its Sights on Europe (Business Week) “The iconic maker of fashion jeans and other apparel is expanding fast in Europe with a new retail push and tighter control of its brand.” A Not-So-Guilty Pleasure (NY Times) “For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine — and shoes.” Luxury brands are back to
How Versace went from rags to riches—and back again (Newsweek) “Donatella Versace, tiny, sculpted and forever blonde, was standing backstage after her menswear show at the Teatro Versace in Milan in June… it all felt feeble, pathetic—a sad, soulless charade to promote something that no longer exists.” Luxury perfume houses are expanding (FT) “Forget the lipstick index as economic indicator; in this
NY garment district battling for survival (Reuters) “New York’s reputation as a global fashion capital is under threat with the city’s once bustling garment district facing extinction, experts say.” A Minimalist Gets a Makeover (WSJ) “Under the Bryant Park tents of New York fashion week Tuesday evening, Narciso Rodriguez will show off his typically minimalist evening gowns and day dresses. What the