Marks & Spencer Group hired Helen Weir to succeed Alan Stewart as chief financial officer, recruiting from one of its main UK retail competitors.
Department stores are starting to enjoy a renaissance after finding ways to attract a new generation of consumers in an age of global fashion chains and online shopping.
Fashion retailers are increasingly integrating slick interactive technology into their physical flagships. But is all this in-store technology actually making the tills ring or merely providing opportunities for short-term PR?
PARIS, France — Retailers in Europe are predicting their best Christmas since the financial crisis, though optimism is laced with caution in the face of rising e-commerce and early discounting in a fragile economic recovery.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
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.
Copyrighting Fashion: Who Gains? (NY Times) “Paradoxically, the payoff from free copying has been enormous. The fashion cycle turns faster, and the industry gets richer – and creates new designs more frequently. So why on earth would anyone want to change that?” Luxury brands wrest back China market, eye smaller cities (Reuters) “Many piled into China over the last decade, pairing with re-sellers and joint
What’s Next: Luxury Products (WSJ) “Pierre-Alexis Dumas embraces innovation. But as the sixth-generation member of his family to lead, in his case, the creative end of the French luxury house Hermès, he must uphold tradition, as well.” John Lewis Adds to Evidence Of February Sales Bounce (NY Times) “Bellwether retailer John Lewis posted another double-digit percentage rise in weekly sales as wet weather
Benetton’s Faded Colors (Time) “Benetton, which had sales last year of about $3 billion, hasn’t gone away. The ads for its United Colors of Benetton stores are tamer and its growth less stellar, but even in middle age — the brand turned 43 this year — Benetton is proving itself to be a case study in business management.” Luxe Market Faces Wealth of Challenges (Adweek) “With economic conditions
Despite Fourth-Quarter Loss, J. Crew Sees Room to Grow (WWD) “Tightfisted consumers and rising costs may have pushed J. Crew Group Inc. to a $13.5 million loss in the fourth quarter, but the retailer still has cautious expansion.” (Subscription required) Has spring sprung for US retailers? (Just-Style) Though February sales have improved, this is an unlikely sign of a total recovery. Simon Fuller to launch fashion