The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
LONDON, United Kingdom — British retailers endured their worst September since records started in the mid-1990s, a retail survey showed on Monday, adding to signs that the consumer economy is starting to crack in the run-up to Brexit.
The British Retail Consortium said total retail sales values declined 1.3 percent in the year to September. Average growth over the last 12 months declined to 0.2 percent, the lowest rate on record, the BRC said.
The figures had been due at 2301 GMT but the BRC brought forward their publication.
By Andy Bruce; editor: Raissa Kasolowsky.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.
The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.
Nordstrom, Tod’s and L’Occitane are all pushing for privatisation. Ultimately, their fate will not be determined by whether they are under the scrutiny of public investors.