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.
The LVMH-owned travel retail group announced today its plans to open a suite of luxury boutiques in Queen’s Wharf, a development on the Brisbane River expected to launch in 2022.
The complex will span over 6,000 square metres, feature offerings from over 100 luxury brands.
In recent months, DFS has been among the travel retail players investing in up-and-coming duty free hubs that will allow it to better target luxury shoppers unable to travel globally: earlier this month, DFS and partner Shenzhen Duty Free Group unveiled the first phase of their new downtown duty free shopping complex in Hainan, China. Like Hainan, DFS is betting that Brisbane will benefit from a rebound in visits and spending once the sector recovers from the pandemic.
The company’s recent introduction of a marketplace model has led to a flood of listings for new, high-end goods by third-party sellers. Some brands aren’t happy, but there may not be much they can do.
A new study from Trove and Worldly found that if luxury and outdoor apparel brands can grow their resale offering to account for a quarter of total revenue, then they can substantially reduce carbon emissions. Fast fashion, not so much.
The US Federal Trade Commission filed a long-awaited antitrust lawsuit against Amazon on Tuesday, charging the online retailer with harming consumers through higher prices in the latest US government legal action aimed at breaking Big Tech’s dominance of the internet.
Malls across the US have been ‘flash robbed’ by groups of about 20 to 30 suspects stealing retail merchandise.