Bondholders Approve Saks Global’s Five-Year Business Plan
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
consumer-spending
Fashion Week
Fashion’s New Outlook on 2020
Six takeaways from Paris Fashion Week, where everything from the coronavirus to end-times fashion changed the conversation we'll be having for the rest of the year.
Fashion’s New Outlook on 2020
Six takeaways from Paris Fashion Week, where everything from the coronavirus to end-times fashion changed the conversation we'll be having for the rest of the year.
Global Markets
Hong Kong Retail Sales Down 21.4% Due to Coronavirus
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
Hong Kong Retail Sales Down 21.4% Due to Coronavirus
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
Retail
Hong Kong Retailers in Battle for Rental Cuts
Shop owners are calling for temporary rent cuts as consumer spending falls amid the coronavirus outbreak and months of political unrest.
Hong Kong Retailers in Battle for Rental Cuts
Shop owners are calling for temporary rent cuts as consumer spending falls amid the coronavirus outbreak and months of political unrest.
Retail
Post-Brexit Trade Deal Could Increase Retail Prices
Negotiations on a new relationship between Britain and the EU will start next month.
Post-Brexit Trade Deal Could Increase Retail Prices
Negotiations on a new relationship between Britain and the EU will start next month.
Luxury
Italy's Fashion Industry Shows Promise Despite Coronavirus Outbreak
The country's luxury goods sector is expected to see revenue rise to $87 billion in 2021.
Italy's Fashion Industry Shows Promise Despite Coronavirus Outbreak
The country's luxury goods sector is expected to see revenue rise to $87 billion in 2021.
Retail
UK Consumer Spending Shows Signs of Wariness
The average retail spending by Britain's shoppers is at its lowest since 1995.
UK Consumer Spending Shows Signs of Wariness
The average retail spending by Britain's shoppers is at its lowest since 1995.
Retail
UK Retailers See Biggest Sales Jump in Six Years
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
UK Retailers See Biggest Sales Jump in Six Years
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
Retail
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
Retail
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
Retail
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
Sustainability
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
Global Markets
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
The News in Brief
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
Trump Signs Order to Combat Fraudulent ‘Made in America’ Labels, White House Says
The executive order directs the FTC chairman to prioritise enforcement of existing laws against sellers and manufacturers who falsely claim products are made in America.
Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Ulta Beauty Forecasts Annual Profit Below Estimates
Shares declined in after-hours trading as the beauty retailer expressed a cautious outlook for 2026.
Exclusive: Brita Invests in Shower Filter Firm Hello Klean
The German water filtration firm has acquired a minority stake in Hello Klean, which sells shower heads it claims mitigate the effects of hard water.
AII Launches Industry-First Tool Standardising Measurement of Carbon Emissions
The new tool published by the climate-focused nonprofit aims to create a standardised benchmark across textile facilities to accelerate fashion’s efforts to decarbonise.
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.