Once considered the crown jewel of Britain’s retail sector, Oxford Street suffered a collapse in visitors during the pandemic and struggled to recover. New businesses are hoping to change that.
Once considered the crown jewel of Britain’s retail sector, Oxford Street suffered a collapse in visitors during the pandemic and struggled to recover. New businesses are hoping to change that.
Founder José Neves and eight other c-suite executives are departing the luxury marketplace, which faces an uncertain future under its new owner.
Founder José Neves and eight other c-suite executives are departing the luxury marketplace, which faces an uncertain future under its new owner.
Uncertainty over how BNPL companies can make money in the long run, high interest rates and concerns over luring shoppers into unwise debt levels are factors this sector has to grapple with.
Uncertainty over how BNPL companies can make money in the long run, high interest rates and concerns over luring shoppers into unwise debt levels are factors this sector has to grapple with.
The luxury marketplace's founder is one of several high-ranking employees who are leaving less than a month after the company was acquired by Coupang.
The luxury marketplace's founder is one of several high-ranking employees who are leaving less than a month after the company was acquired by Coupang.
The retailer has struggled to keep pace with the times and has occupied an increasingly untenable spot: not prestigious enough to compete with the luxury brands, yet too expensive to go head-to-head with rapidly growing low-cost rivals.
The retailer has struggled to keep pace with the times and has occupied an increasingly untenable spot: not prestigious enough to compete with the luxury brands, yet too expensive to go head-to-head with rapidly growing low-cost rivals.
Just over a month after announcing his split with Nike after 27 years last month, Tiger Woods is back in the golf wear game.
Just over a month after announcing his split with Nike after 27 years last month, Tiger Woods is back in the golf wear game.
This week, the French luxury giant scored a $4 million win in its closely watched lawsuit against US reseller What Goes Around Comes Around. The verdict ratchets up legal risk for resellers, making secondhand luxury ‘a more dangerous business.’
This week, the French luxury giant scored a $4 million win in its closely watched lawsuit against US reseller What Goes Around Comes Around. The verdict ratchets up legal risk for resellers, making secondhand luxury ‘a more dangerous business.’
The slew of blockbuster deals from LVMH, Kering and Prada are proving to be a bright spot in an otherwise tough commercial property market.
The slew of blockbuster deals from LVMH, Kering and Prada are proving to be a bright spot in an otherwise tough commercial property market.
Gap Inc.’s bet on bringing a touch of luxury to its affordable clothing line could be a strong one, but it must be mindful not to repeat its recent mistakes in trying to force a mainstream brand onto the runway as it did with Banana Republic.
Gap Inc.’s bet on bringing a touch of luxury to its affordable clothing line could be a strong one, but it must be mindful not to repeat its recent mistakes in trying to force a mainstream brand onto the runway as it did with Banana Republic.
The peer-to-peer rental service sidesteps some problems that have plagued Rent the Runway. But it’s not without its own complications (just ask Pickle power users’ dry cleaners).
The peer-to-peer rental service sidesteps some problems that have plagued Rent the Runway. But it’s not without its own complications (just ask Pickle power users’ dry cleaners).
A jury agreed that the reseller had misled consumers by promoting the luxury brand’s goods in its marketing materials and claiming that the pre-owned pieces are authentic.
A jury agreed that the reseller had misled consumers by promoting the luxury brand’s goods in its marketing materials and claiming that the pre-owned pieces are authentic.
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
The American designer is tasked with reinvigorating the company’s entire portfolio, working directly alongside its new CEO, Richard Dickson, BoF has learned. He’ll also play a more hands-on role at Old Navy as chief creative officer.
The retailer issued a cautious full-year forecast for sales and profit despite strong performance at Bloomingdale’s, which has benefited from shoppers seeking alternatives to struggling rival Saks Global.
The company has been hampered with disruptions to supply chains, elevated inflation, growing competition from low-cost manufacturers and trade tariffs.
The proposal would give companies the option to share results twice a year.
Saks is moving towards exiting bankruptcy and tapped an additional $300 million of its Chapter 11 financing package.
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.
The European retailer forecast a rise in full-year adjusted operating profit and announced a share buyback, citing the productivity and cost-saving benefits of AI.
The Spanish retailer registered robust sales growth at the start of its current fiscal year in the face of weakening consumer sentiment that’s hitting many of its peers.
The German designer brand reported better-than-expected fourth-quarter results driven by its strategy to close stores and revamp its offerings.