Burberry had a lot to shout about this morning and while it wasn’t all good, most of it was after Q3 showed that it’s on track for a recovery from the battering that has dented much of the luxury sector in recent periods. First the facts: It sold a lot of product (much of it…
Now that’s what I call a trading statement. SuperGroup I mean. In the same week as M&S reported retail Armageddon and online sales barely moving, SuperGroup today said the half year to October 29 saw group revenues up 31.1% to £334m and its online sales soared 25%.
Luxury handbags may not be doing as well as they used to at the moment but expensive not-quite-luxury bags with cute stuff one them seem to be holding their own. At least Kate Spade’s are – just. The company said yesterday that its net sales rose 14.1% in Q3, which is a lot better than…
Handbags have been having a tough time this year. So has luxury. So what do you do when you’re a luxury handbag maker? Probably get down on your knees and be thankful you’re keeping your head above water. Coach on Tuesday showed that it’s certainly managed to avoid drowning but it’s a close thing. Its…
Temperley London is in talks to kick off the next stage of its business with plans to move into lifestyle product. Alice Temperley announced the news yesterday evening at a Fashion week event organised by theindustrylondon.com but stressed that talks are at an early stage.
The luxury sector is closely watched at the moment to see who’s up and who’s down (Gucci’s up, obviously, and Prada’s down) but Chanel is usually one of those brands that just goes on and on, rising above the herd. So it says something about the state of the luxury market when even Chanel’s sales…
There’s big change due at Prada. The company that was always known for being ahead of trend has finally discovered that new-fangled thing called the internet and has a bold new strategy to make the most of this great innovation. After all, analysts think online sales already account for around 2% of Prada group sales.…
Michael Kors and Ralph Lauren have a headache. Their very American versions of luxury and their close links to department stores just aren’t delivering growth these days.
There are several popular excuses for companies not doing so well at the moment. Brexit (but that only really counts if you’re UK-based). Lack of tourists (popular with with companies in ‘destination’ markets worldwide). The weather (available for use by anyone). And fashion mis-steps (the one chosen by those who really want to admit their…
The luxury sector is being closely watched at the moment for any signs of a recovery, or even of a further downturn. And none is more closely watched than the world’s biggest, LVMH. So what did the Louis Vuitton and Fendi owner serve up yesterday? Well first of all, a definite statement that it intends…
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