Can anything stop Inditex? Not at the moment it seems. The Zara owner said this morning that its profits rose by 20% in the nine-months to the end of October and that the Christmas shopping season has got off to a good start. You bet it has. Sales from November 1 to December 3 have risen 15%…
“Please let Mulberry’s turnaround work,” I thought to myself as I opened the notification of its latest half-year report this morning. You see, despite the brand’s attempts to compete with the Pradas and Guccis and squeeze ever-higher amounts of money out of its customers in recent years, like many people in the UK, I do…
Poor working conditions. Inability to meet demand. Slow trend response. They’re all consequences of the move to low-cost manufacturing in factories many thousands miles from brands’ creative centres… until now, that is. Fashion has finally got what the car industry has known for decades – robots can make a difference, a BIG difference. A German…
So, the dust has settled on Black Friday and Cyber Monday and we can finally see what impact they had on shopping. In the UK, it was … well, very little. Really? After all that fuss, crashed websites and reports of surging sales? Yes, according to a report from Visa and Markit that showed little…
Hey, guess what – e-commerce is becoming really important to the luxury sector but not enough luxury brands quite ‘get it’ yet. OK, tell us something we don’t know. But cynicism aside, it’s always interesting when someone pulls that kind of information together and puts it into context. And that’s what L2’s latest Digital IQ…
The news gets worse at Gap Inc. The retail giant said that November sales fell 9%, or 8% on a currency-neutral basis. It has struggled to produce sales growth for some years but last year it did at least manage a 6% sales rise in November.
What’s to be done about J Crew? The company that was riding high and even considering an IPO just a couple of years ago has looked to be in danger of turning into fashion’s biggest basket case. It even admitted yesterday that the goodwill attached to the name is now zero compared to $1bn-plus not…
Calvin Klein and Tommy Hilfiger failed to light a fire under owner PVH in Q3 results as the company reported profits down from nearly $226m a year ago to just shy of $222m this time. Or did they? Let’s be fair – the company made $221.9m in profits and revenue of $2.16bn (down from $2.23bn…
The rewards of success. American Eagle has turned its fortunes around and returning interim CEO Jay Schottenstein is now permanent. The intimates Aerie brand is going from strength to strength and the shares are on an upward trajectory. Holiday season sales at the youth retailer are off to a “solid start” and should rise in…
The rewards of failure. Tamara Mellon, the woman who turned Jimmy Choo into a footwear phenomenon, has filed for voluntary Chapter 11 bankruptcy protection. In case you don’t know, that’s a US system that allows companies time to reorganise and hopefully get back on track without the threat of creditors moving in to close it…
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