Billabong: badly battered but bullish

“Short-term turbulence” is what Billabong’s CEO is calling it. But investors saw it differently. The surfwear specialist gave a trading update and the news wasn’t good. So what did CEO Neil Fiske have to say (and bear in mind that with the share price plunging 23% it must have been pretty bad)?

Gucci: Michele factor sends sales soaring

Interesting piece in the Business of Fashion today. Apparently Gucci won’t be marking down Alessandro Michele’s AW15 women’s and men’s collections. Actually, it might. The company could possibly have just enough left over of the collections that Michele designed in a week during January to supply Gucci’s outlet stores. But that’s not a certainty as…

Emma Cook, Alasdhair Willis to join Warehouse

Expect some big changes at Warehouse. It looks like Warehouse’s dynamic CEO Liz Evans has scored with the news that Emma Cook is joining design director and brand consultant Alasdhair Willis is taking a seat on the board. Cook and Willis have been tasked with delivering a completely new brand proposition which means changes to…

Paris, Brussels, London: Shopper traffic down

France’s government may have been encouraging citizens to “go shopping” but it appears many of them aren’t listening, at least as far as physical stores in Paris are concerned. And the fear of shopping appears to have been exported with lower footfall in London too, while Brussels remains a ghost town.