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…
Today’s story about Amazon testing drone deliveries in the UK isn’t just about the company finding a government happy to progress with the tech. It’s also about the size of the UK market and its importance to e-tailers. New data from European fashion aggregator Stylight backs that up with news that as many as 87%…
Are we a step closer to getting our online products delivered by drone? Could be. Amazon said yesterday it’s struck a deal with the UK government to get us there faster. Britain’s Civil Aviation Authority and a cross-government team have given the e-tail giant the necessary permission to “explore the steps needed to make the…
A new survey shows just how important listing e-tail prices in local currencies is for shoppers. The survey, from business translation specialist One Hour Translation, shows that 80% of UK consumers won’t buy from sites if the prices aren’t listed in British pounds. That’s a big problem in itself given the that the UK online…
So LVMH is selling DKNY to G-III Apparel with G-III’s CEO calling DKNY “iconic” and LVMH’s MD saying the “time was right”. Apart from that opening sentence probably containing more initial letters than any I’ve written in my entire life, there’s no actual surprise there. The fact is that the US-based Donna Karan business never…
Amazon is getting ready to spend at least an extra €500m in Italy as that country’s government plans to boost its digital commerce credentials, according to reports. Italy is lagging other developed on the broadband and e-commerce front but the Italian prime minister Matteo Renzi this spring announced a major boost to speed up broadband…
Luxury fashion company Tod’s is currently trying to reinvent itself, adjusting its product and moving from a two-seasons-a-year model to a new-season-each-month one. And it seems that the plan couldn’t come soon enough because tough conditions mean the luxury sector is currently in need of a change. The company has just reported its first half…
Company AGMs are usually, well, boring. Occasionally they’re love-ins (when the company concerned is hugely successful). Occasionally they’re snipe-fests (when shareholders are moaning about executive pay like at BP or yet another disappointing year and “not enough simple classics” like at M&S). But at other times they actually turn into something worthwhile with a) interesting…
There’s more evidence from the US that consumers will carry on shopping but that bargains are their major focus. RetailMeNot has released a new study showing that back-to-school (BTS) spending should rise this year, but that even the affluent want deals and that price cuts tempt us all to spend more.
Consumers may be nervous at the moment but they’re not holding back from spending online. How so? Well, UK e-sales continued their upwards trajectory in the run-up to and after the Brexit vote to give a17% monthly rise, according to the IMRG Capgemini eRetail Sales Index.
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