We had the first hint of good news around new-season fashion retail today as John Lewis (now giving its weekly update on Tuesdays rather than Fridays) said its sales rose 2.5% in the seven days to February 6. Fashion sales rose 4.4% within that figure with “some encouraging reaction to new season ranges”, according to John…
It’s that time of the month again, you know when loads of general retail sales reports come out and (hopefully) paint us a picture of what’s happening out there. Yesterday it was Visa Europe and BDO. Today it’s the British Retail Consortium and KPMG. And the story? Like those other reports, the BRC/KPMG stats showed…
It’s a funny thing about Gap Inc but it’s one company that has always shown itself able to make a profit, however tough it finds sales growth. I’ve been following this company’s results for 17 years now and the sales picture has been bad for most of that time. But in reporting its January and…
Share prices may be tanking globally and department store shares are suffering. But Nordstrom’s shares rose nearly 6% yesterday after it unveiled a new collection with Olivia Palermo and a new ad campaign. Its exclusive Olivia Palermo + Chelsea28 collection features 32 different separates with roots in American sportswear staples, as well as dresses. Nordstrom…
How has the combined Yoox and Net-a-Porter online fashion giant been faring since the Italian and UK businesses linked-up? Pretty well actually with global growth in the double-digit growth and its m-commerce sales growing fast – very fast. OK, for three-quarters of the period covered, Yoox and NaP continued to operate separately (their ‘merger’ was…
Do you want the good news or the bad news? OK, here’s the good news. Visa Europe’s latest data on UK retail sales showed January clothing and footwear turnover up 5% on the year. That’s good after a worrying 1.2% fall in December. Visa said the cold weather that finally arrived was the cause as…
A few months ago the CFDA was discussing possible plans to turn New York Fashion Week into a more in-season, consumer-focused event on the back of the social media/live streaming revolution. We’ve not heard so much about that lately but designers seem to be going ahead and making changes anyway. The only problem is that…
As the 70%-off signs start to come down, the SS16 collections are finally starting to drop in-store. But with snow (or at least chilly weather) still potentially on the horizon for those of us in many parts of the world, it’s not true spring/summer yet. This is the time when transitional product rules, something I,…
In case you didn’t get the celebration of nature in Marni’s print story for SS16, the label’s new ad campaign really rams the point home. Tom Hunter has shot model Suvi Koponen against a woodland backdrop with one shot resembling nothing less than a leopard sleeping after a big meal.
Ralph Lauren beat analyst expectations for Q3 profit with earnings of $131m on revenue of $1.95bn. That was the good news, and good news was needed because the company saw its shares crashing over 22% yesterday. Ouch! In fact, that profit figure may have beaten expectations but it was 39% down year-on-year and and the…
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