Next Aug 2016

Next beats Brexit and weather blues in Q2

Next is one of those companies whose trading updates just can’t be ignored given that it’s a) so huge, b) such a strong performer most of the time and c) a real bellwether for the health of the UK high street and online sector. So what did we learn this morning? It’s not doing too…

DKNY advertising SS16

DKNY: LVMH throws in towel, G-III picks it up

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…

Tod’s: Facing up to luxury armageddon

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…

Asos SS16

Is Asos suffering fashion blues? No way!

Good news from Asos today. The pureplay fashion e-tailer saw total sales rising 30%, or 26% currency-neutral to £514.6m in the four months to June 30, a slight acceleration from a still-enviable 25% currency-neutral rise in the 10 months to the end of June. Yippee.