So here we are, a few days after the most momentous vote in modern UK history with lots of people saying “let’s see how it plays out”. How has it played out so far? Chaos. The UK was the world’s fifth largest economy last Wednesday. Today it’s the sixth largest. That’s how much he pound’s…
Yesterday was a pretty crappy day for me on a number of fronts but while we all hope to wake up to a new, sunnier day, sometimes it just doesn’t happen. And it hasn’t happened today. I’ve woken up in a country where slightly more people voted for xenophobia and a cloud-cuckoo-land version of Britain…
When I was younger, Mulberry was an aspirational brand for me. I loved the non-bling nature of its bags (even in the days before the word bling was invented) but I could never afford one. By the time I could afford one (or at least by the time I had a credit card), the company…
Do you ever fail to trust your instincts? Yesterday I was talking to a friend of mine about Jimmy Choo’s trading update today and I noticed that the company’s shares had dropped to below £1 each. I thought I should buy some as a look round the Jimmy Choo shop in Selfridges a few days…
“The prevailing sentiment across retailing is that the customer has less interest in shopping in stores, whether it be traditional department stores or other luxury specialty stores.” That’s what Neiman Marcus CEO Karen Katz said yesterday after delivering yet another quarterly drop in same-store sales and profits. That’s a sentiment many would echo at the…
Now this is interesting. Debenhams (you know, the big department store chain) has named an executive from Amazon (you know, the e-tailer currently sucking sales from big department store chains) as its next CEO.
M&S released its full-year results this morning. But before we go into the figures. Let’s look back. In the financial year 1997/98, M&S had a clothing market share approaching 14%, pre-tax profits of almost £1.2bn on sales on £8.24bn and was the UK’s most profitable retailer. The company’s decline started in the following financial year…
Given the tough time being faced by the luxury sector at present, predictions around Burberry’s results for the year to March 31 ranged from bad to downright awful. So now that the figures are out, what did we actually get? Well, not bad in the circumstances with plenty of focus on the future. And that…
Success in fashion isn’t necessarily dependent on talent and some of the most talented designers fail, especially when they’re UK-based. But now Jonathan Saunders is off to better financed climes with the news that he’s the new creative director at Diane von Furstenberg.
Wearables may not be the future of fashion as a whole but they’re the future of the watch sector, right? Hmmm. Like any bold new future, it’s one that’s getting off to a fitful start and that means companies can struggle to make money from it until it’s become completely mainstream.
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