Sighs of relief all round on Tuesday at Coach Inc as it gears up for its 75th anniversary year. The American handbag maker finally managed to push its revenue upwards in Q2. It was the first time in 10 quarters (yes two-and-a-half-years) that it had achieved this feat and its shares soared as a result.
Thank goodness for ponchos and scarves. That must be what Burberry CEO, creative chief and general all-round Big Boss Christopher Bailey must be thinking. They rescued what could have been a tricky Q3 for the luxury trailblazer.
It’s a challenging time for the luxury sector as profits take a dive due to… well, you know, the usual suspects – Russia, the Middle East, China – all those places that used to be the very reason luxury did so well. So how about Burberry? Well, on Thursday the UK luxury leader said its…
That’s the thing about trends. They’re like buses. You hang around waiting for one then two come along at once. So what has today yielded? First a shift in retailers’ approach to Black Friday, and second the growth of China’s Singles Day as a global event. So, Black Friday. Asda, one of the prime movers…
TRENDWALK.net 