Christian Dior Couture took in €1.87bn last year. That was a 17.1% rise, which is pretty impressive in a world where luxury is supposed to be hurting. OK, exchange rate effects from the weak euro helped a lot. But even without that, revenue was up 7% and operating profits rose an even-better 20.6% to €240m.…
Can’t wait for Nordstrom to open in New York City? Well the retailer has given us a sneak preview of what its store will look like. Covering four properties in the Columbus Circle neighbourhood of Manhattan along Broadway between West 57th and West 58th Streets, the 363,000 sq ft store should open in 2019.
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…
Burberry has become the latest big name to change the way it does business in a big way. Sounds a bit dramatic? Well it is. The company is to introduce more ‘season-neutral’ product, combine its men’s and women’s shows in one London Fashion Week event,and make more all of the runway product available for instant purchase, backed…
Everyone’s been watching and waiting on the luxury sector to see it could defy the global downturn and make it through last year (and especially Q4) intact. The big questions are: did the Paris terrorist attacks hit luxury hard, what impact did the Chinese slowdown have, and has lower income from oil for Russian and…
Will the Chinese economic slowdown at home translate into slower spending among Chinese shoppers abroad? That’s a question lots of companies (especially in the luxury space in the UK) are asking. And the answer? Well the indications are good, according to the retail tourism intelligence specialists at Global Blue. Spending is expected to hold up…
Fashion can seem to be a strange world when you’re not at its heart. It’s impractical, obsessed with things that the rest of the world thinks trivial, it’s frequently silly, and sometimes seems designed to make us all feel totally inadequate. Couture is all of those things but it’s also fabulous and social media-savvy. Here are some of my favourite SS16 moments.
You’ve got to hand it to Versace. The fashion house has had its ups and downs but it’s back on a roll doing… well, what it’s always done really. Versace knows that sex sells and that’s what it gives it well-heeled clients, specially when it comes to its haute couture Atelier Versace offer.
Do you think of Marie Antoinette when you hear Tamara Mellon’s name? No? Well, a trio of multimillionaires who’ve failed in their court bid to block her plans to restructure her company and bring it out of bankruptcy protection obviously do. “I’m not Marie Antoinette,” she said after winning the US court case and getting…
Does it drive you mad when stores care so much about their look on the shop floor that they don’t put all available sizes out? Me too. In which case, maybe Dublin’s Brown Thomas flagship isn’t the place to go. Or is it? The company, which is owned by the same super-rich family that controls…
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