Lifestyle
The latest news
Farfetch collaborates with 12on12 to celebrate 50 years of Hip Hop
Not all fashion collabs are about fashion. Farfetch's latest link-up comes with music at its heart. It has collaborated with lifestyle brand 12on12 to celebrate 50 Years of Hip Hop for Farfetch Beat 010.
Luxury
LDV, the exclusive design and decor platform targets fashion collaboration
Founded by Birta Ólafsdóttir and Guido Callarelli, the online platform by invitation-only, opened its first pop-up in Los Angeles. After partnering with Just One Eye, LDV is now targeting fashion collaborations.
Lifestyle
Banana Republic opens two stores in Los Angeles, including its first dedicated to homeware
Gap-owned-fashion brand Banana Republic opened a brand-new store on Melrose Avenue in early August, mixing home interior and fashion. Another store dedicated to furniture and a home collection will open in September.
Fashion
Harrods rebounds in latest year as pandemic becomes more distant memory
Luxury department store Harrods has released its results for the year to the end of January 2023 with the figures highlighting its bounce-back post-pandemic.
Luxury
TJX lifts annual forecast on demand for discounted apparel
TJX Cos raised its outlook for fiscal 2024 on 16 August, buoyed by steady sales of its discount apparel and accessories and an uptick in demand for home decor goods.
Fashion
US retail sales top forecasts, clothing is strong
US retail sales rose in July by more than forecast, suggesting consumers still have the wherewithal to sustain the economic expansion.
Fashion
China allows group tours to US, UK, boosting luxury sector
China has lifted a ban on group tours to a slew of countries including the US, UK, Australia, South Korea and Japan, in a big test of demand for overseas travel from what was once the world’s biggest source of tourists
Luxury
Alibaba beats quarterly revenue estimates
China's Alibaba Group Holding reported Q1 revenue that beat analysts' estimates as consumer sentiment bounced back from the same time a year earlier when there were strict pandemic-related lockdowns.
Fashion
John Lewis-Google link; Nobody's Child-Just a Group deal; Hervia CEO exit; Pandora UK results
John Lewis has announced a strategic partnership with Google Cloud, worth £100 million over the next five years. It “represents a major expansion of the successful relationship it has had with Google since 2012”.
Fashion
Target sued by investor over backlash to LGBTQ merchandise
A conservative legal organisation sued Target on 8 August on behalf of an investor, saying the retailer misrepresented its risk monitoring when a customer backlash over LGBTQ-themed merch took it by surprise.
Fashion
Return to global travel boosts Dufry duty free stores
Duty-free retailer Dufry lifted its full-year profitability target after posting forecast-beating results for the first half thanks to a post-pandemic global travel boom
Luxury
Freemans 3rd-party brand call; UK July retail sales; M&S northeast focus; Harrods tourist tax
Digital department store Freemans has issued a call for third-party brands to get in touch and has launched its Brand Studio “to highlight the extensive range of third-party brands available across fashion and beauty”.
Fashion
Apple profit tops Wall Street targets, strong services counter weaker iPhone
Apple has reported sales and profit that beat expectations despite a decline in iPhone sales, with the device's strong performance in China helping the company navigate a global decline in the smartphone market
Lifestyle
Amazon forecasts stronger Q3 revenue, helped by Prime Day
Amazon.com forecast third-quarter revenue above Wall Street expectations on 3 August, boosted by its biggest Prime Day sale event in July that drew price-conscious consumers to its e-commerce platform,
Fashion
Next raises profit guidance again as summer sales boom
Next Plc raised its guidance for the second time in recent months after wet weather and ongoing inflation failed to deter shoppers from buying fashion.
Fashion
Etsy has tougher quarter in US, backtracks on 'reserve cash' in UK
Etsy Inc on 2 August forecast third-quarter revenue below market expectations, signalling softening in demand for handcrafted goods at its online marketplace, sending its shares down 6% in after-hours share trading.
Fashion