FashionNetwork.com USA - The World's Fashion Business News

Prada stops end-of-season markdowns to protect brand, margins

Prada said on Friday it would stop offering end-of-season promotions at its stores, in a bid to boost margins and protect its brand after achieving revenue growth in 2018 for the first time in four years.

Brunello Cucinelli targets €1 billion in revenue, launches junior line

The Italian luxury label further improved its profitability in 2018, as it looks to double its revenue in the next 10 years. In H2 2019, it will introduce its first junior line for 4-14 year-olds.

Giorgio Armani’s general manager Livio Proli set to leave
The general manager of the Italian luxury group will step down on March 31, though he will remain on the board of directors, and will continue as president of Armani-owned Olimpia Milano basketball club.

11:52 AM | Luxury | Appointments

Giorgio Armani’s general manager Livio Proli set to leave
Deichmann acquires American shoe chain KicksUSA
German shoe retailer Deichmann has bought American shoe chain KicksUSA for an undisclosed sum in what has been described as the largest acquisition in the company’s history.

11:26 AM | Fashion | Business

Deichmann acquires American shoe chain KicksUSA
Lacoste celebrates Keith Haring with upcoming capsule
The crocodile brand, in collaboration with Artestar, is poised to launch a ready-to-wear and accessories collection celebrating the unique world and creativity of the artist, Keith Haring.

8:56 AM | Fashion | Collection

Lacoste celebrates Keith Haring with upcoming capsule
Umbro taps Little Mix star Leigh-Anne Pinnock for Umbro Projects sub-brand
British sports brand Umbro is putting the spotlight on its Umbro Projects sub-brand in its latest Spring/Summer 2019 campaign starring Little Mix's Leigh-Anne Pinnock.

8:53 AM | Fashion | Campaigns

Umbro taps Little Mix star Leigh-Anne Pinnock for Umbro Projects sub-brand
Polo Ralph Lauren opens franchised store in Lyon, France
Polo Ralph Lauren has opened its first store in Lyon, France, with retail entrepreneur Jacques Vuillermet. The store extends over 150 square metres on two levels, and is located in the city’s old town.

8:37 AM | Luxury | Retail

Polo Ralph Lauren opens franchised store in Lyon, France
Podcast: a discussion on ‘The Art of Time’ between Stanislas de Quercize and Godfrey Deeny
Richemont’s former CEO is the first guest of the FashionNetwork.com/Luxurynsight podcast series, in a striking interview with Godfrey Deeny on the meaning of luxury and on de Quercize's vision of the industry.

8:29 AM | Fashion | Media

Podcast: a discussion on ‘The Art of Time’ between Stanislas de Quercize and Godfrey Deeny
JD Sports in deal to buy struggling Footasylum
Dynamic retail giant JD Sports Fashion looks set to buy its smaller peer, struggling chain Footasylum, and on Monday announced that it had made an offer of 82.5p per share in cash for the chain.

2:36 AM | Fashion | Retail | Business

JD Sports in deal to buy struggling Footasylum
Celebrities influence spending, Willoughby and Beckham are top - Zopa report
Celebrities are a huge influence on spending in the UK and Britons spend around £6bn a year as a direct result of their desire to tap into celeb lifestyles, a new report claims. Fashion and beauty are key beneficiaries.

2:11 AM | Fashion | People

Celebrities influence spending, Willoughby and Beckham are top - Zopa report
Will fashion space be squeezed as M&S food sales grow?
There appears to be a question mark around the space given over to fashion in M&S’s physical stores in the future as the company appears to be preparing to focus even more heavily on food than it has done until now.

2:01 AM | Fashion | Retail | Business

Will fashion space be squeezed as M&S food sales grow?
Arcadia closures could lead to more physical stores shutting - analyst
UK physical stores fashion retail is caught up in a cycle of closures leading to locations declining, followed by even more closures, an analyst said at the weekend, on news that Arcadia is planning store closures.

1:45 AM | Fashion | Retail

Arcadia closures could lead to more physical stores shutting - analyst