The latest news
Santa Ynez General concept store opens in Los Angeles' Platform
Three years after opening their first store in the Santa Ynez Valley, founders Pearson McGee and Spencer Turnbull have just opened their first pop-up store in Los Angeles, in Culver City's Platform shopping center.
Instagram looking into issues after user complaints
Meta Platforms Inc's Instagram said on Monday it was looking into an issue preventing thousands of its users from accessing the photo-sharing application.
Affluent splash out on pricey Birkin bags but clouds loom
Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.
Hermès sales stay strong, prices set to rise
French luxury group Hermès said on Thursday that it enjoyed a strong Q3 with sales up 32.5%. Sales reached €3.136 billion in the three months to the end of September, with strong growth in all its business lines.
Ungaro expands into leather goods with La Compagnia delle Pelli
The luxury house is launching a line of bags with Italian manufacturer La Compagnia delle Pelli, which will manage production and global distribution. Licensing agreements have also been signed for a homeware line.
TikTok plans U.S. fulfilment centers
Chinese short-video content platform TikTok is reportedly looking to rollout several fulfilment centers across the U.S., according to dozens of job postings on LinkedIn for roles in fulfilment.
Artemest opens first-ever NYC flagship gallery
Italian online marketplace Artemest announced on Tuesday the opening of its first-ever flagship gallery in New York City.
EU says Shopify to improve platform to make online shopping safer
The European Commission said on Friday e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.
Metaverse consultant Metav.rs raises €3 million
The French company, which advises brands on developing and commercialising NFTs and on setting up their own ‘miniverse’, has announced it raised €3 million to fund its growth.
Prisma Media to launch French edition of Harper's Bazaar in March
Prisma Media, France’s leading magazine publishing group, will launch the French edition of U.S women's fashion magazine Harper's Bazaar next March, as the group announced in a press release on Tuesday.
Never Fully Dressed dips its toes in Los Angeles
The brand created by British designer Lucy Aylen, and popularized thanks to Instagram, opened its first pop-up store at Platform shopping location in Los Angeles.
Shopify offers workers greater say in compensation structure to attract talent
Shopify Inc said on Friday it has introduced a new compensation system that allows staff more flexibility in restructuring their awards between cash and equity, as it seeks to attract and retain workers.
Giant Battersea Power Station mall to open on 14 October
It's finally happening. Nearly 40 years after Battersea Power Station closed as a working power generator, the listed historic site will reopen on 14 October as a major South London shopping and leisure destination.
Department stores face growing CSR challenges
IADS, the international association of department stores, has provided an assessment of the increasingly complex social and environmental responsibility policies adopted by its corporate members.
Eurozone retail sales drop more than expected in June as prices rise
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
Sales and profit boom at Hermès in H1, China bounces back at end of period
Hermès saw a sales boom in Q2 as — like its luxury peers — it enjoyed strong growth in Europe and the US with China also recovering during June towards the end of the quarter.