Lifestyle
The latest news
Joules shoppers remain discount-focused, retailer get liquidity breathing space
Joules issued an important update on Tuesday, not just talking about how trading is going at the moment but giving information on its liquidity situation following reports that it had taken on advisers to boost this.
Fashion
Why the fashion industry is taking over the restaurant business
More and more brands are opening cafés and restaurants, following in the footsteps of Vuitton, Dior and Gucci, to capitalize on the gastronomy craze.
Lifestyle
American tourists splurge in Paris boutiques as euro slides
The weak euro is big draw for tourists, particularly Americans – who are flagged as a key growth driver for the European luxury goods sector in the second quarter, according to analysts from Barclays.
Lifestyle
Pepco's expansion and pricing ensures continued revenue success in Q3
Its key pillars "bigger, better, simpler and cheaper" appear to be winners for pan-European variety budget retailer Pepco Group with group sales rising "strongly" in its third quarter.
Fashion
Bazaarvoice launches new Influenster app for UGC and authentic reviews
Bazaarvoice’s Influenster has launched a new mobile app to match shoppers with brands “seeking honest feedback on their products through authentic reviews, photos, and videos”.
Fashion
Matchesfashion confirms Nick Beighton as its new CEO
Matchesfashion on Tuesday morning confirmed that ex-ASOS chief Nick Beighton will indeed be its new CEO, taking over from Paolo De Cesare “after a short transition period”.
Luxury
Ex-ASOS chief Nick Beighton to take helm at Matchesfashion
Nick Beighton is certainly in demand post-ASOS. Not long after news of him becoming Chairman of Secret Sales, it now emerges that he’s being brought in to run Matchesfashion, replacing CEO Paolo de Cesare.
Fashion
JD Sports' Peter Alecock joins Joe Browns as CEO
Joe Browns has announced that Peter Alecock has joined it as CEO with immediate effect, taking the reins from founder Simon Brown who remains in a key role with the firm.
Fashion
Klarna to announce $800m fundraising, but valuation is lower than two years ago
BNPL giant Klarna is expected to announce soon that The Canada Pension Plan Investment Board (CPPIB) is to become a shareholder. It’s to unveil a new $800m fundraising, a media report claims.
Fashion
UK online sales continue to struggle but fashion spend is still up
The latest figures from the IMRG Capgemini Online Retail Index show that times are still tough for e-tailers at the moment, although the fashion sector remains the standout performer and is in positive territory.
Fashion
Joules calls on KPMG to help boost liquidity
Joules has confirmed it's called in KPMG to help it boost its cash position. In a stock exchange statement it said it “continues to focus on improving profitability, cash generation and liquidity headroom”.
Fashion
British online fashion marketplace Wolf & Badger lands on Melrose Avenue
Founded in 2010 by brothers Henry and George Graham in London, the fashion marketplace dedicated to international, independent and emerging designers has just opened its third store in West Hollywood, Los Angeles.
Fashion
Net-A-Porter launches new curation, campaign as bridge between fashion and homewares
Homewares may have struggled in recent periods after it boomed during the pandemic, but retailers aren't turning away from it. In fact, many luxe names see it as key to expanding their sales.
Luxury
Jimmy Choo opens hot pink café in Harrods
Driving sales isn't only about the product and marketing is hugely important as well. And Jimmy Choo and Harrods have had an interesting marketing idea with Choo launching a pop-up café Harrods' world-famous shoe floor.
Luxury
June UK retail sales are weak but fashion continues to rise
The UK saw its lowest like-for-like sales growth last month since February 2021, the latest BDO High Street Sales Tracker (HSST) showed on Friday. However, the fashion sector stood out as strong.
Fashion
Champs-Elysées avenue in Paris again the most attractive high street in Europe
Footfall in the renowned Parisian avenue has doubled compared to last year, according to a Cushman & Wakefield/My Traffic study, a stronger rebound than recorded elsewhere in Europe.
Fashion