There were many warnings and they seem to be coming true. When the UK ended the tax-free shopping perk for tourists, it was feared international tourists would shun Britain. A new survey suggests they’re doing that.
Already a big draw for sports/youth brands, London’s Carnaby neighbourhood has scored another couple of major wins for landlord Shaftesbury with debut UK stores for The National Basketball Association and Hype.
The Dublin, California-based off-price fashion retailer announced on Thursday that its executive vice president and chief financial officer, Travis Marquette, has resigned from his role effectively immediately.
The stock market is bullish, the economy is recovering, consumer confidence is growing: all indicators are positive, fuelling luxury purchases on a North American market that is highly dynamic and promising for labels.
A new report from fashion marketplace app Depop highlights the values behind Gen Z’s shopping behavior, revealing that members of this community are conscious consumers, eager to express their individuality.
The luxury goods sector could shrug off the hit from the coronavirus crisis as early as this year as Chinese and U.S. shoppers help sales recover to pre-pandemic levels, consultancy Bain said on Monday.
The pandemic has forced luxury goods companies to use social media, video and virtual showrooms to woo their wealthy customers in Europe when tourists, especially from China, have been absent for more than a year.