
Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.
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Luxury department store Harrods has finally appointed its first chief financial officer in five years. Tim Parker will join the business after 10 years at Hong Kong-based, London-listed conglomerate Jardine Matheson.
The Council of Fashion Designers of America (CFDA) announced this week the launch of a new interim membership tier, along with its inaugural 22 interim members.
The challenges facing retailers at all price levels came into sharp relief Thursday. Shortly after Boohoo shocked us with a profit warning, luxury store Harrods announced the early launch of its winter clearance sale.
Covid-19 has boosted e-tail, especially for multibrand sites and leading luxury labels, according to a study by Bernstein for Altagamma. An evolution that means other labels need to rethink their commercial strategy.
Harrods is believed to be cutting up to 700 jobs as the fallout from the coronavirus crisis continues to devastate the retail sector. That number would mean up to 14% of its workforce being made redundant.
Luxury department store Harrods will open a new Outlet branch in Westfield London for its clearance sale, relieving pressure on its flagship and allowing it to focus on new collections in the Knightsbridge store.
The Walpole Awards on Monday evening highlighted the importance of the luxury sector to the UK economy and hailed some of its key names for the impact they've made at home and abroad.
Walpole has announced its nominees for the Walpole Awards 2019 across all categories, with Burberry, Selfridges, Net-A-Porter and Ralph & Russo included in the shortlist.
A number of UK luxury brands have started a four-day trade mission to the US. It comes as the trade war between Donald Trump and the EU hits home with new tariffs being imposed this month.
Luxury department store Harrods is riding high despite a profits slip as its sales continue to rise. But its boss Michael Ward has warned that a possible Jeremy Corbyn-led government could dent turnover.