By Reuters Published May 16, 2024 Turnover at Italian luxury shoemaker Tod’s fell by 4.7% at constant exchange rates in the first quarter to 258 million euros ($280 million), with its key brands hit by weakness in the Chinese market. See catwalkTod’s – Fall-Winter2023 – Womenswear – Milan – © ImaxTree Sales in its Greater [...]read moreChina weakness felt as Tod’s sales drop 4.7% in first quarter
Mytheresa, the German-born luxury e-tailer, on Wednesday announced a sturdy 18% rise in third quarter revenues, in the latest sign that the company has successfully weathered the downturn in the sector. Mytheresa Though the brand was mute about recent reports that it might be mulling a move to exit its quotation on the New York [...]read moreMytheresa scores 18% rise in Q3 revenues; no comment on recent rumors of going private
Schott NYC is making a comeback in the UK for AW24. After a three-year absence, citing Brexit as the reason for its departure, The New York brand makes its return via PR agency Rich London and sales agency Kippered “to regain visibility on the UK fashion retailer and consumer’s radar”. Schott Best known for its [...]read moreSchott relaunches in UK via Rich London and Kippered link
By AFP Published May 15, 2024 Japanese high-end cosmetics giant Shiseido posted a small loss in the first quarter due to restructuring costs, but maintained its growth forecasts for 2024. Shiseido Its net loss for the January-March period was 3.3 billion yen (-19.6 million euros at the current exchange rate), compared with a profit of [...]read moreShiseido slightly in the red in the first quarter, but growth targets unchanged
Translated by Nicola Mira Published May 15, 2024 Italian footwear specialist Nice Footwear, which has held the licence for the Ellesse sneakers’ development, production and distribution in Italy for 10 years, has announced it has now added the French market to the licence agreement, strengthening its collaboration with Pentland, the UK holding company that owns [...]read moreNice Footwear adds French market to existing Ellesse licence deal
By Reuters Published May 15, 2024 Esprit Europe GmbH and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday, the company said, as Hong Kong-listed apparel group Esprit Holdings seeks to restructure its European business. ESPRIT This is the second insolvency procedure within four years for Esprit, which had [...]read moreFashion brand Esprit files for bankruptcy for its European business
With resale now a major feature of the online fashion shopping experience, eBay is launching what it says is a “pioneering feature to transform the way consumers can resell their pre-loved fashion items”. eBay It’s being put into action via Certilogo, a connected product and authentication platform for fashion and luxury that eBay acquired in [...]read moreeBay unveils ‘resell on eBay’ feature, starts with Save The Duck
Online spending growth in Britain slowed to just 1.5% last month as a sharp rise in grocery prices suppressed discretionary spending, new Adobe Analytics figures have shown. Asos The data also showed that spending via Buy Now Pay Later (BNPL) services was flat year on year for the first time. Britons spent £8.1 billion online [...]read moreUK online sales growth slows, fashion struggles, BNPL is flat
Hopes weren’t exactly high ahead of Burberry’s full-year results announcement on Wednesday and predictions of a disappointing recent performance in China came true. See catwalkBurberry – Spring-Summer2024 – Womenswear – Royaume-Uni – Londres – © Launchmetrics There were few upbeat notes in a tough-to-read release for the 52 weeks to the end of March and [...]read moreBurberry results disappoint as APAC and Americas struggle, RTW underperforms
Founded in 2009 by Linda Balti and Christoph Frehsee in San Francisco and backed by Connecticut-based majority investor Emil Capital Partners since 2023, ready-to-wear brand Amour Vert has announced the opening of its sixth brick-and-mortar store in Long Beach. With a strong focus on sustainability, the brand is patiently weaving its network of boutiques in [...]read moreAmour Vert rebrands to think big