Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) and announcing a new CEO for the group. See catwalkAlaia – Spring-Summer2024 – Womenswear – Paris – © ImaxTree So first, that CEO news. The [...]read moreLuxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
In 2018, Mathilde Lacombe and François Morrier dusted off the rather austere world of food supplements by launching Aime. Eighteen months after its launch, the young nutricosmetics and skincare label with a highly polished look was claiming profitability and sales of €3 million. Six years later, sales have reached €8.5 million, profitability is still on [...]read moreAime Skincare on course for sales of €10 million
Value supermarket giant Asda continued to grow its total revenues, like-for-like sales and margins in Q1, with the improvements helped by a “particularly strong contribution” from its George at Asda fashion and lifestyle brand. So much so, that the retailer said it had “outperformed the fashion and homewares markets during the quarter”. George, the UK’s [...]read moreAsda sales rise as George fashion line outperforms
As homebuyers continue to grapple with a lack of existing homes for sale, the market for new homes continues to see strong demand, and some areas of the country — including Sun Belt states — are producing new homes at a relatively rapid rate. A study released Thursday by fintech and personal finance website SmartAsset [...]read moreSun Belt cities lead the way for new home sales
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
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
By Reuters Translated by Roberta HERRERA Published May 14, 2024 Chinese conglomerate Alibaba Holding reported a 7% increase in fourth-quarter revenue, surpassing expectations, driven by the growth in low-cost product sales. Reuters The revenue amounted to 221.87 billion yuan (28.41 billion euros) for the three months ending March 31, compared to an estimate of 219.66 [...]read morerevenue exceeds expectations in Q4 with strong sales of low-cost products
By Reuters API Published May 14, 2024 Italian shoemaker Geox cut its full-year sales growth outlook on Tuesday, citing inflationary pressures as it reported a double-digit yearly drop in first-quarter revenues due to weakness in its wholesale channel. Reuters The maker of breathable, waterproof footwear now expects 2024 revenue to drop by a mid-single-digit percentage [...]read moreShoemaker Geox cuts full-year sales outlook, wholesale weighs on Q1 figures
What Does The Marketing Technology Landscape Look Like Today? With the vast number of marketing tools on the market today, you may feel overwhelmed when it comes to promoting your MarTech product. In fact, companies are projected to spend more than $7.4 billion on crafting engaging B2B marketing strategies. MarTech companies with $500+ million in [...]read moreMarketing Technology Tips Companies Can Use To Make Sales
As the Ted Baker saga continues in the UK and Europe, North America isn’t immune to its problems and “select” Ted Baker stores in both Canada and the US have begun closing down clearance sales. Ted Baker Canada, which conducts business operations for Ted Baker in that country, plus Ted Baker Limited in the US, [...]read moreNorth American Ted Baker stores start closing sales