By Reuters Published Jul 16, 2024 German fashion house Hugo Boss on Monday cut its sales guidance for the year to a range of between 4.20 billion euros ($4.58 billion) to 4.35 billion euros over weakening global consumer demand especially in markets like China and the UK. See catwalkBoss – Fall-Winter2023 – 2024 – Womenswear [...]read moreHugo Boss cuts full year sales guidance over weaker demand in China, UK
European discount giant Pepco has issued a Q1 update — covering the period to the end of December — and said that total revenues reached €1.869bn with growth at constant exchange rates of 11% year on year. Photo: Sandra Halliday That said, like-for-like (LFL) revenues declined 2.3% in Q1, but with an improving trend during [...]read morePepco’s sales like-for-like take a hit in Christmas quarter, fashion is weaker
By Bloomberg Published Jan 12, 2024 Chanel has seen several executives leave the luxury fashion house in recent months amid a slowdown in demand for the sector’s pricey goods. See catwalkChanel – Pre-Fall2024 – 2025 – Womenswear – Manchester – ©Launchmetrics/spotlight The company’s former Japanese head has joined the US and UK bosses in departing [...]read moreChanel changes the guard amid weaker luxury demand