Estée Lauder Raises Outlook, Buoyed by Perfume Demand
Demand for the US conglomerate’s luxury fragrance brands like Le Labo, Tom Ford and By Kilian offset weaker performance from its makeup and haircare divisions.
consumer-spending
Fashion Week
Fashion’s New Outlook on 2020
Six takeaways from Paris Fashion Week, where everything from the coronavirus to end-times fashion changed the conversation we'll be having for the rest of the year.
Global Markets
Hong Kong Retail Sales Down 21.4% Due to Coronavirus
The health scare worsened an already weak environment for retail after months of often violent anti-government protests.
Retail
Hong Kong Retailers in Battle for Rental Cuts
Shop owners are calling for temporary rent cuts as consumer spending falls amid the coronavirus outbreak and months of political unrest.
Retail
Post-Brexit Trade Deal Could Increase Retail Prices
Negotiations on a new relationship between Britain and the EU will start next month.
Luxury
Italy's Fashion Industry Shows Promise Despite Coronavirus Outbreak
The country's luxury goods sector is expected to see revenue rise to $87 billion in 2021.
Retail
UK Consumer Spending Shows Signs of Wariness
The average retail spending by Britain's shoppers is at its lowest since 1995.
Retail
UK Retailers See Biggest Sales Jump in Six Years
British shops experienced a 5.7 percent increase in sales last month, the biggest annual rise since January 2014.
Retail
British Retail Sales Drop for Fifth Month Running
Consumer demand in the UK is softening, despite low unemployment and modest inflation.
Retail
John Lewis Boss to Exit After Weak Christmas Sales
Sales at one of Britain's best known store chains fell by 2 percent during the holiday period.
Retail
French Consumer Morale Drops As Strikes Continue
Retailers struggled through the holiday period as the ongoing protests kept shoppers at home nationwide.
Sustainability
The Year Ahead: Sustainability Takes Centre Stage
Next year, fashion players need to swap platitudes and promotional noise for meaningful action and regulatory compliance while facing up to consumer demand for transformational change.
Global Markets
Vietnam: Luxury’s Next Goldmine?
On the back of a deal with the EU, luxury goods will become more affordable in Vietnam. Are brands investing heavily enough in what is one of the fastest-growing economies in the world?
The News in Brief
Bangladesh Sets Up Wage Board as Garment Worker Unrest Shuts Factories
Violent protests over pay levels forced the closure of more than 500 factories over the weekend.
Premium Skincare Brand Colorescience Names New CEO
Former Kiehl’s general manager John Reed will lead the label, which was acquired by Roundtable Healthcare Partners earlier this year.
Proya Third-Quarter Revenue Grows, Profit Dented by Marketing Spend
The Chinese beauty conglomerate’s revenue grew 29.8 percent in the latest quarter, but its profit decreased by double digits due to increased promotional expenses as it expands overseas.
Michael Kors Owner Capri Soars After Raising Annual Forecasts
Shares jumped after the group raised its annual revenue and profit forecasts and said it expected sales to return to growth.
Puma Sales Slow Less Than Expected as Anta Partnership Advances
The German sportswear business is attempting to reboot its brand appeal to better compete with larger rivals Adidas and Nike.
Indian Fashion Retailer Trent Jumps as Quarterly Profits, Sales Rise
The Tata Group-owned business beat expectations, shoring up confidence in its fashion business after a period of sluggish performance.
Textured Haircare Brand The Mane Choice Names New CEO
Chasity Monroe has been appointed as the label’s chief executive as it undergoes a wider brand refresh.