Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
pricing
News & Analysis
Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal
Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.
Fast Retailing Pledges Lowest Prices in Uniqlo Strategy Reversal
Despite T-shirts on sale for $5.90 and chino shorts at $19.90 on its website, Uniqlo is struggling in Japan where cautious consumers are bracing for tougher financial times.
Luxury
Op-Ed | How to Fix Luxury’s Alibaba Problem
Alibaba’s role in the grey market is a bigger issue than counterfeit sales, and a problem luxury brands can help fix, argue Brian Buchwald and Andrew Roth.
Op-Ed | How to Fix Luxury’s Alibaba Problem
Alibaba’s role in the grey market is a bigger issue than counterfeit sales, and a problem luxury brands can help fix, argue Brian Buchwald and Andrew Roth.
News & Analysis
Valentino Cuts Prices in Asia to Boost Local Sales
Italian fashion house Valentino will cut its prices in Asia to bring them into line with European prices.
Valentino Cuts Prices in Asia to Boost Local Sales
Italian fashion house Valentino will cut its prices in Asia to bring them into line with European prices.
Luxury
Why Fashion’s ‘Pink Tax’ Means Women Pay More
Many luxury fashion brands charge women more than men for similar products. What’s behind fashion’s ‘pink tax’?
Why Fashion’s ‘Pink Tax’ Means Women Pay More
Many luxury fashion brands charge women more than men for similar products. What’s behind fashion’s ‘pink tax’?
Retail
Burberry Faces US Lawsuit Accusing It of Deceptive Price Tags
Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains.
Burberry Faces US Lawsuit Accusing It of Deceptive Price Tags
Burberry is to face a class action lawsuit in the United States, claiming it used misleading price tags at its outlets stores to fool shoppers into believing they were getting big bargains.
Luxury
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Super Shrink Me: The Rise of the Mini Handbag
In the last decade, luxury handbag prices have skyrocketed. Now, brands are making smaller versions of iconic styles to win back aspirational consumers.
Luxury
Bally Turnaround Thwarted by Currency "Nightmare"
Frederic de Narp spent 18 months trying to turn around Swiss shoemaker Bally International AG and now finds himself in a currency-induced nightmare.
Bally Turnaround Thwarted by Currency "Nightmare"
Frederic de Narp spent 18 months trying to turn around Swiss shoemaker Bally International AG and now finds himself in a currency-induced nightmare.
China
The China Edit | Prada, Fast Retailing, Hu Bing
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Prada, Fast Retailing, Hu Bing
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
News & Analysis
Michael Kors Settles US Lawsuit Alleging Deceptive Price Tags
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains.
Michael Kors Settles US Lawsuit Alleging Deceptive Price Tags
Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains.
China
The China Edit | Gucci, Pricing, Hermès, New Look
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
The China Edit | Gucci, Pricing, Hermès, New Look
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
Global Markets
Op-Ed | Could Global Pricing Alignment Backfire?
Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino.
Op-Ed | Could Global Pricing Alignment Backfire?
Luxury brands like Chanel and Prada have been adjusting prices in response to the Chinese market, but currency volatility and political dynamics present a real risk, argues Philip Guarino.
Global Markets
China Import Tax Cuts No Remedy for Retail Slowdown
The tariff cuts in China are the latest in a string of measures to stimulate domestic consumption and bolster economic growth, which hit a 24-year low last year.
China Import Tax Cuts No Remedy for Retail Slowdown
The tariff cuts in China are the latest in a string of measures to stimulate domestic consumption and bolster economic growth, which hit a 24-year low last year.
The News in Brief
JD Sports Names New North America CEO, Chief Marketing Officer
The sneaker retailer is shaking up its North American leadership as it looks to reverse soft sales and an extended slump in the stock market.
Top Africa Clothes Retailer Pepkor Sinks on Earnings Outlook
Shares in the South African discount clothing retailer fell the most in more than three years, as an expansion into banking weighed on profit forecasts.
Kimberly-Clark Prepares Asset Sales to Win EU Nod for Kenvue Deal
The US consumer goods giant is preparing concessions to address EU antitrust concerns about its bid for Tylenol maker Kenvue that could help it win approval for the $40 billion deal, sources told Reuters.
Kevin.Murphy Appoints New CEO
The Australian hair care brand has named Elisa Fischer its new global chief executive as it looks to push deeper into international markets.
Mco Parent VidaCorp Rebrands to Axia Beauty Group
The company, which also owns brands Nude by Nature and Poni, also announced its new global headquarters and chief marketing officer.
Fayed Abuse Victims Seek Up to £150 Million From Harrods
The retailer currently has a £62 million provision set aside for redress payments, but victims’ lawyers say more is likely needed.
Puig Acquires Sun Care Brand Isdin
The conglomerate bought its former partner’s 50 percent share to take full ownership of the Spanish skincare label.