Canada Goose Beats Revenue Estimates as Demand Holds Up
The outerwear brand beat expectations for first-quarter revenue, but new US tariffs on Canadian could affect future earnings.
travel-retail
Luxury
China Bets on Duty-Free Paradise to Keep Luxury Spenders at Home
China's efforts to lift local consumption and spur domestic tourism have spawned a duty-free paradise on the southern island of Hainan.
China Bets on Duty-Free Paradise to Keep Luxury Spenders at Home
China's efforts to lift local consumption and spur domestic tourism have spawned a duty-free paradise on the southern island of Hainan.
Retail
Tight-Fisted Tourists Damp Outlook for Hugo Boss, Tod’s
Spending is down 5 percent in Europe this year, dragged down by a 16 percent drop in France following the November terror attacks in Paris.
Tight-Fisted Tourists Damp Outlook for Hugo Boss, Tod’s
Spending is down 5 percent in Europe this year, dragged down by a 16 percent drop in France following the November terror attacks in Paris.
Retail
Missed Opportunity: China’s Neglected Domestic Travellers
While outbound Chinese tourists attract the most attention, holidaymakers shopping inside China are a consumer market that is growing too.
Missed Opportunity: China’s Neglected Domestic Travellers
While outbound Chinese tourists attract the most attention, holidaymakers shopping inside China are a consumer market that is growing too.
Financial Markets
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
The Growth Conundrum
As key global markets continue to cool, business growth in the luxury sector will be hard won in 2016. But, here are three levers that fashion’s luxury megabrands can employ to drive growth.
Global Markets
In Japan, Luxury Flourishes While Economy Flounders
Japan’s economy is dipping in and out of recession, but the country is still one of the bright spots in the global luxury goods market. BoF reports.
In Japan, Luxury Flourishes While Economy Flounders
Japan’s economy is dipping in and out of recession, but the country is still one of the bright spots in the global luxury goods market. BoF reports.
Global Markets
Chinese Shoppers in South Korea Shun Luxury for Local Brands
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists.
Chinese Shoppers in South Korea Shun Luxury for Local Brands
Chinese visitors to South Korea are buying less from global luxury mainstays like Louis Vuitton and Chanel in favour of cheaper homegrown brands, as young, independent travellers make up a bigger share of tourists.
Global Markets
Luxury Exposed to Paris-Like Attacks
Dependent on purchases by travellers in a limited number of global cities, luxury goods companies are susceptible to the impact of terror attacks.
Luxury Exposed to Paris-Like Attacks
Dependent on purchases by travellers in a limited number of global cities, luxury goods companies are susceptible to the impact of terror attacks.
Retail
The Anatomy of Travel Retail
Travellers account for 40 percent of global spending on personal luxury goods, with 12 to 13 percent captured through dedicated travel retail channels. Who is best positioned to capitalise?
The Anatomy of Travel Retail
Travellers account for 40 percent of global spending on personal luxury goods, with 12 to 13 percent captured through dedicated travel retail channels. Who is best positioned to capitalise?
Luxury
London Calling in Pre-Ramadan Rush
London is the fashion capital where oil-rich Arabs spend the most cash in the run up to Ramadan.
London Calling in Pre-Ramadan Rush
London is the fashion capital where oil-rich Arabs spend the most cash in the run up to Ramadan.
Retail
The Great Mall of China
With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?
The Great Mall of China
With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?
Global Markets
Gulf Tourists Flock to Munich’s Luxury Lifestyle as Paris Fades
Munich — thanks to the city’s medical facilities and array of luxury boutiques — has helped Germany race past France and Britain to become the European destination of choice for tourists from the Gulf states.
Gulf Tourists Flock to Munich’s Luxury Lifestyle as Paris Fades
Munich — thanks to the city’s medical facilities and array of luxury boutiques — has helped Germany race past France and Britain to become the European destination of choice for tourists from the Gulf states.
Global Markets
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
Chinese Tourists' Luxury Spending Soars in Europe
Chinese tourists spent a record amount on luxury goods last month, helped by shopping sprees in Europe as the weak euro made items cheaper than at home.
The News in Brief
Steven Madden Tops Expectations and Lifts Full-Year Outlook
The retailer raised its full-year revenue forecast again as its integration of luxury brand Kurt Geiger last year provided a tailwind.
Reformation and Its Backers Raise $210.9 Million in IPO
The womenswear brand and shareholders including private-equity backer Permira raised new funds in an IPO that priced shares at the bottom of the marketed range.
Adidas Shares Plunge After World Cup Spend Dents Profit
Shares in the company fell the most on record after its marketing outlay for the World Cup resulted in lower-than-expected quarterly profit.
British Fashion Council to Boost UK Fashion Beyond London
The new national initiative, Fashion Britain, aims to increase growth, innovation and participation in the industry across key cities.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Shares Dive as Sales and Chinese Weakness Disappoint
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Shein Discloses FTC Probe in US, Warns of Significant Payments
According to documents the ultra-fast-fashion company filed in connection with its planned Hong Kong IPO, Shein is cooperating with the investigation and could face significant fines.