More than half of Chinese say they will put off travel abroad, for periods from several months to more than a year, even if borders re-opened tomorrow, a sign that consumer recovery from Covid-19 measures will take time.
New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.
Meta Platforms Chief Executive Mark Zuckerberg told employees that WhatsApp and Messenger would drive the company's next wave of sales growth, as he sought to assuage concerns about Meta after its first mass layoffs.
Burberry's new chief executive Jonathan Akeroyd will on Thursday set out his plan to finish the job started by his predecessor: boosting growth at the British luxury brand to the levels of its European rivals.
An influential Parliamentary committee has slammed the Government's decision to not reintroduce VAT-free shopping for tourists, calling it a "spectacular own goal". There are now calls for an independent assessment.
Brushing off higher prices, affluent spenders are continuing to splash out on luxuries including $10,000 handbags and high-end perfumes, trading updates from Hermes, Kering, and L'Oreal showed on Thursday.
The reopening of Battersea Power Station (BPS) as a supermall and leisure destination last Friday resulted in a surge of visitors who added up to more than a quarter of a million people over the opening weekend.
The company specialising in fashion and luxury experiences is opening its eighth shop in Puerto del Carmen in order to boost the island's potential and its own business, which already generates a turnover of €20 million.
In a massive blow to the retail sector, the UK's new Chancellor, Jeremy Hunt, has undone one of the most significant measures for retail of the now-notorious mini budget that had been unveiled in September.