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Cross-border shopping: luxury grows fastest, but customer service must improve

Cross-border shopping: luxury grows fastest, but customer service must improve

The pandemic and Brexit issues may have dented cross-border shopping in recent periods, but the channel is bouncing back and luxury is fuelling that comeback, a new reports shows.
Luxury
L'Occitane International names André Hoffmann as new CEO

L'Occitane International names André Hoffmann as new CEO

There's been a change in leadership at L'Occitane International. After 25 years at the head of the beauty group, Reinold Geiger has handed the reins over to André Hoffmann. 
Beauty
Hut Group sales soar again, THG Beauty to be listed separately

Hut Group sales soar again, THG Beauty to be listed separately

The Hut Group continued to go from strength to strength in the first half of the year with group revenue rising almost 45% to £958.8 million year-on-year, and rising 95% compared to the first six months of 2019 (2YoY).
Fashion
John Lewis sales improve but profits remain muted

John Lewis sales improve but profits remain muted

John Lewis Partnership’s half-year report on Thursday showed an improvement on the prior-year period but its results were still far below some of the figures it produced just a few years ago.
Fashion
H&M Q3 sales rise, now back at 2019 levels

H&M Q3 sales rise, now back at 2019 levels

H&M Group’s Q3 sales rose 14% year-on-year (YoY), the Swedish fashion retail giant said on Wednesday. That said, the figure was in local currencies and when converted to Swedish Krona, the rise was only 9%.
Fashion
Inditex is "early winner" in post-Covid world as sales bounce back

Inditex is "early winner" in post-Covid world as sales bounce back

Fashion retail giant Inditex said on Wednesday that its recovery is continuing to gain momentum with its sales, EBITDA and net income in the second quarter of its financial year reaching "historic highs”.
Fashion
Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

Beauty products supplier Knowlton targets over $3 billion valuation in U.S. IPO

Knowlton Development Corp said on Tuesday it was looking to raise up to $857.14 million through a U.S. initial public offering, valuing the manufacturer for beauty, personal and home care brands at more than $3 billion.
Beauty
Expanding ​Secret Sales names ‘dream team’ of six new star execs

Expanding ​Secret Sales names ‘dream team’ of six new star execs

Premium e-commerce marketplace Secret Sales has hired six “star” senior execs with impressive track records at some of fashion’s biggest names. They’re filling new positions as it expands at home and abroad.
Luxury
Mytheresa hails enduring change in shopper habits as Q4 and full year boom

Mytheresa hails enduring change in shopper habits as Q4 and full year boom

Mytheresa has reported another strong quarter and year and even outperformed its own expectations. Q4 saw “exceptional net sales growth” and the full year was ahead of both 2020 and 2019.
Luxury
L'Oréal names Emmanuel Goulin head of luxury division in Italy

L'Oréal names Emmanuel Goulin head of luxury division in Italy

Formerly the general manager of L’Oréal’s travel retail division for Asia-Pacific, Emmanuel Goulin has replaced Luca Guillot Boschetti as head of the group’s luxury division in Italy.
Beauty
Morrisons bid battle to go to auction

Morrisons bid battle to go to auction

​It looks like the battle to take over Morrisons will go to auction with the supermarket giant saying Wednesday it’s in talks with both the US private equity suitors that have tabled bids, along with the Takeover Panel.
Fashion
H&M debuts in Panama, now in 75 markets

H&M debuts in Panama, now in 75 markets

​H&M is continuing its store and new-country opening programme that was interrupted by the pandemic and said this week that it has just opened its first store in Central American state Panama.
Fashion
Ted Baker has mixed Q2 but is on the right path

Ted Baker has mixed Q2 but is on the right path

Fresh from news of its link up with Secret Sales, on Tuesday Ted Baker issued a Q2 trading update and said that sales have been in line with expectations and it's seen a “significant improvement” in the full-price mix.
Fashion
Fashion, department stores see strong August, weddings drive formalwear

Fashion, department stores see strong August, weddings drive formalwear

​Fashion sales in August were at their strongest since pre-pandemic levels and department store spending also saw a strong uplift last month, new figures from Barclaycard show.
Fashion
Barbara Palvin, Meghan Markle are biggest fashion and beauty influencers - data studies

Barbara Palvin, Meghan Markle are biggest fashion and beauty influencers - data studies

​Two new studies have hailed Barbara Palvin and Meghan Markle as the key influencers for women globally as far as fashion, beauty and general icon status are concerned.
Fashion
Department stores carnage: UK loses 83% in five years

Department stores carnage: UK loses 83% in five years

UK department stores have become an endangered species. The country has lost 83% of its main department stores since the collapse of the BHS chain in 2016, reflecting how hard the high street has been hit.
Fashion