ANALYSISGucci is looking for ways to efficiently and sustainably cope with increasing Chinese consumers’ demands. Following into the steps of other luxury fashion powerhouses like Burberry and Louis Vuitton, the Italian luxury fashion company is bringing more manufacturing in-house. Gucci has recently […]

There has been speculation that Prada has been planning to sell, but those rumors have finally been put to rest. At the presentation of the company's new Valvigna industrial complex, the company's chief executive officer Patrizio Bertelli told the press and guests, "Prada is not selling. Of course there […]

The global personal luxury goods market is expected to grow 6 to 8 percent in 2018, according to a report by market monitor Altagamma and management consulting firm Bain & Company. Leather accessories and jewelry are the product categories expected to grow the most (7 percent), while apparel is expected […]

Asos has teamed up Israeli innovation hub Re:Tech to help connect retail and e-commerce technology start-ups in the country. Re:Tech is set to curate and manage a series of structured development labs over the next year, and will host dedicated events where Asos representative can meet start-ups offering […]

Unibail-Rodamco has announced that it has completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield, the premier global developer and operator of flagship shopping destinations. The company said, Unibail-Rodamco-Westfield combines two of the strongest and most respected names in the […]

Marks and Spencer Plc (M&S) has decided not to pay bonuses to its directors on the back of fall in profit. The company said in its annual report that group PBT was below the threshold for bonus payments in the business to begin. As such, the committee exercised its discretion and no bonus payments were […]

Online personal styling service, Stitch Fix, Inc., for its third quarter of fiscal year 2018 ended April 28, 2018 reported 30 percent increase in active clients to 2.7 million, while net revenue of 316.7 million dollars, increased 29 percent year over year. The company also recorded net income of 9.5 […]

Italian luxury fashion house Gucci under the Kering umbrella said on Thursday that it targets to surpass a sales figure of 10 billion euros (11.8 billion dollars) in annual sales and replace LVMH’s Louis Vuitton as the biggest global luxury label. Financial Times quoted, Gucci’s Chief Executive Marco […]

Total net sales at Zumiez, for the first quarter ended May 5, 2018 increased 13.9 percent to 206.3 million dollars from 181.2 million dollars in the first quarter ended April 29, 2017. Comparable sales for the period increased 8.3 percent compared to 1.8 percent for the thirteen weeks ended April 29, […]

Four generations of consumers coexist nowadays: the Baby Boomers, born between 1945 and 1968; Generation X, born between 1969 and 1983; Millennials, born between 1985 and 1993; and Generation Z, comprising those born from 1994 to 2002. Catering for the needs of younger generations is key for many businesses’ […]

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