Mulberry: Chief calls to scrap London tourist tax as losses widen November 30, 2023 Thierry Andretta, said that a weak economic outlook is impacting the entire luxury industry and called for UK government to bring back VAT free shopping for international tourists
FTSE the exception: Global markets rally past ‘Black Monday’ after US recession fears ease August 16, 2024 Global markets have continued to rally after the ‘Black Monday’ event last week, which saw stock markets crash over fears of a US recession. Since then, markets have now bounced back, as fears over recession have faded after strong US retail sales data and unemployment numbers. The Japanese Nikkei 225, which fell almost 20 per [...]
On the whole, the economy is on the up – but only just June 25, 2024 The UK reported surprisingly strong growth in the first quarter of this year, outpacing every other G7 economy. However, recent figures have been less positive.
In The Style owners mull sale as founder returns to head fast fashion retailer December 8, 2022 A sale of fashion firm In The Style is being considered while the retailer’s founder will return to head the firm next year. Investment bankers at Lincoln International have been hired to assist with a strategic review of the firm, which may result in a sale of the firm or some of its assets. The [...]
UK retail sales climb above pre-pandemic levels in July August 21, 2020 UK retail sales climbed 3.6 per cent higher in July compared to June, to beat their pre-pandemic levels, official data showed today. The climb came despite a seven per cent fall in online shopping after digital retail comprised a record 33.3 per cent of all retail sales in May. A sharp 11.9 per cent jump [...]
Discounting pushes August retail sales to highest level since pandemic began September 4, 2020 Retail sales made a slight recovery last month to the highest level since the outbreak of the coronavirus pandemic as brands slashed prices ahead of the Bank Holiday weekend. In-store like-for-like sales were down 28.1 per cent in August, from a base of minus 0.1 in the same month last year, which was the best [...]
Sales soar for Dior owner LVMH as Chinese retail bounces back October 11, 2022 Dior owner LVMH smashed third quarter forecasts this evening, with business in China finally picking up thanks to Covid restrictions being eased. The luxury goods giant, which owns brands like Bulgari and Tiffany & Co, said sales climbed 19 per cent from the previous year to €19.8bn. The fashion and leather goods division were a [...]
Early-morning queues mark arrival of Boxing Day sales on Oxford Street December 26, 2023 Shoppers are expected to pack out high streets across the UK looking for bargain buys in the Boxing Day sales.
July retail sales dampen hopes of quick high street recovery August 7, 2020 Retail sales continued to fall in July despite the reopening of non-essential stores, dampening hopes of a quick bounce back on the high street. Like-for-like sales in bricks and mortar stores fell 39.4 per cent in July compared to growth of 0.1 per cent in the same month last year. Last month was also the [...]
Mulberry continues to suffer on weak luxury demand May 1, 2024 Consumers have continued to spend on makeup and beauty goods but have reduced their spend on some luxury items like handbags.