Evri serves up record deliveries as online shopping soars Business Evri delivered 730m parcels in the 12 months to March, a 14.9 per cent year-on-year rise that helped profit more than double.
Do luxury products have a pricing problem? At some point, luxury brands all face the same question: How do you price a good at a level that implies desirability and exclusivity without making it completely exclusionary? The vast majority of luxury brands rely on the aspirational consumer just as much as the super-wealthy. McKinsey has estimated that around half of the luxury [...]
Burberry: How low will ‘lost’ luxury fashion label’s shares go after FTSE 100 relegation? Retail Burberry’s share price just keeps dropping and the decline is has shown almost no signs of slowing down for more than a year. It hit a 15-year low of 565p this week, after reaching a 14-year low in July, after hitting an all-time high of £2,690p last April. It is set to drop out of [...]
Kering suffers as luxury brands deliver mixed results July 25, 2024 Luxury fashion conglomerate Kering announced a dramatic fall in net profit of 50 per cent in the first six months of 2024.
How did Burberry get stuck in the trenches? July 13, 2024 Burberry has struggled to compete with its luxuary peers over the past couple of years.