Boohoo group revenue of 183.6 million pounds (245 million dollars), rose 53 percent or 52 percent CER for the three months to May 31, 2018. The company witnessed strong revenue growth and market share gains across all geographies with UK sales up 49 percent and international up 60 percent. The company’s […]

Online shopping is still met with some reservations by a large number of consumers, according to recent market data. However, retailers could overcome this reluctance by implementing ‘try before your buy’ options. Many consumers still have reservations about making purchases online because they don't […]

INTERVIEWYoung consumers are demonstrating a growing interest in sustainability, social justice, and personalization. At the same time, technologies like augmented reality and virtual reality are expected to reshape the fashion retail landscape. Therefore, it should come as no surprise that a rising […]

With the football World Cup set to kick off this week, sportswear giants Nike and Adidas gear up to go head for the title of the World’s biggest football-apparel brand. Sponsoring a total of 22 out of the 32 football teams competing for the title, the World Cup is the main stage for Nike and Adidas […]

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 […]

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