Watches of Switzerland has reported a 10.8% rise in its first quarter like-for-like sales. In the three months to July 28th, UK and US like-for-likes rose by 11.5% and 8.7% respectively. Total revenues increased by 17.8% to £209.4 million. Brian Duffy, Watches of Switzerland chief executive, said: “Our first quarter as a listed business saw continued...
Dr. Martens has reported that full year revenue rose by 30% to £454.4 million after achieving double-digit growth across all of its channels. In the year up until March 31st, retail revenue increased by 30% to £126.7 million as retail like-for-like sales rose by 18%. Wholesale revenue also experienced a significant...
Nike has announced that acquisition of retail predictive analysis firm, Celect. Celect uses cloud based analytics platforms to provide insights that allow retailers to optimise inventory across an omni-channel environment through hyper-local demand predictions, according to Nike. Celect’s team will be integrated into Nike’s global operations team immediately. “With the acquisition of Celect,...
Farfecth has acquired Off-White owner, New Guards in a deal worth $675 million. The online retailer has said that the move ‘advances its strategy to be the global technology platform for the luxury fashion industry’. New Guards has brands including Off-White, Palm Angels, Marcelo Burlon County of Milan, Herin Preston, Alanui, Unravel...
Burberry has launched a new collection of clothes made from recycled waste. The new capsule collection was created using Econyl regenerated nylon, made from fishing nets, fabric straps and industrial nylon waste. The collection also features a reinvention of the classic lightweight car coat. The brand announced the collection on social media...
H&M has released images of its collaboration with South African brand Mantsho. The collaboration was first announced back in April. The collection is made up of 15 pieces, featuring an array of patterns and wax-printed designs. The designer for the brand, Palesa Mokubung launched Mantsho in 2004. Mantsho means ‘black is beautiful’...
Pandora has signed Millie Bobby Brown as the new face of its jewellery collection. She will promote a new range, which will be launching this year. Brown has signed a two-year contract with the brand. The campaign was shot by Cass Bird, and features a collection of images shot in Brown’s adopted hometown...
Waterstones is set to open a store at Silverburn in Glasgow this September. The opening will mark the shopping destinations first ever dedicated bookshop. The store will be in a 6,000 square foot unit, and will offer a range of books, stationary and gift collections. The store will be designed by an in-house...
H&M has collaborated with Instagram account MenWith to launch a fashion collection based on the accounts most engaging posts on its accounts @menwithclass and @menwithstreetstyle. The collection will launch online and in selected H&M stores on August 22nd. H&M’s men’s design team worked with MenWith to review posts with the most engagements,...
1,100 jobs could be at risk after Boohoo bought the online business of Karen Millen and Coast for £18.2 million. Both Karen Millen and Coast’s 32 stores and 177 concessions are now set to close. Deloitte, the administrators, has said that the stores would continue to trade for a ‘short time’. Because of...
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