All Luxury articles – Page 2
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InterviewQ&A: Sunspel chief executive on bucking the downwards trend in luxury
From dressing the Rolling Stones to James Bond and Brad Pitt, British luxury brand Sunspel has been the outfitter of choice for the rich, cool and famous for over 160 years. Chief executive Raul Verdicchi speaks to Retail Week about outperforming the market, opening new stores and dealing with Trump’s tariffs.
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NewsChanel and Pandora latest retailers to be hit by cyber attacks
Luxury brand Chanel and jewellery retailer Pandora are the latest businesses to report that customer data has been stolen in cyberattacks.
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NewsGucci sales drop as luxury retail slump continues
Gucci sales dropped by 25% year on year in the second quarter as a challenging period for the world’s high-end retailers continues.
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Opinion‘Fashion sales are in structural decline and that has big implications for retailers’
Fashion volumes have been on a downward trend for some years, observes Alvarez & Marsal’s Erin Brookes, who offers suggestions on how retailers should respond
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GalleryFirst look: The Perfume Shop’s debut luxury boutique store
The Perfume Shop has opened its first boutique concept store, focusing on a premium perfume experience
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NewsBurberry sees ‘uptick in brand desirability’ but says turnaround is still in early stages
Burberry has seen sales improve and reports more people are coveting the brand, but says it’s still in the early stages of its transformation.
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NewsFrasers CFO: Business rates hike could scupper future store opening plans
Frasers are still “working hard to mitigate the £50m-plus” of extra costs from last year’s Budget, but its CFO is expecting more pain to come in the autumn.
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NewsLouis Vuitton becomes latest retailer hit by cyber attack
Luxury retailer Louis Vuitton has revealed it has been targeted by a cyber attack.
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NewsMulberry raises £20m from major shareholders as sales and profits fall
Luxury fashion brand Mulberry has raised £20m from its largest shareholders amid ongoing transformation strategy after full-year sales and profits tumbled.
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InterviewInterview: Rituals managing director on carving out a unique space in the industry
As Rituals celebrates 25 years as a business, managing director for the UK and Ireland Annemarie Forsyth sits down with Retail Week in her first interview to discuss how the retailer has become a force to be reckoned with in the premium beauty space.
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Retail VoiceWhy cruise retail is redefining customer experience culture
While high street retail fights for fleeting moments of consumer attention, one high-growth, high profit channel that bucks this reality can still be conspicuously absent from strategy conversations: cruise retail. Harding+’s Katie Floyd takes a deeper dive
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NewsWatches of Switzerland surpasses $1bn in US sales
Its fast-growing US business has helped drive record revenues at the British hard luxury retailer.
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NewsFortnum & Mason eyes UK stores outside of London
Fortnum & Mason is considering opening UK stores outside of London for the first time in its three-century history.
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NewsNorth Face and Cartier report stolen customer data in cyber attacks
Fashion brand The North Face and luxury jewellery retailer Cartier have said customer data has been stolen in recent cyber attacks.
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NewsBurberry boss paid over £2m despite company-wide job cuts
The boss of Burberry, Joshua Schulman, is reported to have received £2.6m in the first nine months in his role, despite the group announcing job cuts.
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NewsHarvey Nichols to slash jobs as it axes its grocery offering
As part of a strategic reset, luxury department store Harvey Nichols is axing its grocery and hampers offer, putting 70 roles at risk.
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NewsRetailers put pressure on Reeves to bring back tax-free shopping
Several retailers and brands are urging chancellor Rachel Reeves to bring back tax-free shopping for tourists amid ongoing disruption as a result of President Trump’s tariffs.
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NewsShopping luxury on Amazon to become the new normal, says Saks exec
Saks Global executive chair Richard Baker has said that in five years time, shopping luxury on Amazon will become “the most natural thing you could ever imagine” when speaking at World Retail Congress 2025 in London.
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NewsTikTok has become the ‘front door for beauty’, says Estée Lauder Companies exec
TikTok has become the “front door for beauty” as many brands turn to the platform to connect with the younger consumer, according to an Estée Lauder Companies exec.
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NewsBurberry sees sales improvement following ‘intervention’
Burberry has reported that its “intervention to reset the brand” has resulted in a sales improvement in the second half.