A leading analyst has said that Harrods really needs to connect with more shoppers in the UK and also to drive more online sales from its tourist fanbase if its wants to push GTV higher as rival Selfridges is doing.
According to a study from Vestiaire Collective and Boston Consulting Group, luxury brands should be embracing the second-hand fashion boom, not least because it moulds the loyalties of future primary-market consumers.
Having arrived in Spain a year ago, Vinted has come to an agreement with local competitor Chicfy, which will shut down its portal and invite its users to migrate to the Lithuanian specialist's platform.
Carla Sozzani, noted retailer, gatekeeper to the Azzedine Alaïa archives and all-round fashion legend, has a new project. The Italian lady opened her own Fondazione Sozzani Monday night in an unexpected neighbourhood.
Few people have more famous family names in fashion than Patricia Gucci, even if she cannot really use it. A tad unfair, given the quality of her latest project – Aviteur, a new high-end luxury luggage brand.
In its 200th year, the world’s oldest shopping destination is adding a raft of new brands with London’s luxury Burlington Arcade announcing the arrival of Christian Louboutin, Harrods, Mou London and Baudoin & Lange.
President Donald Trump will this week visit a new Louis Vuitton facility in Texas, which is being bolstered by local government financing, underlining his close relationship with Bernard Arnault, Europe’s richest man.